Aaron Miller

Aaron Miller

Provo, UT
Impact Investing • Geoff Woolley • s01e10

Impact Investing • Geoff Woolley • s01e10

How do we get more money for those who need it? Charity only accounts for less than 1% of all the money globally, and has stayed consistently flat over time. We need more ways to help people prosper.

Impact investing is a rapidly growing approach that uses capital markets to solve social problems. My guest this week, Geoff Woolley, is a pioneering impact investor with experience growing social impact companies around the world. He’ll change the way you think about traditional investing and about the good that business can do.

About Our Guest:

Geoff has been involved in impact investing and microfinance since he joined Unitus Labs as a board member in 2001. During his time as Unitus Lab’s Capital Markets Chair, he was instrumental in the launch of Unitus Equity Fund, the first commercially focused microfinance equity investment fund, and Unitus Capital, the first investment bank focused on serving microfinance institutions and social enterprises throughout Asia.

As co-founder and current board chair, Geoff launched the largest and most successful student-led venture fund in the United States—the $18.5 million University Venture Fund—and the University Impact Fund, which partners university students with top-tier impact investing firms, social enterprises, developmental finance institutions, and philanthropic foundations for real-time impact investing projects and investments. Geoff has been active in private equity investing for over 25 years, founding two successful venture funds in the United States and Europe. He pioneered the concept of venture debt and has invested in over 400 companies in his career.

Useful Links:

Unitas Capital facilitates access to capital for the business to scale, innovate, and deliver deep social and environmental impact.

Epic Ventures is an investment company working with driven entrepreneurs to build successful and lasting companies.

Patamar Capital We are a leading venture capital firm focused on South and Southeast Asia’s mass market.

Muhammad Yunus His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.

Merit leadership.com Help your team make good decisions in tough moments. With flexible delivery options, and customized versions for Health Care, Law Enforcement, Military, Cyber Security, and more—it’s easier than ever to help people make good decisions.

Pleasant Pictures Music

Join the Pleasant Pictures Music Club to get unlimited access to high-quality, royalty-free music for all of your projects. Use the discount code HOWTOHELP15 for 15% off your first year.

The Improving Mentality

The Improving Mentality

We find what we’re looking for. This is a consistently under-appreciated truth, one that applies to so many of life’s circumstances. I admit that some searches take longer than others, but our minds are like unrelenting bloodhounds. They have a powerful ability to find evidence, insights, or ideas once they’re trained on a goal. Whatever we’re intent on seeing—the good or the bad in anything or anyone—we’ll be sure that, in the end, it’s all we see.

Hence the need to train our minds to look for the right kinds of things. Here’s one approach that’s worth your while. Historian Anton Howes (upcoming guest of the How to Help Podcast) shares a fascinating discovery about the British Industrial Revolution. It turns out that all the inventors during that time, thousands of them, had a high likelihood of having been connected to other inventors. These innovators were not toiling away in isolation towards their Eureka! moment. Instead, they were rubbing shoulders and sharing ideas.

In the process they shared something more, something Dr. Howes calls “the improving mentality.” I love this concept. It’s the perspective that something can always be made better, even if in some small way. An improving mentality is a universal perspective for innovators. And its illumination spills into every dusty corner of life, revealing small tweaks or momentous inventions that are sometimes hiding in plain sight.

Since my interview with Dr. Howes—publishing on July 5—I’ve thought often of the improving mentality. There are so many moments of our daily routine that have room for some new, better way. It’s an eye-opening perspective, one that we ought to spread as much as we can. In the spirit of that, Dr. Howes and a coauthor have recently proposed a new chivalric order, just for innovators. (An idea I would love to copy here in the U.S.)

I’ll have other insights by Dr. Howes to share in future newsletters, but in the meantime I’ll close with this question:

What’s something in your everyday that could be improved with a better way of thinking?


Things to Read

Ethics, AI, and Our Future

Fascinating report on the contours of AI Ethics from Pew Research: "Experts doubt ethical AI design will be broadly adopted as the norm within the next decade"

Building a More Honest Internet

This article made me uncomfortable for two reasons. One, it's scary how much of the Web is so dishonest. Two, the ideas for building a more honest Web can be just as scary.

Circles of Friendship

Here's a useful and interesting way to think about your relationships. We're not good at being everything to everyone, but maybe we don't really need to be. There’s much we can do close by.


Impact Highlight

Blockchain—the digital ledger technology behind cryptocurrencies like BitCoin—has many more uses than making sudden millionaires. One such use is in supply chains of the products we buy every day. From the time a farmer plants a seed to the moment you throw away food packaging for its trip to the dump, there are critical decisions made by thousands of people.

BanQu is using blockchain technology to track supply chains so we can have more equitable outcomes for all involved. By creating more transparency at every step, producers can get more efficiency and will have more accountability to their customers and their environments. BanQu was recently included in the Circulars Accelerator, hosted by the World Economic Forum.

Promotional Stuff

Does everyone have a right to a job they love?

