Jul 16, 2018 | Season 1
In this episode, Jalen Gildersleeve talks about MindHak’s revolutionary mental health and emotional development support technology, and how to use AI for good.
- 2:00 This Bot Knows How You Feel | Learn how the MindHak app can learn your emotional patterns and beliefs to provide tailored content and resources to support your emotional maturity.
- 6:00 Self-Compassion and the Global Goals | Learn the 3 tenants of self-compassion and how having all 3 contributes to the UN Global Goals.
- 16:45 What’s Up with the Business Model? | Jalen talks about the three phases of their business model, and how they will collect enough human emotional data to power their algorithm correctly.
- 26:30 Creating an Exponential Technology from Scratch | Jalen has 2 key recommendations. Get mentors, and get your ideas on paper.
“MindHak is a mobile app that helps everyone get access to mental health resources. We help people learn self-compassion, emotional maturity (which is emotional intelligence with integrity), and emotional resilience using AI technology.”
MindHak uses a chat box to help people interact with the technology, and then the tech analyses what the person says and provides resources that apply to them.
“The way cognitive behavior therapy works is that they would just recondition the way you think about a scenario… the way we plan on using the technology is that we use AI to have you realize that you’re reacting based on a presupposition or a cognitive bias.”
MindHak can create a scenario that includes your presupposition, to help you recondition the cognitive bias and not react to scenarios like in the future.
AI Accuracy Via Chat
The bot you chat with learns your emotional habits and learns when it’s assessments are accurate or not. You can rate the bot’s response, so it can provide you with the most personalized content.
“We’ve taken the world’s leading research from Yale Center for Emotional Intelligence and UC Berkley… and we’ve realized you can moderate your behaviors to become better.”
People don’t know they can get support, and they don’t know how to access those resources.
“We’ve tried to create the ideal support system cybernetically.”
The 3 Tenets of Self-Compassion
- Self-kindness versus self-judgment: the first step to a healthy EQ.
- Common humanity versus isolation: how good of a teacher have you had to learn how to suffer?
- Emotional resilience: how to deal with suffering powerfully, and turn it into strength
“It comes from a lot of personal experience. I’m from one of the slummiest towns in the country. Everbody knows about Flynt. It doesn’t have water. But that doesn’t reduce my IQ. It has given me so much strength.”
Jalen talks about the way the Global Goals have unified people to solve big problems that he sees are totally possible to solve. He mentions goal number 16 as his target goal (Peace, Justice, and Strong Institutions). Jalen sees emotional violence as the core problem of any physical violence.
He also talks about goal number three, which involves mental health issues. “One in five people suffer from depression globally. We’ve made great strides in terms of technology, but in terms of humanity we’ve got a ways to go.”
AI and Neural Networks
The computer has a learning curve. When you gauge how accurate each response was on the 1-10 scale, the machine learning corrects your algorithm to know what you need more and more accurately.
“Our app helps you understand what morally is aligned for yourself. We provide resources to you, but we can’t tell you how to process those resources. It’s like having a best friend with a lot of resources.”
“I designed it for myself originally, selfishly, because I couldn’t afford a psychologist.”
Public Benefit Corporation
MindHak is about to enter their Beta app launch and just incorporated as a Public Benefit Corporation (PBC). The PBC incorporation allows for more transparency as a company and visibility as a research source.
“It’s like a new age nonprofit.” Jalen laughs.
Three Phases To Upgrade Planet Consciousness
Jalen breaks down the business model into 3 phases.
- Help 10,000 people: First, we’ll help 10,000 people in halfway houses, foster homes and homeless shelters. Those people are more volatile in their experience of trauma and emotional expression, so MindHak can create solid data on human emotional patterns.
- One-for-One: After that, MindHak will be able to implement a one-for-one model, where people who can pay for the app will provide access to someone who needs emotional support but cannot pay for it.
- Preventative measures: Then, MindHak will take a more preventative stand with HR companies and corporations.
“We plan on raising the consciousness of the planet. Once you learn emotional intelligence, you can receive knowledge from anywhere because you’re more open.”
The app will initially be $25 for life for the first 10,000 people, and that will include a whole suite of apps and tools that MindHak will continue to build over time.
They also plan to host business workshops to provide authentically preventative mental health support for their employees.
“We need to focus more on how to help technology help people.”
How to Create Exponential Tech from Scratch
Jalen recommends two things strongly.
