 They asked me to talk for a few minutes about the future. I'm imagining after ten years of doing this convening We started soak out to subvert the dominant paradigm of two-pocket thinking Invest for financial return for myself with the right to only be selfish and gather as much as you can into your own Storehouse and then give some portion to do good, you know, maybe to compensate for what your investments did in the world We've done okay with that part of that people now think this impact investing investing You do good thing is real and big and growing as as you can say It's it's scaling and it's also got a spiritual aspect that you can't ignore But we haven't yet changed the rules to make business account for the harm It does or for its externalities and I think a lot of the rules of the system need to be changed as we start looking at Things we're doing great startups doing new things within a system that is messed up. We need to work on that We have we have to move to true cost accounting and the two big problems I think that are that we're facing could help with that the risk in front of us are clear I think we have two things to worry about Climate change and the systemic risk of escalating wealth inequality the half nuts don't put up with that shit for long That's just how it is the two problems are linked Climate change affects people down the hill in places that flood before it does the gated communities up the hill But the solutions are linked to Superstorm Sandy if you remember that if had several disasters since then it was so strong because the West African mangroves were cut down Letting the seasonal typhoon come out hotter and stronger So if you care about lower Manhattan, we should be planting mangroves in Liberia and Ghana We should probably do some crowdfunding at Zabars on that the UNEP environmental program says the best thing that could be done In coastal areas is to restore indigenous landscape management Planning mangroves and other buffer reeds and plants that used to exist on the Gulf Coast for example the storms are going to be better or Harder bigger. We need the things that used to be there to mitigate the storms the storms might on land Reforestation at scale is the best response to sequester Carbon at scale everyone agrees that that's true But again, that means growing trees that often have non wood forest products that take 10 years and other crops so that indigenous people In the developing world which is where we can plant trees at that scale can create livelihoods that help Cause them to maintain those trees and then live from the fruits of those trees But that's 10 year capital and we need a new kind of capital that can take 10 years investors don't buy 10 year deals So we're working just with a pilot project with self-help credit union in Asheville To do that through a kids led CD that could give them a revenue share of let's say the pine resin from Mexico in a Project like a Hito Verde when they're about to graduate or chestnut products that a US group is doing that also take 10 years to Come to fruition or Moringa trees from green ventures in Nigeria We're calling this in our little pilot There'll be riparian justice scouts and our pilot will be with a green focused public middle school Environmental science class that's done a watershed improvement project at the school in Asheville So they have the analytical tools their environmental science teacher thinks to understand the importance of reforestation and There are hundreds of those schools in a network across the US to work with and the thing if we succeed which is you know Who knows it's iffy, but if we succeed They will have the most valuable part of the capital stack the long-term money that gets the deal done So fourth graders will be being pitched by investment bankers to come into their regenerative forestry deals So that's we'll change the power dynamics just a little bit We're not sure if we can pull it off, but our last project with self-help is working more Bradley broadly to make agro forestry Work at scale. We need new lenses environmentally focused investors do not know how to calculate the value of indigenous wealth that is needed to make the Projects work and it's important to the trees that they care about Similarly socially focused investors don't know how to evaluate an environmental deal that creates that wealth several of us think a new framing of regenerative economy beyond sustainability can heal the binocular vision with a lens that lets you evaluate holistic deals to create environmental and social wealth together Back to self-help the friends and family funding for entrepreneurs who don't have a rich uncle CD We sold last year with self-help under the runway prop brand to mostly African-American entrepreneurs We're not the door finally yesterday to entrepreneurs from up to my business boot camp Working with impact hub open and we're looking to replicate that with mortar and Derek Brazil and Cincinnati and the city She's expanding to and being asked to come into And we want to make it available to the other world-class new breed of lean startup meet small business Administration accelerators in a network that we're part of we raised 450,000 from folks at SoCAP last year But we had 5 million people in demand from investors who were in this room and we didn't have the capacity to handle it So we've had to create a virtual rich uncle This is what the with the CD is about in a new financial product that goes below where CDFIs operate because of the racial wealth gap African-American families have 13,000 family assets and whites around a hundred and sixty thousand So you can't get to the 20,000 the SPA says you need from your network for friends and family stage startup We structured a vehicle where you make money and do good risk-free for those top accelerators working in a city's ecosystem that can be replicated By next year we hope to be able to handle the demand from investors who want to invest in creating community wealth in their cities and towns The area of community wealth the new players are just learning to play with existing players like CDFIs and others and it's where What we now call impact investing was in 2007 the year before SoCAP when Catherine Fulton's monitor report said there was Uncoordinated innovation that people were solving the same problem who didn't know who else was solving it somewhere else And they're doing the same thing so a convening was needed We're creating a learning network to solve that because there's not that many of them more broadly if you're not investing in wealth Creation through entrepreneurship at the neighborhood level Businesses moving out of the kitchen or garage to a storefront and from one to three employees in your city or town the place Where you live is not only poor but less safe Investing to solve the racial wealth gap is in everybody's best interests. You want peace invest in justice Thank you