December Meeting Report
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Devin Thorpe
Dec 18, 2024, 9:36:48 PM12/18/24
to Impact Cherub Club
Hi Cherubs,
We had a great meeting yesterday. Here's a recording.
This is just a quick reminder that last month we voted NOT to invest in Agua Bonita.
Yesterday, Tate reported on Imago Rehab, recommending investment. The Club voted unanimously to support that decision. I reported on Health Care Originals and recommended investment; the Club voted in agreement. My diligence report is attached.
You can see our investment decision log here: http://log.impactcherub.com.
We briefly reviewed two candidates for next month. We briefly considered Capital Good Fund (Heat Pumps for New England); Jackie volunteered to scrutinize it for the group. We also considered Zero Carbon, Inc.; Tate and Karl volunteered to tag team that one.
Education Moment: We used the time to review the performance of Impact Cherub Club portfolio of approved investments. We didn't have time to get through all 39 investments, so we'll continue the discussion next month.
Today, I hosted the monthly SuperCrowdHour webinar with expert Jason Fishman. You can watch the replay here.
Our next meeting will be held on January 21 at 1:00 Eastern. Invite a friend!!!
Thank you so much!
dt
P.S. Remember, this due diligence scorecard may help you organize your research and this AI tool may help you do it.
P.P.S. Here's the Zoom AI Recap (with uncorrected errors):
Meeting summary for Impact Cherub Club (12/17/2024)
Quick recap
Devin led a meeting where the group discussed their investments in various companies, with a focus on healthcare and education industries. The group approved two investments, with Devin also presenting a report on a healthcare originals deal and discussing the potential of a new healthcare product. The conversation ended with Devin discussing the status of various deals, highlighting the importance of annual reports for investors, and setting the date for the next meeting.
Next steps
• Devin to add Imigo Rehab and Healthcare Originals to the club's roster of approved investments.
• Devin to continue analyzing the performance of previously approved investments and present findings at the next meeting.
• Devin to link annual reports of invested companies in the spreadsheet for evaluation.
• Jackie to review and report on the Heat Pumps for New England deal at the next meeting.
• Carl and Tate to collaborate on reviewing and reporting on the Zero Carbon deal at the next meeting.
Summary
Crowdfunding Strategies and Business Review
Devin expressed gratitude towards the participants for their time and acknowledged their significant contributions to impact investing via crowdfunding. He also shared links to the previous meeting's recording and the log for reference. Devin announced that the next meeting would feature Jason Fishman, CEO of the Digital Niche Agency, who would discuss marketing strategies for crowdfunding campaigns. He also mentioned that they had only reviewed one business, Agua Bonita, in the previous month and decided not to invest. The meeting then proceeded to the first report by Aaron, who shared his screen and discussed his interest in healthcare and education industries. However, there were initial audio issues with Aaron's presentation, which were resolved.
Stroke Rehabilitation Market Opportunity
Aaron discussed the market opportunity and competitive landscape of a company specializing in rehabilitation for stroke survivors. He highlighted the high demand for rehabilitation services due to the increasing number of stroke cases and the lack of advancements in post-stroke care. The company's unique selling point is its comprehensive approach to rehabilitation, combining technology and patient engagement to provide an at-home system for stroke survivors. The target market is stroke survivors aged 40 and above, along with their families. Aaron emphasized the importance of measurable health outcomes in driving the healthcare industry and the company's success.
Investing in Healthcare Company Opportunity
Aaron recommended investing in a company due to its solid performance and potential for growth. He suggested that the valuation would be based on comparable companies, transactions, and inherent metrics. He also noted that the healthcare industry is always in demand, making it a somewhat safe venture. The company is raising around $24,000, with a pre-money valuation of $12 million. The investment is in the form of a preferred stock, which Aaron believes is more investor-friendly than a safe. Devin agreed that this was an interesting investment opportunity.
Investment in Home Health Device
Devin led a meeting where the group discussed their investment in a home health device. The group unanimously approved the investment, with Tate's presentation being well-received. Devin then presented a report on a healthcare originals deal, which he had prepared with the help of AI. The device in question monitors breathing patterns and can alert users to potential health risks, such as asthma attacks or ER visits. The conversation ended with Devin sharing his screen to walk the group through his analysis.