- Find a team of members. People will want to help you, so be humble about it. Your idea is not about you. Make sure it’s an idea you truly believe in that you’re not willing to give up overnight. “I have five advisors.”
- Do great documentation for your app. Create an executive summary, wireframe or business model to poise yourself to get the right resources. “Get as much as you can on paper,” Jalen says.
- The power of EQ in the Global Goals. The goal is not to make perfect people, but to make more resilient people who can react to challenges powerful.
- Machine learning isn’t scary! Machine learning is a powerful tool to forward human development, and it’s pretty simple to understand after hearing Jalen talk about it.
Jul 9, 2018 | Season 1
After starting social impact work at 16 years old, Nelli Garton has valuable insight on the value of social good ventures. In this episode, we’ll hear her speak on the social impact investment platform she started to address the problems she saw.
In this Episode We Cover:
- 2:00 Nelli’s background and story into becoming an impact investor.
- 11:15 Learn about the transition into building out the impact measurement company, Tablecloth.io.
- 15:15 How the basics of the technology work behind the scenes of Tablecloth.io.
- 23:00 The current stage of business that Tablecloth.io is in and what’s next as they scale.
- 27:00 Understand the mindset as they looked at the decision of whether or not to bring in investors.
- 29:30 How they see Tablecloth.io participating in the Global Goals.
Nelli and her team were awarded 10 million dollars to build an academic center, where she studied how philanthropy and social impact companies interact. After she moved to San Diego, she began studying the struggling communities that nonprofits focused the most efforts. She noticed the lack of infrastructure and resources posed deeper problems than nonprofits could solve.
Nelli began teaching people how to invest rather than donate and give grants. She wanted to create a conversation between investors and philanthropists, to see how money moved through San Diego.
Nelli has a PhD in impact measurement, and she’s passionate about using philanthropic and investment resources responsibly. Nelli noticed a few key points to avoid wasting investment dollars:
- We need to measure who participates in impact fundraise campaigns and how much they contribute
- We need to have “process evaluation measures” to answer: did we use the resources effectively?
- We need to measure what kind of change occurred, and how much change occurred.
The world of raising funds or donations for impact projects can be a shared ecosystem, from Nelli’s perspective. In order to build that ecosystem she committed to find best practices and common needs between both parties.
Tablecloth.io helps companies capture impact measurement information and use it to improve their ROI. If data doesn’t change your direction or decision making, then what’s the point of gathering it?
“We like to say, we don’t write a final report, because it’s never done. We want everyone to be able to be an evaluator, to understand the impact of what they’re doing.”
What the Tablecloth.io community is seeing is, “Wow there are way more organizations addressing the problem I’m solving than I realized.” So, these organizations start to meet and join forces to solve the social and ecological problems they’re committed to impact.
Qualitative Storytelling Data
“Data without context is just noise.” Nelli says.
the Tablecloth.io platform allows users to collect quantitative and qualitative data:
- Quantitative data: The numbers, percentages, and growth metrics
- Quantitative data: Videos of an incident, on-the-ground photos, and the context of the Qualitative data.
This way, users can see which numbers are relevant to their growth and which types of data they should focus on.
The Platform and Business Model
The platform has 2 sides: the technology and the consulting services.
The product is a SAAS based model with 3 components:
- Data collection tools like surveys, software data scraping
- Data dashboards to visualize the data
- Group creation for conversations around certain kinds of data, to create engagement.
Tablecloth is a functioning product with several clients using their consulting service. Their clients are early adopters who are beta testing their software. The company is moving from beta phase to launch phase now and has used investment sparingly.
“We’ve thought a lot about who are the right investors for our company,” Nelli says.
The company values their direction and goals over the profit they could make with the wrong investor. The best fitting investors for Tablecloth are impact investors with a portfolio of companies, where the portfolio is comprised of companies working toward the same impact goals.
Addressing the Global Goals
Nelli and Chandler talk about how nonprofits have played into the Global Goals, and how Tablecloth.io can forward the goals.
In San Diego alone, thousands of nonprofits start up every year. “Couldn’t we just collaborate more?” Chandler says. With data, companies and nonprofits can track and measure where resources should be allocated and who is making the most progress. Collaboration to do what works becomes much more efficient than a new nonprofit for each angle of a problem.
- You can start anywhere. Nelli’s started when she was 16, and followed her curiosity!
- Measuring impact is not easy – but it’s critical. How do we measure tough and sensitive topics accurately and holistically?
