In this episode of The Compassionate Capitalist Podcast™, host Karen Rands interviews Devin Thorpe, founder of The Super Crowd, a public benefit corporation focused on impact crowdfunding to help diverse founders and social entrepreneurs raise capital. Devin, a champion of social good and a bestselling author, discusses the evolution of crowdfunding and its alignment with his core values and mission to create social impact. As a benefit corporation, he prioritizes social impact over profits and believes crowdfunding provides an avenue to democratize the capital markets and empower underserved founders. The conversation delves into successful social impact of projects funded through crowdfunding and highlights the importance of building a community around these initiatives.
Three takeaways:
1. The Power of Benefit Corporations: Devin Thorpe’s choice to lead a benefit corporation demonstrates a commitment to both financial success and positive social impact. Benefit corporations aim to prioritize social and environmental goals, which aligns with Devin’s mission to create wealth while driving meaningful change in communities.
2. Crowdfunding for Social Impact: Crowdfunding has evolved into a powerful tool for generating social impact. Through democratizing the capital markets, it allows “main street” investors to invest in projects that align with their values, and it provides opportunities for historically excluded groups, such as women and impact founders, to access funding and create profitable ventures.
3. Building and Shared Purpose: Devin emphasizes the significance of building a community around social impact initiatives. Engaging crowdfunding backers beyond financial contributions nurtures a sense of shared purpose and strengthens the impact of these projects. Creating a community ensures long-term support and amplifies the positive effects of the funded initiatives.
Overall, this episode sheds light on the transformation of crowdfunding from a financial tool to a vehicle for creating social impact, while also exploring the role of benefit corporations in driving purpose-driven entrepreneurship.
To learn more and connect with Devin and the impact of TheSuperCrowd:
https://thesupercrowd.com/ and https://devinthorpe.substack.com/
Get your Free Ebook Devin talks about:
925 Ideas to Help you Save Money, Get Out of Debt & Retire a Millionaire:
https://www.smashwords.com/books/256051
Superpowers for Good: The Skills You Can Master to Leave Your Mark on the World
https://www.devinthorpe.com/superpowers-for-good
Listen to Karen’s interview on Devin’s podcast:
https://devinthorpe.substack.com/p/expert-compassionate-capitalism-can#details
Karen Rands is the leader of the Compassionate Capitalist Movement™ and author of the best selling investment primer: Inside Secrets to Angel Investing: Step-by-Step Strategies to Leverage Private Equity Investment for Passive Wealth Creation. She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich. Karen is an enthusiastic speaker on these topics for corporations, economic development groups, angel investor networks, and professional business networks. About Karen https://www.karenrands.co/about-karen-rands/