New Healthcare Product's Global Potential
Devin discussed the potential of a new healthcare product, highlighting its global public health benefits and its potential to help those struggling to access healthcare. He also praised the management team, noting the CEO's diverse background and the company's strong advisory board. Devin pointed out that the product could be used to help those who are uninsured or struggle to access healthcare, and that it could have a significant impact on healthcare and the environment. He also mentioned that the company has been around for a long time and is a relatively mature growth company, forecasting 35 million dollars in revenue over the next two years. However, he also noted the challenges of raising enough money and the regulatory environment they operate in. Devin gave the product a 7 out of 10 rating, but noted that this was a high score for his picks. Aaron asked about competition and intellectual property, to which Sharon responded that they have a strong IP portfolio with 14 patents allowed around the world and 10 pending. She also mentioned that they have a first mover advantage and have protected the area of the body they want to operate in, making it difficult for others to replicate their work.
Digital Biomarkers and Investment Discussion
Sharon discussed the company's technology, which focuses on developing digital biomarkers based on the sound of deep organs, with potential applications in cardiology and other areas. She mentioned that the company is raising funds to expand its use cases and that the venture firm, Safa Partners, has provided favorable terms for the We Fund investor. Karl raised a concern about the cost of setting up an SVP, to which Sharon responded that the SDB takes a 6% commission. Devin expressed his support for the investment and encouraged others to ask questions.
Solution for Peace of Mind
Sharon discussed the development of a solution for people like herself and their families, emphasizing the importance of peace of mind. She also mentioned the benefits of the venture investor and the opportunity for others to invest and do well while doing good. Aaron offered his resources for Sharon, and Devin ended the conversation by announcing the approval of two investments and the need to evaluate the portfolio of 37 businesses they've invested in.
Investment Status and Returns Update
Devin discussed the status of various investments, noting that four had been canceled due to insufficient funds or the cancellation of their offerings. He mentioned that the best return they had so far was with Ziba Foods, which returned 1.2 times their investment. Devin also mentioned that Echo Mind AI had licensed its technology to a larger company, but its current status was unclear. He expressed uncertainty about the future of Trello Technologies and Codepiece, while noting that Asilla Power, Laminar Scientific, and 7th Generation Games appeared to be doing well. He concluded that Tbh had gone out of business.
Deals, Reports, and Potential Opportunities
Devin discussed the status of various deals, including Solar for Liberty Farms and Green Compass, which had made their first payment and were moving forward respectively. He also mentioned the need for further analysis on some deals and the potential for a post-mortem on failed ones. Devin also highlighted the importance of annual reports for investors, particularly for companies raising significant funds. He then presented two potential deals for the next month: Heat Pumps for New England, which offers subsidized interest rates, and 0 Carbon, a company converting waste into clean hydrogen. Devin expressed interest in supporting the latter, and Karl and Tate volunteered to analyze the 0 Carbon deal. The conversation ended with Devin thanking everyone and setting the date for the next meeting.
AI-generated content may be inaccurate or misleading. Always check for accuracy.
Quick recap
Devin led a meeting where the group discussed their investments in various companies, with a focus on healthcare and education industries. The group approved two investments, with Devin also presenting a report on a healthcare originals deal and discussing the potential of a new healthcare product. The conversation ended with Devin discussing the status of various deals, highlighting the importance of annual reports for investors, and setting the date for the next meeting.
Next steps
• Devin to add Imigo Rehab and Healthcare Originals to the club's roster of approved investments.
• Devin to continue analyzing the performance of previously approved investments and present findings at the next meeting.
• Devin to link annual reports of invested companies in the spreadsheet for evaluation.
• Jackie to review and report on the Heat Pumps for New England deal at the next meeting.
• Carl and Tate to collaborate on reviewing and reporting on the Zero Carbon deal at the next meeting.
Summary
Crowdfunding Strategies and Business Review
Devin expressed gratitude towards the participants for their time and acknowledged their significant contributions to impact investing via crowdfunding. He also shared links to the previous meeting's recording and the log for reference. Devin announced that the next meeting would feature Jason Fishman, CEO of the Digital Niche Agency, who would discuss marketing strategies for crowdfunding campaigns. He also mentioned that they had only reviewed one business, Agua Bonita, in the previous month and decided not to invest. The meeting then proceeded to the first report by Aaron, who shared his screen and discussed his interest in healthcare and education industries. However, there were initial audio issues with Aaron's presentation, which were resolved.