- If you have a business, how are you measuring your impact?
- As an impact investor, how is your investment actually performing against your goals and the company’s goals?
Jul 2, 2018 | Season 1
In this episode we cover:
- The story of how Keoke and the team at Participant. Life got started in the Wheelchair industry and what they’re set out to solve.
- The current status of the wheelchair industry.
- Understand the basics of how the Participant business model works and their plan to scale.
- A 101 on 3D Printing, the benefits of building a company using 3D printing, and an overview of how the cost structure works.
- A high-level look at where Participant is now with their business and what’s next.
- Quick collaboration on brainstorming what it will take to fully support all 70 million with those without wheelchairs.
“Participant is about participation for people with disabilities. We believe everyone everywhere can have the assistive products they need to participate in society.” Koeke says.
The company will be the first B Corporation medical device company, with their innovative social impact business model around 3D printing medical devices.
The vision of the company is for the 70 million people who need a wheelchair can get what they need. Since wheelchairs are expensive, the supply and demand has been non-existent in emerging markets. Once a government subsidizes medical devices, an emerging market country can shift their access to medical devices dramatically.
Koeke’s Grandmother was disabled for most of her life as a result of a mistreated fracture when she was young. He noticed how cumbersome her environment was, and not at all conducive to wheelchair access. After observing her struggle, his brain went to work. “I have a knack for design and thinking about how to make systems better.”
Once he got into 3D printing, Koeke realized he could solve some of the problems he saw his Grandmother facing. 3D printers could print assistive devices to make better quality wheelchairs available to more people.
The Business Model
Participant sells high-end wheelchairs to western markets that fit in the trunk of a car and are durable. They do not price the wheelchairs based on Medicare suggestions, they choose the price based on their costs. And, since they sell direct to the market rather than through a medical device provider, they can make the wheelchairs more affordable.
The wheelchairs sold to emerging markets sell for about half of the price of US-sold products. Local NGOs subsidize the devices and then governments begin to catch on. Once governments are subsidizing medical device purchases, Participant has broken into the new market.
Though Participant does sell directly to the consumer in the U.S., they do not sell directly to consumers in emerging markets. Parents require training for how to use and maintain the wheelchairs. Selling to NGOs and government organizations in these markets allows them to distribute and train families.
With 3D printing, Participant can now:
- Save time on manufacturing
- Print in small batches, rather than manufacturing large wholesale batches
- Print small batches for introductory demand in new markets
- Use top materials for wheelchairs that are produced quickly
- Complexity and customization is not a problem with 3D printing, whereas manufacturing limits custom styles and options.
- Reduce cost for production: $30 million investment to build a manufacturing plant vs several hundred thousand to build a 3D printing hub.
How Participant will Grow
Medical device companies don’t typically raise investment, so Participant has a plan B. After launching a crowdfunding campaign in a new market, Participant can presell product and sell enough to get the attention of local governments.
That way, even if governments do not buy in, the cost of entering emerging markets is subsidized by selling to higher priced markets. If the governments and nonprofits do buy in, then Participant can set up pilot projects to build trust in the country.
- The power of 3D printing. Participant can produce this equipment at 30% of the cost of regular wheelchair production!
- If you have a product-based company, are you prepared to be disrupted by 3D printing?
- The role of governments and NGOs in entering an emerging market. Participant is taking multiple setup steps to earn the trust of governments and NGOs, and also to prove the value of their product.
- New ways to measure KPI’s for an impact company: The participant team measures the number of additional days a person can participate in society by using their products.
Jun 25, 2018 | Season 1
Patrick Kronfli has his 10,000 hours creating successful global movements around the world. In the last six years, Unify has created movements involving 10 million people over 15,000 cities, in over 150 countries.
Unify has completed events impacting multiple Global Goals, and now they are building a tech platform to allow other people to start movements. Listen in to find out how you can join a movement or start one on your own.
In this episode we cover:
- The story of how Unify was created and how it lead to their tech platform to inspire the world to create or join a movement.
- Learn about how their tech platform, RISE, works along with the business model behind it.
- Global Sisterhood Movement – Every new moon, thousands of soulful women in 80+ countries gather in Sister Circles to connect to their truths, empower one another, and catalyze the transformation and progress of our world
- Global Goal 5 – Gender Equality
- World Peace Day – World Peace & Prayer day has been a unifying moment for indigenous traditions since 1997. UNIFY has coordinated and supported indigenous nations uniting at sacred sites around the planet, leading up to a global synchronized ceremony.
