Founder & CEO @Knomee building into the chasm keeping you from financial confidence. Keynote speaker and advisor helping people and companies have meaningful impact | ex BlackRock, Microsoft, J.P. Morgan, Carta
What can the financial industry learn from nonprofit? I LOVED this question from Matthew Johns, MBA at HoneyHive Capital Partners, an alternative investment firm focused on values alignment. I worked as a fundraiser at a nonprofit organization in New Jersey between 2002-2004, before jumping off the deep end into financial services and fintech. There is so much that nonprofits can teach financial firms! First...how are they similar? 💰 Both of these industries (if you call nonprofit an industry) sell a promise of the future. They sell into your hopes, dreams, fears, values, emotions, desires. 💰 They offer investment products - although "return" is defined differently. 💰 They both ask you for your money and allocate in line with a strategy. What can financial services learn from nonprofit? 💰 Nonprofits inherently understand that money is a TOOL rather than a goal. Everything they do is about activating the tool to achieve a personally meaningful end. 💰 They build deep relationships with donors to understand exactly what matters to them. They are donor-centric by design. They get into the nuanced details. They have to understand what someone means, exactly, when they say they care about a topic. Just saying you care about "the environment" isn't specific enough. They have to go way deeper. Imagine if your investment dollars could be as specifically channeled! 💰 They are differentiated! Nonprofits have to create unique value propositions in order to exist. If every nonprofit sent money into the same 5 categories with the exact same allocations called by different names, the world would be a very different and sad place. 💰 They create deeper personalized engagement. Nonprofits know that people have different needs. Some just want to write a check. Others want to volunteer. Others like hitting the phones and fundraising. Others yet want to get their hands involved in the operations. They offer engagement pathways suited to the donor. What am I missing from this list? I could go on and on! Please listen to this podcast and tell me what you think! Matthew Johns, MBA is a brilliant conversationalist and taught me a lot about what a well-run podcast looks like. It's worth your time...trust me! https://lnkd.in/g_2efq8a
Helping Christian Investors and Philanthropists invest in private market deals and direct their giving to build legacies aligned with their faith values | The HoneyHive Investor Club | Podcaster | Faith & Family
Is money a tool or the goal? Marla Sofer discusses how recognizing your financial identity can increase your confidence and empower you to use money to achieve your true goals. Marla is awesome. She is the Founder and CEO of Knomee, a fintech company empowering investors to thrive financially by providing a unique approach to assessing your financial identity. It was a really fun conversation. Marla has been making big waves in the financial industry for years. Now she is giving the financial a unique gift from her own experience. Enjoy! https://lnkd.in/ggzaw9kg DISCLAIMER: This video represents the views and opinions of it's guest and does not reflect the views and opinions of HoneyHive Capital Partners LLC. Nothing in this video nor any communications from it should be treated as constituting financial, investment, legal, tax or other advice of any kind, or as a recommendation to buy or sell an interest with respect to any investment.
Md Imran Nazir
6mo
Best advice for raising money? what people expect to hear: → Pitch hard → Promise returns → Gloss over risks → Play on ego the actual advice: → Build understanding → Serve real needs → Ensure happy donors → Results sustain all Lasting support relies on genuine care, not gimmicks Am I said it right Marla? P.S. Hope that my connection request didn't get buried in the notification, haha Waiting to connect 😉
Oksana Skomska
6mo
Marla, great insights! How does knomee incorporate these nonprofit strategies into its operations?
Helping Christian Investors and Philanthropists invest in private market deals and direct their giving to build legacies aligned with their faith values | The HoneyHive Investor Club | Podcaster | Faith & Family
6moVery well said, Marla! In fact, this may need to be turned into a panel discussion at an upcoming event. With impact investing gaining prominence, these discussions are becoming even more relevant. The only thing I would add, and I think you mentioned it with me, is the metrics. Nonprofits know how to quantify value from qualitative data.