By forming OpenAI as a nonprofit, the founders–which included Elon Musk and Reid Hoffman, co-founder of LinkedIn–hoped to avoid what happens to nearly all venture-backed companies: the insatiable profit motive soon overwhelms any stated concerns for social good.
When Capital Good Fund launched the DoubleGreen Solar loan, in Fall 2021, the Federal Funds Rate (FFR) was near-zero, and we priced the product accordingly: by charging borrowers an APR of 3.099% – 4.99%, we could provide a return of […]
I’ve written that everything is an everything story, by which I mean that, in a global economy that is hyper-connected–physically, via supply chains, and digitally, via the Internet–it is difficult to separate one issue from another. For instance, climate change […]
We’ve all heard the Chinese proverb, “Give a poor [wo]man a fish and you feed her for a day. You teach her to fish and you give her an occupation that will feed her for a lifetime.” It’s a great concept, one that is popular with those who are more free market-oriented–they like the notion of hand-me-ups instead of hand-outs–as well as with those who tend toward socialism, as they like the idea of empowering the poor.
This is an oversimplification, but one way to think about the Civil Rights Movement, especially from the mid-to-late 1960s, is that there were two philosophical approaches: Dr. King’s faith-based, inclusive, nonviolent strategy; and Malcom X’s Black Power, “the bullet or the ballot,” movement.
Suppose I told you that in first half of 2017 Capital Good Fund had experienced a net loss of over $798 million, yet for a brief time our stock was worth more than that of Bank of America, and this despite the fact […]
As my thinking over the past seven years of running a nonprofit social enterprise has evolved, I have come to realize that the only way to effect social change at scale is to partner with the public sector, by which […]
Big News I’m excited to announce that tomorrow, Monday October 3rd, Capital Good Fund will launch its first major out-of-state expansion and begin offering loans to residents of the State of Florida! As many of you know, we are in […]
It took several years for us at Capital Good Fund to figure out our business model. After all, we started out by offering small business loans and loans to cover the cost of citizenship, and for the first two years […]
Yesterday evening we held an event at Brown University to launch Capital Good Fund’s $4.25 million Direct Public Offering in front of about 50 potential investors. You can click here to learn more about the DPO, but here’s a very […]