- Global Goal 16 – The industry of Peace, Justice, and Strong Institutions
- A high-level look at where RISE is now with their business and what’s next.
What is Rise?
Rise is a certified B Corporation in San Fransisco and Austin Texas. The training offers tools to show people how to host their own movements and events.
Patrick started in the field of movements by following his passions. He had started a solar energy business but was restless to work on a project he was more passionate about, so he started exploring his options. After talking to friends in Austin, they decided to organize a meditation at the Austin state capital, and as they hosted meditations people started coming.
After the second event with 800 people, other cities started catching on. 7 cities hosted meditation flash mobs the following month, and then 18 cities after that. The movement grew to 250 cities after 8 months, and then when the occupy movement happened 150 more cities joined in just 2 more months. This meditation movement became a nonprofit called Unify.org.
Now, anyone can log on to Rise platform to organize people and campaigns in 17,000 cities.
The Science of a Movement
Here’s what it takes:
- cvv Passion and inspiration. The leader has to care about it.
- Other people have to care about it too. “A movement is just a movement of energy, its a wave of passion that moves through a group of people.”
- Dedication to follow through
- A true movement is an inspiration to create something new that makes everything before it obsolete, like Buckminister Fuller said. So a movement doesn’t need to be resisting or removing anything, it must be creating something.
- A movement requires organization: communication, infrastructure, and systems to help ideas and people organize. Technology, PDFs, communication platforms, and team leaders are important.
- A movement must have clear goals and outcomes.
The point is to get people together to share one voice around an idea. For some, the goal is to change legislation by the power of one voice, some movements have a goal of a shared emotional and values-driven experience.
How Rise Works
Right now, Rise is building several movements themselves on their platform. Once those movements have been built on the tech, the platform will open for regular uses to search movements and participate, or create their own movements. All the marketing tools are available through the rise platform: a landing page with photos and a video, and actions that everyone can take to participate in the movement. Each movement page shows a map of events to show how and where to participate in these movements. Movement organizers in other cities can collaborate around the same movement with sub-location pages and an interactive map.
“So, if you don’t like what’s going on with client change, you’re now responsible to do something because you can start a movement on this platform. Rise puts people into action. Let’s stop talking about it, and let’s start acting about it.” Chandler says.
Each movement that the Rise platform hosts has a free option to participate, and then to deeply engage and receive training to lead in your area, the platform costs $19 per month.
“This is something that naturally happens for me rather than what I chose. That’s important – follow whatever you’re inspired by and take the very next action toward what inspires you. When we started the meditations, we didn’t know it would grow. We did what we were curious and passionate about, and it became a movement. A movement is just a term for a group of people with a common passion coming together to do it together. So, it has to start from passion.”
Patrick says he loves change and growing his own boundaries, so it’s natural for him to want to grow impact messages and participation to as many people as he can.
On the Rise platform currently, there is a global Sisterhood movement that allows women to embody their femininity and encourage each other. This group empowers the Global Goal around gender equality. There’s another movement coming out about peace, which is a 100 million person synchronized meditation movement. “Because developing inner peace is the way to create peace in the world,” Patrick says. Global Goal 16 is Peace, Justice and Reduced Violence Everywhere.
“I feel that human beings are growing into the belief that if we take care of ourselves and the people around us, and start to understand that innovation will create enough resources for everyone. The problem is that we have so much tension, anger, and frustration inside of us, and that’s why it expresses in unhappy lives and global conflicts.”
People to People
The interaction aspect of movement building makes the most difference, from Patrick’s perspective. That human interaction is the one thing humans crave, and to come together around a common goal provides connection that the world has been waiting for.
Currently, Rise is building 3 different movements and building their team.
- How movements work – a group of passionate people following their inspiration.
- Now they’re helping others accomplish the same impact they accomplished.
- Teaching other people how to lead can grow as exponentially as a new technology.
- Patrick challenges us to solve a problem, get people involved, start taking actions together and THEN look for a platform to grow it.
Jun 15, 2018 | Season 1
HeroX allows people to get involved with global projects, and allows groups to crowdsource problem solving around their projects and organizations. This means anyone can tackle a challenge they care about, no matter their skill set.
In this episode we cover:
- How the HeroX platform works and why crowdsourcing is so powerful to solve critical challenges.
