Swimming and diving: an update from the team

What does it take to pull off Community Sourced Capital? A wide range of talents and an insatiable passion for using finance to enhance communities. No big deal.

We share this story with you because we want you to see the kind of topics we’re thinking about in addition to everything we produce. It’s one thing to start a business, and it’s another to share that experience with our network of supporters.

Following the official launch of our first “live” community lending campaigns, we brought our entire team together last week for a full weekend “hang out” and a one day “retreat” at our Hub Seattle headquarters. Brent flew in from Roanoke, Meryl came up from Denver, and Alex, Casey and Rachel enjoyed short bus rides from their homes in Seattle. We also had the incredible opportunity to have the entire team meet with our amazing mentors: Jon Kroman, Todd MacDonald, and Carol Sanford.

Todd led us through a morning exercise of exploring how our team’s interactions ripple out and affect our customer relationships; the core of our team operations will show up in our everyday interactions with non-team members, and those interactions could even show up in our customers relationships with their customers. Whoa. It was an exciting reminder of how important a healthy team is for running a healthy company. And ultimately, it re-enforces our core purpose of building community through trust-based relationships.

In the afternoon, Carol took us down an incredible path of exploring how we engage with our customers and Squareholders in order to create systems of constructive dialogue instead of just asking for “feedback” and seeing what shows up in the inbox. We want to invite our customers and Squareholders to conversations that reward everyone involved through real conversations. “Feedback” often misses this target by a longshot. We hope you hold us to this challenge.

At the end of the day, we’re still swimming along, creating and growing our community finance platform. Our team retreat was a reminder that we should never hesitate to take deep dives into re-exploring our company’s essence, what we do, how we do it, and who we are when we do what we do.

Here’s to swimming, diving, designing, playing, and inviting people to learn alongside with us, all at the same time.

Re-imagining our relationship with money

Imagine this: 20 people sitting around in a circle talking about money. It wasn’t bankruptcy counseling. It wasn’t a fundraising meeting. It wasn’t even a investment club. It was just 20 people, sitting in a circle, talking about their personal relationship with money. Continue reading “Re-imagining our relationship with money”

Generative design and local living economies

Last week, Casey and I returned to our Alma Mater, the Bainbridge Graduate Institute, to talk about Community Sourced Capital with about 20 MBA Students studying Local Living Economies in a class taught by sustainable finance expert Stuart Cowan. Continue reading “Generative design and local living economies”

Pitching sustainable finance to a few hundred

Just last weekend, co-founders Rachel Maxwell and Casey Dilloway pitched Community Sourced Capital to a few hundred friends, family members, social entrepreneurs and investors as part of Fledge Demo Day in Seattle. Fledge is the “conscious company” incubator that CSC has been working with for the last few weeks.

Continue reading “Pitching sustainable finance to a few hundred”

You can help CSC make finance local

We created a funding platform for everyday citizens to lend directly to strong local businesses that they know. We’re starting with small businesses because its no secret that they’re responsible for the bulk of jobs created in this country, and banks are not lending to small businesses like they used to.

At the same time, experts agree that small businesses are the keystone to resilient regional economies…economies that don’t crumble when a single manufacturer leaves town or when a national housing crisis triggers the loss of 9 million jobs. We can use our money to fund a stronger world than that. Community Sourced Capital gives you the power to fund the world you want to live in.

It all starts with a square.

 

  • Squares represent loans to businesses.
  • Squares are $100 and anyone can buy one.
  • Funding a $20,000 project means selling 200 squares.
WE can control the economic vitality of our country just by putting our money to work in the right way! After all, we all have money. At least a little bit.

Here’s how it works: CSC hosts a business, their story and their funding project on our website. Over time, the business builds rapport with their community through an ongoing marketing campaign to their community that identifies future lenders. Then we contact the business and say “Hey, guess what! You just had your 200th supporter sign on to lend you $100. Now you have access to $20,000 in community sourced capital. Ready to hit go?” The funding round ensues, money is transferred, and then the repayment begins. If you are a community member who wants to join the movement to localize finance, sign up for updates. If you have questions or comments please contact Rachel@communitysourcedcapital.com.

We’d love for you to join the crowd at the Fledge Demo Day on September 23rd at the Intiman Theater. We’ll be presenting with six other conscious companies.

We’re a Social Purpose Corporation, and yes, we want you to know about it

When we started Community Sourced Capital, we knew we wanted to signal to communities that we aren’t your average company with average solutions. After all, we’re transforming centuries worth of traditional finance principles to re-focus on building strong local economies. Continue reading “We’re a Social Purpose Corporation, and yes, we want you to know about it”