Startups for Good Miles Lasater

Chris Fredericks founded Empowered Ventures, serves as president & CEO, and is a member of the board of directors. Chris has a diverse background in management, accounting and finance, business valuations, mergers and acquisitions, operations, people development, and strategy.
In 2010, he proposed and led the acquisition of TVF (www.tvfinc.com) on behalf of the employees using an employee stock ownership plan (ESOP), which enabled a successful ownership transition for the founder. After overseeing a decade of success as an employee-owned company, Chris and TVF launched Empowered Ventures (www.empowered.ventures) in 2020 to grow and diversify the ESOP through acquisition. Inspired by TVF’s transformative employee ownership experience, Chris led Empowered Ventures to define its purpose which is to perpetually create life-changing financial and personal wellbeing outcomes for its employee owners.
Chris resides near Burlington, Vermont, having relocated from his home state of Indiana in 2022. He is a graduate of Indiana University Bloomington’s Kelley School of Business with a bachelor’s degree in accounting. A former CPA, Chris started his career in public accounting in the nonprofit sector before joining TVF in 2005, where he served in various positions including chief financial officer, before serving as president from April 2010 through March 2021.
He's a graduate of Indiana University Bloomington Kelley School of Business with a bachelor's degree in accounting. As a former CPA, Chris started his career in public accounting in the nonprofit sector, before joining the company in 2005, where he served in various positions, including chief financial officer and President from April 2010 through March 2021.
We talked about the differences between a stock option plan and a worker ownership plan. Chris shared the differences between a company being worker owned and being worker managed. In addition,  we discussed the differences between that and a co-op. Also, we talked about how he leads with open book management and creates alignment among different leaders and the team in general. And, we talk about what it means for an owner to sell to a worker owned company and what it means for the workers of the company that's purchased.
“We're in a fortunate position that when good opportunities arise that the fit our profile, …, both from a returns perspective, but and also all the other critically important…, orientations or requirements we're looking for in a business, that we're able to pull the trigger.” - Chris Fredericks
Connect with Chris on Twitter @esopchris and on LinkedIn

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Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or  LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website. 

Jeannie founded Funding U to provide a responsible loan option for academically achieving, low income students who needed last gap funds to complete college, but for whom the only available options were high interest rate credit cards. Her drive to solve this problem came from a decade of working in education nonprofits in Atlanta and an understanding that a mother’s education level holds the single strongest correlation to outcomes of infant mortality, child literacy, household employment and income, and likelihood to live in poverty. 
Today, Funding U has originated $42M in affordable student loans to more than 4000 academically achieving undergraduates, 40% of whom are from families with income of $40,000 or less, and 60% are first generation 4-year college students. In 2020, the Company launched a Platform as a Service product, “Powered by Funding U,” which provides end to end data and technology solutions for organizations that want to provide outcomes based, income share repayment loan options for low income or other marginalized Americans. 
Funding U has raised ~$80M in equity and debt financing from investors including Goldman Sachs, Mackenzie Scott and Deciens Capital. 
Prior to starting Funding U, Jeannie was the first employee of the Atlanta Girls’ School in Atlanta, Georgia, where she acted as Founding Director of Admissions.  She then became Director of Development for Literacy Action and then worked for the Rollins Center for Early Literacy at the Atlanta Speech School as a Strategic Consultant. She is a currently a Trustee of Atlanta Girls’ School, served on the Emory Board of Visitors from 2017 to 2019, was a Founding Board Member of Girls on the Run, Atlanta, 1998-2001, and was the first alumna trustee of The Lawrenceville School, Lawrenceville, New Jersey, 1994-1996.
Jeannie is a graduate of Princeton University, where she obtained a B.A. cum laude, in English Literature and American Studies. 
She has launched three other successful ‘startups’  - her children, Anna, Peter, and Robert - ages 22, 21, and 18. 
Jeannie joins me today, we start at a very high level about the industry in this conversation, we get very tactical for early stage founders.

“I feel I fight and resist and tell my team to resist any binary conversations or a binary way of thinking.” - Jeannie Tarkenton

Connect with Jeannie on LinkedIn

Subscribe, Rate & Share Your Favorite Episodes!
Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or  LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website. 

David Blake operates at the intersection of the future of work and the future of politics. David Blake has spent his career innovating in formal education and lifelong learning. He is on a mission to future proof our workforce and use learning and skills to enable everyone to fulfill their personal missions. 
David is the co-founder and CEO of Degreed. Millions of individuals and hundreds of organizations use Degreed’s platform to discover and answer for all of their learning and skills. Prior to Degreed, he helped launched a competency-based, accredited university and was a founding team member of university-admissions startup Zinch (acquired by NASDQ: CHGG). David was selected as a Top EdTech Entrepreneur by the Stanford d.School EdTech Lab, sponsored by Teach For America and NewSchools Venture Fund. 
He is the co-author of the book, The Expertise Economy: How the smartest companies use learning to engage, compete, and succeed and the co-creator of the Skills Quotient.  He is a sought-after expert on the topic of the future of work and learning, speaking at companies such as Google, Deloitte, and Salesforce and at conferences globally.
David joins me today to discuss the surprising downside of curiosity, how artificial intelligence impacts learning and earning. Also, we talked about the growing skills gap, the best way to hire, how he learned to be a founder, and the book he thinks best captures what it's like to be a founder.

