When it comes to Silicon Valley, investors tend to pay attention to promising technology companies. Yet, beyond this sector lies an abundance of community-oriented startups and specialty food businesses struggling to convene large amounts of capital. Fund Good Jobs, a non-profit investment organization based in Oakland, aims to change that.
Their focus is simple–invest in high growth entrepreneurs whose business model facilitates job opportunities for the Oakland community. Unlike a bank, Fund Good Jobs focuses on organizing financial resources and extends tailored investments ranging from $100,000 to $2 million.
“We learned that companies were able to access small amounts of capital, but not amounts above $250,000. So, they were below traditional return, but above the micro-stage Kickstarter phase,” says Sean Daniel Murphy, president of Fund Good Jobs.