This is a hard question to answer because if we should all have work that we love, then humanity is falling far short of this responsibility. This week on the How to Help Podcast, my guest is Dr. Andrea Veltman, philosopher and author of Meaningful Work. Her book was one of the most thought-provoking books I read in the last year, and I found our conversation to be uniquely enlightening.

I promise this episode will change the way you think about your work.

How to Help Podcast • Meaningful Work • Prof. Andrea Veltman

Meaningful Work • Prof. Andrea Veltman • s01e09

Meaningful Work • Prof. Andrea Veltman • s01e09

People spend most of their waking hours working. It’s no wonder that we want to enjoy our work, but that can be complicated. The world is full of dangerous or difficult jobs with low pay. How does meaningful work fit ethically in such a world?

In this episode, we’ll learn from Dr. Andrea Veltman, an expert in the philosophy of work. Together, we’ll confront questions that are guaranteed to make you think differently about your job (and everyone else’s too).

About Our Guest:

Dr. Andrea Veltman is a professor of philosophy at James Madison University, where she teaches courses in ethics and political philosophy. She specializes, among other things, in the philosophy of work and wrote the book Meaningful Work, one of my favorite reads of the past year.

Useful Links:

Meaningful Work- examines the importance of work in human well-being, addressing several related philosophical questions about work and arguing on the whole that meaningful work is central in human flourishing. Work impacts flourishing not only in developing and exercising human capabilities but also in instilling and reflecting virtues such as honor, pride, dignity,

“Universal Basic Income and the Good of Work” in The Future of Work, Technology and a Basic Income, edited by Michael Cholbi and Michael Weber (Routledge, 2020), pp. 131-150.

“What Makes Work Meaningful?” in The Philosophers’ Magazine 81:2 (2018): 78 – 83.

“Is Meaningful Work Available to All People?” in Philosophy and Social Criticism, Volume 41: Number 7 (2015).

Autonomy, Oppression and Gender (New York: Oxford University Press, 2014).

How to Help podcast episode Finding your calling Jeff Thompson Do you feel like you have a calling in life? Is there something when you wake up each day that you feel you are meant to do? If you don’t feel like you do, this episode will help you find what you’re missing.

About Merit Leadership

If you want help developing the ethical skills of your organization and its people, learn how Merit Leadership can help at http://meritleadership.com.

Pleasant Pictures Music

Join the Pleasant Pictures Music Club to get unlimited access to high-quality, royalty-free music for all of your projects. Use the discount code HOWTOHELP15 for 15% off your first year.

Helping Practice

Helping Practice

Helping is a skill that improves over time

Here’s a thought about practice.

Who do you know that is especially good at helping others? I mean the person who seems to always know the right thing to say or do. Their timing is always uncanny and they have a special knack for seeing what’s really going on. Right now I’m thinking of a neighbor who fits this description.

I’ve become convinced that these expert helpers only get there one way: by practice. A desire and intention to help are part of it, for sure, but these experts also learn by experience. They’ve learned the kind of help that makes a difference. Practice enhances any skill, so of course that would be true for helping, too.

How can you become a better helper through practice? Maybe it’s by focusing on a kind of help that fits your gifts, like listening or creative problem-solving. You might practice noticing more to see how others around you could use a helping hand. You could learn more about a particular challenge that people face, like shyness or anxiety.

There’s also a comfort that comes with thinking of becoming a better helper through practice. It means we can all improve, no matter how useless we feel right now. Our failure to effectively help those we love doesn’t mean we’re failures; it just means we need more practice.

It’s become clear to me that help is a skill that improves with practice and time.


Things to Read

The Rise of Shareholder Politics

The idea that shareholders only want profits just isn’t true anymore. A nice explanation of how they expect more from the companies they own.

Against Car Supremacy

While we get enamored with electric cars in the US, much of the rest of the world is reducing their reliance on cars altogether. Micromobility is the future.

Tuskegee and the Health of Black Men

I’ve taught about the tragic Tuskegee syphilis experiment for years in my ethics class. Its impact is still seen today, decades later.


Impact Highlight

Agriculture is the primary occupation for the the world’s poorest, so improving the livelihood of farmers is especially high impact. This is true in Bhutan, as well.

Mountain Hazelnuts provides full-service support to Bhutanese farmers, helping them grow, harvest, process, and sell hazelnuts into international markets. As a for-profit venture, they’ve doubled the income of over 15,000 households and have employed over 1,000 people. They also use environmentally sustainable growing and processing practices.

Promotional Stuff

Who is your ethical hero?

One of mine is my co-author, Bill O’Rourke. He had a long and fruitful career at one of the largest aluminum manufacturers in the world, filling multiple executive roles like VP of environment, health and safety, head of procurement, CIO, and President of Alcoa Russia. Through all of it, he personally encountered just about every ethical dilemma you could imagine and consistently made the right choice.

In this week’s episode of the How to Help Podcast, Bill is going to coach us through one of the most common dilemmas that people face: you see something wrong and feel like you should intervene, but doing so is risky. Listen and learn from someone who is a fountain of good advice.

How to Help Podcast • Episode 8 • Intervention

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