5 | JOEL SOLOMON – Chairman, Renewal Funds
Joel Solomon is Founding Partner of Renewal Funds, Canada’s largest mission venture capital firm at over $98M, investing in Organics and EnviroTech in Canada and the USA. With Founder/Funder Carol Newell, he spent 14 years implementing a “whole portfolio to mission” strategy as leader of her activist Family Office. As Executive Director of Endswell Foundation, Joel guided the spend down of a $20M endowment, leaving Tides Canada Foundation and Hollyhock as legacy charities, while supporting the success of the renowned BC environmental community. As President of Carol’s Renewal Partners seed capital fund, he placed $10M+ into dozens of values driven companies in BC and through their networks across the continent. Joel was active in the launch of the municipal political party Vision Vancouver, led by close friend, Mayor Gregor Robertson, the longest serving Mayor in Vancouver, and co-founder of Happy Planet Foods, where Joel served on the board for 10 years. He is co-producer of RSF Social Finance’s “Integrated Capital Fellows” program for social change investment leaders, a 2012 TEDxVancouver Speaker, a Founding Member of Social Venture Network (SVN), Business for Social Responsibility, and the Tides Canada Foundation, and recently retired Board Chair of Hollyhock. Joel is a member of the University of British Columbia Board of Governors, and Co-Author of The Clean Money Revolution, a call to action to move trillions of dollars from damage to regeneration.
Joel’s mission: “Do everything we can so people who come next have blessings we had and can do even better.”
Joel’s one-line message to the world: “Know where your money is and what it is doing to people and places. Do less harm. Do more good with it.”
- The biggest transfer of wealth in history will occur during the next 20 years
- The Clean Money Revolution is us being conscious with what gets supported by that 40-100 trillion dollars.
- A little history of money
- The perils of late-stage capitalism – the system must change
- How much is enough? Then, what am I going to do with more money?
- Every single part of society is going to go through transformation economically
- Becoming conscious of how your money is invested
- Assets should be moved into the emerging, clean economy
- The need for government to regulate us
- The necessity of a shift of consciousness
- Ideas for how to turn the world around
- The power of the individual to change the world
- Joel’s path of experimentation and discovery
- The need to find our calling that’s bigger than ourselves
- Young people are getting inspired to more intelligent financial choices
- The brilliance of what we’ve created and the loss of our ethical core
- The growth of ethical investing (impact investing)
- Universal Basic Income
- Joel’s speculation of how 100 trillion dollars could be invested to change the world
- Joel puts fair taxation as the most impacting change we can make
- The most significant issue to deal with is global warming
- Whoever does the most good wins – a campaign
- Joel’s inspirations: the Chicago riots, working with Jimmy Carter, Rex Weyler as a mentor, Save the Whale Foundation, Pacific Killer Whale Foundation (Orca Lab), Joel’s mother.
- Joel’s sister, Linda Solomon
- Recommended books: Rex Weyler’s books, “Real Impact” by Morgan Simon (Joel called it “Real Money” on the podcast), “Drawdown” by Paul Hawkins
- Women needing to be properly empowered – “Make it more fair on the planet and we can solve anything.”
- Joel’s TED talk