(light music)
(clapping)
- Kia ora. - [Crowd] Kia ora.
- The foot hills of the Appalachian mountain range,
the Tennessee River, which is dammed repeatedly
so there's beautiful lakes there.
Y'all, can I get a y'all?
Y'all, can I get a y'all?
- [Crowd] Y'all.
- That's southern for hi y'all.
(crowd chuckles)
Key fact, 50 trillion dollars is passing hands
Key fact, 50 trillion dollars is passing hands
from my generation to your generation, younger people.
In the next three decades,
in North America alone,
it's gotta be a hundred trillion,
200 trillion globally, think about that.
Trillions is passing hands.
New generation, new values, new times,
global urgency, social, environmental, political.
global urgency, social, environmental, political.
We've gotta mobilize that money in the correct way.
Besides inheriting a decent amount of money
Besides inheriting a decent amount of money
from an entrepreneurial family,
Jews from Russia, Poland, Germany,
my people have moved around the world a lot.
Mostly to get away from oppression,
sometimes for opportunity.
So I inherited some of the benefits of a successful
next generation immigrant entrepreneur.
I became an entrepreneurial investor early on.
There was another inheritance that I got,
which was a family genetic kidney disease
that went through my father's lineage.
Most, many of those people died from that kidney disease.
I was diagnosed early and told that I could die soon
and there wasn't anything to do about it.
I didn't like that diagnosis.
I was frustrated about it.
But death is actually an excellent teacher,
keep remembering death and use it.
I thought about a lot of things
to try to deal with that diagnosis.
And the summary was
what does the kidney do, it filters the blood,
so what if I eat cleaner food,
what if put cleaner things in my body?
I translated that to the money side,
how could we possibly sustain money
that's not also on the pathway to clean?
Clean blood, clean money, longer survival for me,
but it's a good metaphor.
I inherited some privilege from entrepreneurial investor,
another opportunity came through,
an early network like this called the threshold foundation.
It was mostly people that inherited money
but some that had made money, thinking about the issues
around money and I began to get influenced
by other mentors the way that you are here,
that money could be the most powerful force
for actually doing good in the world
if we used it very intentionally.
I consider myself at this point
a social change investor.
Doing social change through
using business, money, and finance.
My next big opportunity was to work
with an extraordinary woman named Carol Noll
who had inherited a lot more money.
She wanted the majority of that put out into good deeds
in the world, while she was alive today.
She kept enough to stay comfortable
but I was invited to strategize
and deploy 70 million dollars over about 14 years,
and deploy 70 million dollars over about 14 years,
focused in our region of British Colombia, I migrated.
We did investment, activism and not for profit,
leadership and inter-skills and politics.
Ignore politics at our peril.
Ignore politics at our peril.
We were inspired by a 500 year question.
We started our work around the 500th year celebration
of Christopher Columbus' great "discovery".
That led us to a 50 year thinking.
A human lifetime, a human working lifetime,
what could we do in 50 years with our ingenuity,
our capital, and our intentions to contribute
towards a better long term future?
Natural systems were the model.
I don't think I need to explain that here.
Integrated capital is how we talked about our strategy.
Using every dollar multiple times as many times as possible
to cause good outcomes.
Today I'm part of another fellowship like this called
the integrated capital institute
which is attempting to get people prepared
for the massive amount of capital that is shifting
towards dedication to do good in the world,
but not many people are trained for this multi-dimensional
kind of work with money, including the psychological,
the emotional, and the spiritual.
What are our dollars doing right this minute
What are our dollars doing right this minute
to people and places?
Our global world religions and other forces
have allowed us, and blessed us
to ignore that question, that's not right.
Every single one of us needs to think about our purchases,
our investments, our banks, our insurance companies,
and everything that we do that can influence money.
Because at the other end of that money,
a lot of people and places are suffering,
pretty severely.
Ignoring that is wrong and it's our responsibility
to reclaim that responsibility.
When I thought about meaning and purpose,
what was I gonna do as a life of a white kid
in the south who inherited a little money
and getting involved in those things,
spending time to understand what my values,
my meaning and purpose in life actually were was essential.
We all have to do that, and we have to
revisit it regularly through life.
I was fortunate that a Green Peace activist,
the editor of the Green Peace newsletters,
gave me her kidney ten years ago.
I think that that might have come from the commitment.
The model that was available to me when asking
those questions about meaning and purpose in this era was
become a billionaire.
That's what, that's what real success is.
I didn't like that model,
but I thought the billionaire image was okay.
But how bout being a billionaire of good deeds?
How bout being a billionaire of love?
A billionaire of great relationships.
A billionaire of generosity.
That money that we have,
That money that we have,
we likely have a piece of forced labor
poisoning other people's children and starting wars.
Keep asking that question.
In my lifetime, and lots of yours here,
global population has doubled,
from under three and a half billion
to over seven billion.
That's part of the global crisis.
And that's what we're facing,
that's a really important thing we're facing
in the future and a huge challenge.
We have to move trillions of dollars
from damage and destruction to regeneration.
from damage and destruction to regeneration.
We are some of the luckiest people on the planet, alive,
because we get to have these conversations
and be in this kind of communion
and helping each other along.
We have to have a feminization of the economy,
we need an inclusivization of the economy,
and we need a spiritual evolution
that will help us, and we've had so many
wonderful speakers here to reclaim meaning
wonderful speakers here to reclaim meaning
and purpose and all parts of life to be dedicated
as our ancestors did to be ancestors of what's coming.
That's our biggest responsibility.
We've got deep green to venture capital here in the room,
a very enlightened group, again,
that makes us some of the luckiest in the world.
We each have a big role to play,
we have to have a clean, green, safe,
we have to have a clean, green, safe,
fair, economy going forward, that's our job.
Our responsibility as ancestors,
we are ancestors, whether bloodline or not,
we are ancestors, whether bloodline or not,
we are ancestors, people are studying this period.
We alive today are the first to be alive that had
the power to damage and destroy as much as we do now.
That never existed.
So civilization has advanced,
great technology, all kinds of great learnings.
But the responsibility now is heavier than ever.
We are the ancestors, they are going to be looking back
to find out what we did while we had this power,
authority, and privilege, to be sure
that there was a long term, decent future for everyone.
Thank you so much for your work,
and your attention.
(clapping and cheering)
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