This podcast tells the stories of local entrepreneurs and change-makers in the southeast. With small budgets and big dreams, these are the businesses down the street from you, building a better future for themselves and our communities.
Vicinity Capital is an investment Crowdfunding platform focused on community investing, local business and economics. We're on a mission to educate and connect local investors with local businesses to support thriving local economies.
Vicinity is where financial capital meets social capital.
Ep. 70 Dunn, NC: Wesley Johnson and the community brewery helping shape Dunn's future
Wesley Johnson joins the podcast to share how Grain Dealers Brewery is helping write the next chapter in Dunn North Carolina's history. From idea to execution, Grain Dealers has been the brainchild of the collective community. Wesley walks through how they settled on the idea of a brewery/restaurant/event space combination, and how the project is reclaiming an historic site in downtown Dunn. Tune in to hear Wesley's story and why he believes Grain Dealers is poised to play a pivotal role in the redevelopment of his community.
Ep. 69 Vicinity HQ: Picking public vs private - will liquidity ruin the local private markets?
This week the team tackles a popular topic in investing: Liquidity. The private markets have long been largely illiquid, posing an increasingly stark contrast to now easy-to-trade public securities. As more and more investors gain access to private investments, the demand for cash-out options has grown as well. In this episode, we cover the good, the bad... and yes, the ugly of liquidity. What does it have to do with Vicinity's vision for the future? Tune in to find out!
Ep. 68 Vicinity HQ: How the Maryland Neighborhood Exchange is succeeding with a local investing model
This week we dig into the Maryland Neighborhood Exchange thanks to a tip from local investing guru Michael Shuman. Shuman mentions in his recent newsletter that the exchange has attracted 6,000 investors who have invested in 44 businesses in less than 3 years. The total capital raised has topped $3.3M and shows no signs of stopping. We discuss several insights from the results so far and explain how the changing regulations have set the stage for this new rush on local investing.
Ep. 67 Vicinity HQ: What Crowdinvesting does for developers and investors in a growing commercial real estate market
This week the crew tackles a topic that’s gaining steam in our vicinity: needs and trends in the growing real estate developer market. As Crowdinvesting grows in popularity, new needs and opportunities have sprung up as well. From managing the inbound and outbound flow of funds to keeping your investors in the loop after the deal closes, growth has brought a new set of problems. We discuss some of the pain points that have come from this expanding market of small to mid-sized real estate deals. Tune in to hear how Vicinity is thinking through these challenges and learn how investors can nab this new asset class in the process.
Ep. 66 Birmingham, AL: Doug and Laurie Duncan - Taking over and leveling up a family business
Doug and Laurie Duncan join the podcast to give us a peek behind the curtain of a real-life family business takeover. They share what joys and challenges come with running a family business along with the lessons they've learned making the shift from employees to owners. We discuss how they navigated respecting and preserving the local family reputation while maintaining a steady, persistent pursuit of improvement as they prepared to take on the business. Tune in to hear how they balance family with building a better business for their kids.
Ep. 65 Vicinity HQ: Evaluating Evaluation - Analyzing business opportunity from the inside out
The Vicinity team discusses how to evaluate an opportunity by going inside the mind of a business owner. Where do you start, what challenges do you tackle first, and how do you prioritize as you go? What does it really mean to "fail fast, fail cheap" and do your investors really care? This episode digs into all these questions and attempts to give clarity around the pursuit of opportunity evaluation with a simple takeaway question: Does the business create value that's worth paying for? Tune in and tell us what you think!