Host Simon Love interviews the brilliant and animated Marco Vangelisti, one of the nation’s thought leaders on investing in your own backyard.
Marco shares his compelling personal story of how a powerful “come to Jesus” moment led him to abandon Wall Street for good, and move all of his money into his local community. Get ready to take notes as Marco provides stories, useful information and personal experiences of local investing.
Marco Vangelisti came to the US as a Fulbright scholar in mathematics and economics at the University of California in Berkeley. After a stint in the financial industry, Marco worked as visual artist on a full-time basis for 5 years and obtained a MFA focusing on the intersection between public art and ecology. He later worked for 6 years managing investment equity portfolios primarily on behalf of large foundations and endowments. In April 2009 Marco left the finance industry and has since been instrumental in the formation and development of the Slow Money Northern California chapter. He is sharing his experience doing direct Slow Money investments with communities around the country to help them increase their capacity for local investing. Marco is currently developing Essential Knowledge for Transition – a curriculum for engaged citizens to understand the money and banking system, the economic system and the financial system and how we need to transform them.
In this episode, you’ll learn:
- Is local investing a form of impactinvesting?
- The assumptions around ‘market rate returns’ and why we need to challenge these assumptions
- The story of a community-funded food co-op, Chatham Marketplace in NC
- How local investments can result in positive ‘non-financial returns’
- Factors that lead to success for small businesses raising capital
- How the local investing movement started not in cities but in smaller towns
- How Marco realized he needed to get out of the big investment fund world
- The knowledge people need to begin investing locally?
- A discussion of liquidity – traditional vs. local investing?
- What has investing locally taught Marco and how it has affected his own life