For the past several years, John has been Director of Impact Capital at Santa Clara’s Miller Center for Social Entrepreneurship and has also been a mentor to social entrepreneurs at the Global Social Benefit Accelerator. In 2011 he authored a report on impact investing entitled Coordinating Impact Capital: a New Approach to Investing in Small and Growing Businesses and recently co-authored a chapter on equity investing in New Frontiers of Philanthropy (Oxford Press-2014). He is now pioneering a new investment vehicle – the Demand Dividend - that presents investors with a ‘structured exit’ alternative to equity. In addition, he is co-founder and Director of Toniic, a syndication network of impact investors.
John manages investments through Redleaf Venture Management, a venture capital operating company founded in 1993. John's earlier background includes twenty years of executive level positions at Hewlett Packard, Silicon Graphics, Convergent Technologies and Unisys. He was one of the founding executives at Netscape Communications. He led investments at AdRelevance (JMXI), Mosaic Communications (TWX), NetGravity (DCLK), RedCreek Communications (SNWL), and Wireless Online. John serves as a board member at PACT, an NGO based in Washington D.C. He received his bachelor’s degree concentrating in international economics from UCLA and completed executive programs at Wharton and Stanford business schools. Over the last 15 years, he was a managing member of the UCLA Venture Capital Fund and still serves on the UCLA Sciences Board of Visitors. Other recent advisory committees include the World Economic Forum, and HUB Ventures.
John has a vast wealth of knowledge when it comes to financing early stage companies, and he is now applying his skill set to helping social entrepreneurs build investment ready companies at the Miller Center for Social Entrepreneurship at Santa Clara University. It's not often you get to have discussions with someone who launched the first micro VS firm back in 1993, and is now applying lessons learned from tech investing in Silicon Valley to the companies and entrepreneurs who are trying to build businesses addressing climate resilience, bottom of the pyramid customers, and is financing them through innovative means. Rather than always taking equity, there are alternative ways to fund social enterprise startups that align long term goals of both the investor and the company, and create a more sustainable model, and John is at the forefront of these methods.
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"The capacity for truly independent thought is first of all rare, and second of all lonely. And so to pursue that as an investor is critically important, yet really, really difficult."
Matthew Weatherly-White is the co-founder and Managing Director of the CAPROCK Group. A multi-family office based in Boise,ID with over 2 Billion dollars under management.
Matthew has accomplished a ton, but maybe most interesting about him is his philosophical approach to investing, and the numerous mental models he applies to the endeavor.
If you’re interested in exploring philosophical questions within Impact Investing, this is the episode for you. From applying mental models to your investment approach, to evolution, tribalism and Adam Smith, to shareholder activism, opting out, and why true impact investors are still so rare, and what it takes to develop the required skills to be one - this episode is designed to make you think deeply about impact investing, and how the markets, and the people working in them, operate as a whole.
"If the enemy of the good is perfect, then capital doesn't flow for fear of being wrong or unprofessional, or years later being looked back at with derision."
Shaping The CAPROCK Group’s initiative in Impact Investing, Matthew is a sought-after speaker and thought leader in the discipline. In addition to keynoting the 2013 European Commission's Annual Award for Social Innovation, Matthew has guest-lectured on sustainable business management and non-financial value creation at Harvard, Tuck, Kellogg, Booth and the American University in Paris business schools, has presented at conferences throughout the US and Europe, serves as a strategic adviser to several Impact Investing funds, and has been quoted in Barron's, International Business Daily, Bloomberg Business Week, Forbes and The New York Times. More recently, he successfully shepherded two pieces of legislation through the Idaho Statehouse, the first authorizing Pay For Success Contracting and the second awarding legal status to businesses structured as Benefit Corporations.
Prior to co-founding The CAPROCK Group, Matthew was a partner in The Owyhee Group, a boutique advisory team within Smith Barney. During his fourteen years with the company, he was a member of Citigroup’s elite Leadership Development Program and helped craft the firm’s Private Wealth Management platform. Matthew graduated from Dartmouth College, has competed internationally in five different sports and continues to serve as a Director for the Lee Pesky Learning Center, an organization he helped launch nearly 20 years ago. When not working, Matthew can usually be found outside, running, skiing, mountaineering, cycling... and generally encouraging his daughter to enjoy wilderness with the same irrational exuberance as her father.
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