Joel Solomon: Mission Venture Capital and the Clean Money Revolution

Next Economy Now highlights the leaders who are taking a regenerative, bio-regional, equitable, transparent, and whole-systems approach to using business as a force for good. 

SUBSCRIBE & RATE us on iTunes, Spotify, Pandora, YouTube, or anywhere you find podcasts!

Next Economy Now highlights the leaders who are taking a regenerative, bio-regional, democratic, transparent, and whole-systems approach to solving social and environmental challenges.

The goal of this podcast is to identify the trends, tips, and best practices that will help listeners better harness the power of business as a force for good.

In this episode, Ryan Honeyman, a Partner at LIFT Economy, interviews Joel Solomon, Chairman of Renewal Funds. Renewal Funds is Canada's largest mission venture capital firm, with $100M in assets under management.

From 1993 to 2008, Joel managed the Family Office activities of Carol Newell. Together, they pioneered an integrated use of capital for social impact that is now growing as a strategy for deep mission investors.

Today, Joel serves as a Senior Advisor with RSF Social Finance and speaks frequently throughout North America, including a 2012 TEDxVancouver talk. He is a founding member of Social Venture Network (SVN), Business for Social Responsibility (BSR), the Tides Canada Foundation, and is board chair of Hollyhock. Joel has received a Lifetime Achievement Award from SVN and was recently inducted with Carol Newell into the SVN Hall of Fame.

Joel-Solomon-Brick-wall-cropped-hi-res.jpg

In this interview, Ryan and Joel discuss a number of topics, including:

  • How Joel first got started in impact investing

  • Balancing market rate returns with investing in companies that benefit society and the environment

  • The 2-3 portfolio companies that Joel is most excited about

  • How Renewal Funds measures impact

  • Joel's upcoming book: The Clean Money Revolution

 

In addition, you can listen/subscribe to Next Economy Now on iTunes, Overcast, Stitcher, or your favorite podcasting platform.

 

Ryan Honeyman is a Partner at LIFT Economy and author of The B Corp Handbook: How to Use Business as a Force for Good (Berrett-Koehler Publishers). LIFT Economy is an impact consulting firm whose mission is to create, model, and share a locally self-reliant economy that works for the benefit of all life. You can follow Ryan on Twitter @honeymanconsult or email him ryan@lifteconomy.com.