Stroke Rehabilitation Market Opportunity
Aaron discussed the market opportunity and competitive landscape of a company specializing in rehabilitation for stroke survivors. He highlighted the high demand for rehabilitation services due to the increasing number of stroke cases and the lack of advancements in post-stroke care. The company's unique selling point is its comprehensive approach to rehabilitation, combining technology and patient engagement to provide an at-home system for stroke survivors. The target market is stroke survivors aged 40 and above, along with their families. Aaron emphasized the importance of measurable health outcomes in driving the healthcare industry and the company's success.
Investing in Healthcare Company Opportunity
Aaron recommended investing in a company due to its solid performance and potential for growth. He suggested that the valuation would be based on comparable companies, transactions, and inherent metrics. He also noted that the healthcare industry is always in demand, making it a somewhat safe venture. The company is raising around $24,000, with a pre-money valuation of $12 million. The investment is in the form of a preferred stock, which Aaron believes is more investor-friendly than a safe. Devin agreed that this was an interesting investment opportunity.
Investment in Home Health Device
Devin led a meeting where the group discussed their investment in a home health device. The group unanimously approved the investment, with Tate's presentation being well-received. Devin then presented a report on a healthcare originals deal, which he had prepared with the help of AI. The device in question monitors breathing patterns and can alert users to potential health risks, such as asthma attacks or ER visits. The conversation ended with Devin sharing his screen to walk the group through his analysis.
New Healthcare Product's Global Potential
Devin discussed the potential of a new healthcare product, highlighting its global public health benefits and its potential to help those struggling to access healthcare. He also praised the management team, noting the CEO's diverse background and the company's strong advisory board. Devin pointed out that the product could be used to help those who are uninsured or struggle to access healthcare, and that it could have a significant impact on healthcare and the environment. He also mentioned that the company has been around for a long time and is a relatively mature growth company, forecasting 35 million dollars in revenue over the next two years. However, he also noted the challenges of raising enough money and the regulatory environment they operate in. Devin gave the product a 7 out of 10 rating, but noted that this was a high score for his picks. Aaron asked about competition and intellectual property, to which Sharon responded that they have a strong IP portfolio with 14 patents allowed around the world and 10 pending. She also mentioned that they have a first mover advantage and have protected the area of the body they want to operate in, making it difficult for others to replicate their work.
Digital Biomarkers and Investment Discussion
Sharon discussed the company's technology, which focuses on developing digital biomarkers based on the sound of deep organs, with potential applications in cardiology and other areas. She mentioned that the company is raising funds to expand its use cases and that the venture firm, Safa Partners, has provided favorable terms for the We Fund investor. Karl raised a concern about the cost of setting up an SVP, to which Sharon responded that the SDB takes a 6% commission. Devin expressed his support for the investment and encouraged others to ask questions.
Solution for Peace of Mind
Sharon discussed the development of a solution for people like herself and their families, emphasizing the importance of peace of mind. She also mentioned the benefits of the venture investor and the opportunity for others to invest and do well while doing good. Aaron offered his resources for Sharon, and Devin ended the conversation by announcing the approval of two investments and the need to evaluate the portfolio of 37 businesses they've invested in.
Investment Status and Returns Update
Devin discussed the status of various investments, noting that four had been canceled due to insufficient funds or the cancellation of their offerings. He mentioned that the best return they had so far was with Ziba Foods, which returned 1.2 times their investment. Devin also mentioned that Echo Mind AI had licensed its technology to a larger company, but its current status was unclear. He expressed uncertainty about the future of Trello Technologies and Codepiece, while noting that Asilla Power, Laminar Scientific, and 7th Generation Games appeared to be doing well. He concluded that Tbh had gone out of business.
Deals, Reports, and Potential Opportunities
Devin discussed the status of various deals, including Solar for Liberty Farms and Green Compass, which had made their first payment and were moving forward respectively. He also mentioned the need for further analysis on some deals and the potential for a post-mortem on failed ones. Devin also highlighted the importance of annual reports for investors, particularly for companies raising significant funds. He then presented two potential deals for the next month: Heat Pumps for New England, which offers subsidized interest rates, and 0 Carbon, a company converting waste into clean hydrogen. Devin expressed interest in supporting the latter, and Karl and Tate volunteered to analyze the 0 Carbon deal. The conversation ended with Devin thanking everyone and setting the date for the next meeting.
AI-generated content may be inaccurate or misleading. Always check for accuracy.
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