Welcome to the A16C podcast. I'm Tani O'Nealgeen, and today we have with us, Kisha Cash, who's the founding

partner of Impact America Fund. Welcome. Thank you, Tommy. So I think today we wanted to talk about

a few things. We wanted to talk about the early stage investing landscape, how that's changed.

Obviously, the costs of starting a company are so

much lower. So that means there are more companies emerging very early. There's a lot of wealth now

that's being circulated and in the investing space. In venture capital, there's a lot of interest,

a lot of people who are maybe new to tech, don't know much about technology,

but they're interested in kind of getting into this. So you're seeing a lot of new angels and

a lot of people flooding angel list, forming syndicates. So, you know, how do you interpret that,

especially taking a focus with Impact America Fund on looking at the early

stage companies, ideally with a social impact. Tell us more about what that means to you.

Yeah, we actually, you know, our investment thesis, we're investing sort of pre or post seed stage

pre- Series A and then participating in Series A and going forward. And because of our mission,

you know, we're investing in underserved companies that impact underserved communities in America,

the types of companies and opportunities that are particularly interesting to us are oftentimes

very unfamiliar to those folks who you're talking about that have money to invest, their new

angels, et cetera. So we spend quite a bit of time educating

individuals on what this means in terms of investing in companies to impact underserved

communities in America. And interesting enough, there recently, J.P. Morgan and the Global

Impact Investment Network, Jen, released their annual survey of impact investors. So the survey says they interviewed

or surveyed 146 impact investors around the globe, and these impact investors account for about

$60 billion of assets under management. $10 billion was invested last year. And these are larger

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