#WHATWENEEDTOSUCCEED

#WHATWENEEDTOSUCCEED

CNote
30 billion, 90%, 5 times, 27 dollars, 7%...what’s behind these numbers? On one hand, a grim picture of missed opportunity, on another - a light of hope for our future. Consider the facts: If women scaled as entrepreneurs, $30 billion can be added to our country GDP. Women put 90% of their income into their communities and families. Women have been starting businesses at 5x the rate of the national average. 1 out of 27 dollars of commercial lending goes to women led businesses. 7% of all the venture capital is received by women. I remembered these facts last week as I attended the Scale Collective event in NYC hosted by Virago, a strategic advisory supporting women entrepreneurs. The event brought close to 100 women entrepreneurs together and was held…
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Reflections post-CDFI conference

Reflections post-CDFI conference

CDFIs
Last week, I had the pleasure of attending the national conference of Community Development Financial Institutions (CDFIs) in Atlanta. CDFIs, as you've read in previous posts are the "good guys and gals of finance." They provide fair capital and coaching to underserved segments like women and minorities in a high integrity, transparent and personal way. While I was in Atlanta, I met many impressive professionals. Their financial acumen, industry prowess and commitment to their community was nothing short of impressive. But what really made me stop and pause was their stories. CDFI professionals never lose site that beyond the spreadsheets, technology and complex modeling that makes their industry sing, there is an underlying heartbeat that keeps them going -- the borrowers. CDFI borrowers have some of the most beautiful and…
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Are you an over-saver?

Are you an over-saver?

Financial Planning
Nearly 1/3 of Americans are over-saving, amounting to over $300B in "extra" savings sitting in banks earning nothing. So why do we do it? CNote interviewed 100+ over-savers to find out. Here's what we learned. I know, it sounds like a funny term. Over-saver? But if you are one of the millions of Americans that have a rainy day fund, there is a high chance that you too, are an over-saver. We define an over-saver as someone who houses more than their emergency fund in their savings account. Perhaps you keep $1,000 more - or tens of thousands more. Whatever the case – you’re not alone. Nearly 1/3 of all American’s are over-savers, amounting to over $300B in “extra” savings. So why call out our propensity to over-save? Well two…
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The Good Guys of Finance. (Yes, they exist)

CDFIs, Savings
Having worked in both venture capital and financial services, I have seen some of the best and worst faces of finance. But there is one financial segment that is largely ignored and vastly under-celebrated. I call them “the good guys and girls of finance” for many reasons, but also because it’s easier than their name: CDFI.CDFIs, or Community Development Financial Institutions, were created over 20 years ago by the U.S. Treasury Department to help ensure that our country’s most underserved populations – low-income neighborhoods, women and minorities – were getting fair access to capital. Think about it this way: large banks don’t always find it easy or prudent to lend capital to certain types of small businesses, including first time entrepreneurs or entrepreneurs who need less than 100K to start…
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The world that we co-create

The world that we co-create

CNote, Financial Planning, Savings
What if... We lived in a world where we could vote with our dollars - in everything we do. Not just by buying a cup of coffee from the local shop we love, but by actually investing in that shop's growth and success. And what if we benefited too? Not only by feeling great about supporting our community, but actually creating financial freedom for ourselves along the way. This is what we are creating..and we hope you'll join us for the journey. We are CNote. CNote stands for co-creation. The idea that every $100...and really every $1...can be intentional and meaningful. Instead of investing in what we're told to invest in -- stocks, bonds, ETFs, whatever the next acronym is -- we invest in each other. We call it investing…
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