Investor Connect Podcast

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

For family and friends funding, sometimes a promissory note is used to set up a loan.

Here are some key points to consider in reading a promissory note:

  1. The note summary section establishes the relationship between the borrower and the lender, the date of the note, the total loan amount, and the agreed-upon interest rate. 
  2. The terms of repayment section defines how the loan will be repaid.
  3. The late fee options typically include a late fee penalty. This clause documents either a fixed amount, such as $100 in addition to the current payment due, or a percentage of the payment due such as 1% per week.
  4. The prepayment option may help the lender as well as the startup. For example, follow-on accredited investors might prefer a loan to be paid off prior to closing their investment deal.
  5. Family and friend loans are intended to be more supportive, so you may choose language that allows time to “remedy” the default within X number of days or weeks. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Music courtesy of Bensound

Direct download: Startup_Funding_Espresso_--_Promissory_Notes.mp3
Category:general -- posted at: 6:00am CDT

In this episode, Hall welcomes Jeffrey Cherry, Founder and Managing Partner at Conscious Venture Partners, LLC, and Founder/Executive Director of Conscious Venture Lab.

Headquartered in Baltimore, Maryland, the Conscious Venture Fund II (the “Fund” or “CVFUND 2”) is an early-stage venture capital fund by Conscious Venture Partners. The fund partners with their business accelerator the Conscious Venture Lab. The fund and the accelerator exist to train and invest in diverse and under-estimated entrepreneurs who are creating companies operating at the intersection of profit and purpose, solving big problems for cities and using technology to break down all kinds of barriers to access. 

The fund invests in companies that use societal purpose as the foundation for long-term sustainable value. The investment philosophy is built on the foundation of 30+ years of entrepreneurial experience and 16 years of research on the factors that determine which companies consistently innovate and outperform their peers. These companies operate with a specific and identifiable multi-stakeholder operating system, create value for all stakeholders and offer exceptional financial returns for shareholders.

Jeff is a frequent speaker on and writer of the topics of impact investing and new models of business. He was named a Baltimore Business Journal Tech 10 awardee in 2018, and in 2019 the Conscious Venture Lab was named one of the world's 10 greatest social impact accelerators. In December of 2019, Jeff was honored by the Vatican and the Laudato Si Challenge Foundation, with the inaugural Laudato Si Challenge Impact Award for leadership in the transformation of capitalism. More recently Jeff was just named as the 2020 Baltimore Impact Leader of the Year. Jeff serves on the board of directors of Sinai Hospital in Baltimore, the board of sponsors for the Sellinger School of Business at Loyola University Baltimore and is on the Advisory Board of the Maryland Momentum Fund. Jeff is an evangelist for the transformation of capitalism, attempting to reshape cities - like Baltimore - and lives through a more human-centered form of work.

Jeff has recently had the honor to present at The University of Maryland, The Darden School at the University of Virginia, Yale University, Columbia University, The Booth School at the University of Chicago, and The University of Baltimore.

Jeff is a recovering NCAA DIII Football player and a martial artist with a Black Belt in Tae Kwon Do and extensive experience in Krav Maga.

Jeff shares his investment thesis and discusses some of the startups the fund has invested in. He discusses what excites him now in the sector and advises startups and investors.

You can visit Conscious Venture Partners at, via LinkedIn at, and via Twitter at  

Jeff can be contacted via email at, via LinkedIn at, and via Twitter at

Music courtesy of Bensound.

Direct download: Jeffrey_Cherry_of_Conscious_Venture_Partners_LLC.mp3
Category:general -- posted at: 6:00am CDT