“I find, the best way to get started is to be intentional and to have a goal.” - David Blake

Connect with David on LinkedIn and Twitter or email David at D@davidblake.com. To find out more about David’s companies visit  degreed.com or bookclub.com.
Subscribe, Rate & Share Your Favorite Episodes!
Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website.

Nikhil is the technical cofounder of Hearth. Hearth was founded to give home improvement contractors and businesses the tools to achieve the American Dream. Hearth does this by providing an all-in-one tool suite for owners to manage their operations covering: lead management, quoting, customer financing options, invoicing, contracts, payments, and checking accounts. Nikhil has operated the business since its inception seven years ago, from individual contributor to VP level in product, data, revenue operations, and customer success. Over his time there, Hearth has grown to serve over 14,000 users, a $23M revenue run rate, and raised over $60M in venture capital funding.
Nikhil joins me today to talk about finding product market fit, how a founder’s role evolves over time. We discuss the importance of feedback loops and how to build them into your business. As well as the best advice you ever received as a founder.

“Data is an asset, and you want to collect as much of it as possible upfront to create a full profile of your customer base and really understand them.” - Nikhil Pat

Connect with Nikhil on Twitter and LinkedIn

Subscribe, Rate & Share Your Favorite Episodes!
Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or  LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website. 

Normally on Startups For Good, we interview external guests. Today, we turn the mic back around and focus on Purpose Built and what we're up to. Recently, we did a webinar called “Ready to Build. How do I know if I'm ready to be a startup founder?” 
Have you had a nagging feeling that you'd one day like to start a company or have people told you they want to work with you or for you? Perhaps you're in a moment of a career transition where you're exploring your next steps, you could consider yourself a future founder. But how do you know if you're ready? And what are the things you should consider?
I'm CEO and co-founder of Purpose Built, joined by Reini Chipman, Head of Human Capital in the webinar, and we talked about what makes a great startup founder, what common misconceptions there are and when to know you're ready. Part of what was fun for me is being able to incorporate some of the previous episodes that we've done, Episode 86 with Noam Wasserman, author of The Founders Dilemma. We referenced Alex Lazarow, author of Out-Innovate episode 20 and Ali Tamaseb, author of Super Founders episode 64. Check out that one as well. If you want to learn more about purpose built there's our website. And you can also listen to the Access Ventures Podcast that I was interviewed for their More Than Profit December 8 episode. 
Taylor’s HBR article about MVPs is online here.
Today on Startups for Good we cover:
What makes a great startupMyths about VC backed foundersCareer GoalsKnowing when you are readyFirst steps to starting a businessThe value of a startup studioThe process that Purpose Built Founders go through
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Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or a href="https://www.linkedin.com/in/mileslasater/" rel="noopener noreferrer"...

Adam Jackson is the co-founder and CEO of Freelance Labs, builders of Braintrust, the first user-controlled talent network that provides enterprises with the highly skilled technical and design talent they need.
Prior to founding Braintrust, Adam co-founded Doctor on Demand, the popular video telemedicine provider, with daytime talk show personality Dr. Phil, as well as his son Jay McGraw. Other notable ventures include DriverSide, the first website specifically designed for car owners, which was acquired by Advance Auto Parts in September of 2011 and MarketSquare, the first online local shopping destination on the Internet which was acquired by Intuit in September of 2006. Adam is a passionate Angel investor in 45+ companies including LTSE, SuperHuman, Automatic, Apero Health, Zenefits, and more.
Adam joins me today to talk a lot about marketplace dynamics in web two and web three. We also discuss how he's taken his learnings from growing his marketplace businesses before into a new world aligning incentives in the web three world we talked about compliance risks. We also talked about management challenges, and about advice that he has for founders on how to become a better storyteller.
“You have to be telling a big, powerful story, there's a disconnect with founders, it's the art of the possible. What if this could exist? How cool would that be? With VCs, It's the art of the probable. How many bets do I need to make? And what do they need to look like for me to return the fund and hopefully raise the next one? So there's, there's a little bit of misalignment there.” - Adam Jackson

Today on Startups for Good we cover:
Braintrust and it’s uniquenessHow the tokens workDifferences in extracting more value than you are providingCommon mistakes when pitching to investorsHow to approach competition
Connect with Adam on LinkedIn

Subscribe, Rate & Share Your Favorite Episodes!
Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.
Don’t forget to visit our website, connect with Miles on Twitter or  LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website.