Word: moneys
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...Tasch has devoted much of his career to merging asset management and philanthropy. Most recently, for 10 years up to 2008 he was Chairman of Investors' Circle, a network of venture capitalists, angel investors, and foundations that uses private money to promote the shift to a sustainable economy. Here, Tasch incubated the ideas (and ideals) that became Slow Money...
...This week, in Santa Fe, marks the official launch of this tortoise-beats-the-hare economic model. While Slow Money Institutes-forums for building regional stakeholder networks - have taken place in Grafton, Vt, Point Reyes, Calif., Bellingham, Wash., and Madison, Wis., this gathering brought together 300-plus participants representing at least four countries drawn from investment, philanthropic, academic and entrepreneurial circles...
...small, but Tasch is thinking big: "We're setting out to build an organization of one million Americans to invest in food systems around the U.S." He envisions "catalyzing investments of $25 million a year or more as a first step." Though he is only now starting to raise money, Tasch says the response to his model has been "extremely heartening...
...Slow Money differs from traditional socially responsible investing in that the partnerships are deeper, as the Alliance works to build not just a firm's profitability but also supportive structures. For example, rather than just lending money for, say, a farmer's barn, they would look at the farmer's other infrastructure needs, such as storage, retail outlets, transport to markets, etc. Also, inherent to the model is the notion that part of the "return" is the social and environmental benefit a company represents...
...ever get there? Yes, says Mark A. Finser, Founder/General Partner of TBL Capital in Sausalito, CA. As a "snapshot of a short period of time" the conventional investment model may look good, but "I fundamentally believe that in the long run there will be better returns" with Slow Money type investments, he says. This is particularly true, he adds, when "we look at investing as an extension of our lives and values." He notes that RSF Social Finance, which invests in enterprises committed to improving society and the environment and where he served as President...