Marcia Stepanek | Friday 6th November 2009
Woody Tasch is a man with a mission. The former venture capitalist-turned-revolutionary, as he calls himself, is the guru of "slow money" - the name Tasch gives to his philosophy that combines a passion for social enterprise with the benefits of locally-grown food. Tasch is the catalyst behind a new national campaign to persuade at least 1 million Americans to donate between $25 and $1,000 each to help create a grassroots, non-profit seed fund to support and grow local food businesses and family farms.
But it's much more than healthier food that Tasch is after. He is traveling the country this fall, warning that money moves way too quickly. Billions and trillions of dollars zip around the globe, he says, as if disembodied from the people who invest it. "Investors don't know anymore where their money goes and more and more, they want to see an impact for what they give in their own lives and own communities," Tasch told a capacity crowd at New York University Thursday night. Tasch said he wants to build and test the concept of something he calls "nurture capital" - a healthier and more sustainable alternative to venture capital for funding new businesses. It's time, he says, to shorten the distance between investors and their investments. It's also time, he says, to create new economic models that deliver a return but that also put community, soil fertility, and the environment at the bottom line.
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