- Examples of crowdsourcing from the invention of the modern cue ball to Elon Musk’s Hyperloop project.
- Lego’s crowdsourcing platform
- The three different kinds of talent to consider when bringing on people to help solve your company’s challenges.
- A high-level look at the HeroX business model and current projects he’s focused on to scale users.
How you can bring a challenge idea to HeroX and get help with funding to get a challenge live to tackle the Global Goals.
“After I built 3 businesses I realized how boring it was to build typical businesses. I wanted to ‘lose sight of land’ while building a business. I met Peter Diamonds, the founder of X Prize, and we decided to build a tech platform that he had been incubating.”
Just like making videos and getting visibility was hard before YouTube, the HeroX platform is making Global Goals projects accessible to anyone.
The crowd can do anything. “So, should we call it crowdsourcing? Crowdfunding? Crowd strategies are hiding in plain sight, like we see on Twitter,” Patrick says. When Elon Musk put out his idea for the Hyperloop, over 600 startups started to take on the idea and build it. Now, he runs a contest every year on his test track. He offers a reward for the fasted pod on his mini-hyperloop, and through awarding prizes he’s able to leverage the crowd to innovate transportation.
The longitude prize was offered in 1740, where the king offered a prize for someone to create accurate timekeeping. Q-balls used to be made out of ivory, but the year billiards became a popular game was the year a billiards company awarded a prize to create a synthetic !-ball. Canning was invented when Napoleon awarded a prize to the person who could solve his troop’s food preservation platform.
Nowadays, companies like Lego and Frito-Lay crowdsource what products they will put out next. “It’s hidden in plain sight,” Patrick repeats.
Crowd Sourced Models
Once you find a small crowd interested in a topic, you can ask for feedback in a gamified way. For example, Boeing has gamified the creation of automated sky taxis to fly people around without drivers. They decided to source ideas for their technical problem solving from the crowd, and they have recruited over 600 teams. So 600 pedestrian teams are getting mentorship and participation in Boeing.
NASA uses our service repeatedly to solve some of their less technical problems. They’ve learned the power of the crowd in solving problems creatively rather than through the typical specialists and rocket scientists who look at problems in a very certain way. Now National Geographic is rebooting their brand to Nat Geo, to serve millennials and update their brand. They’re discovering what the next generation of National Geographic will be by asking the crowd what they want from the publication.
The Business Model
Historically, this has been an expensive consulting model. HeroX democratizes crowd-sourced ideas. So, the model of our platform is a pay for success model. HeroX takes a percentage fee on the projects that are successfully funded.
The platform also includes a service team that users can pay to help with design and marketing. “Our goal is to be a platform that is completely self-serving.”
There are three forms of labor, Christian says.
- Employees: Your long term value engines.
- Freelancers: A managed resource. This works well when you know what you need.
- Self-Managed Resource: HeroX offers solutions for the hiring issue, “I know the problem but I don’t know the solution.” This is nonlinear problem solving, and it’s great to outsource to the crowd.
“Our platform has an 86% success rate, which is pretty good considering people are posting ideas that they don’t know how to solve,” Christian says.
HeroX tracks each challenge and helps the ones that are not getting the attention they need.
How Will HeroX Grow?
Last year 14 million dollars of projects came on the platform, and HeroX intends to grow that number exponentially. This usage occurred with no marketing, just with a bootstrapped lean model. Once they start their marketing initiative and reaching out through their network, they will grow to their next phase.
And of course, the team is posting the problem of growing the platform onto their own platform, to get innovative options for expanding their reach and services.
The Global Goalscv
HeroX has an embedding ability so that you can embed your challenge on your website, and call it anything. It’s your challenge. This means you can use the platform to leverage the crowd for anything – including projects that address the Global Goals. When logging on to the platform, you can search and choose promising projects that you’re passionate and offer ideas, support, sponsorships, and funding.
Many of the prizes offered are brand-backed funding because brands want to associate with successful and innovative ideas.
HeroX is also partnered with several crowdfunding platforms, so projects can get funding based on success. “You get your money back if we’re not successful or if we don’t make an impact.”
- Bringing on talent can look like asking the crowd what to do next.
- Test the platform with your next business challenge!
- Reach out to Christian on Twitter @ChristianGC
Jun 15, 2018 | Season 1
Sandeep is an Angel Impact investor who currently consults MongoDB to manage their databases and invest in promising projects. In this episode, find out what it takes to invest in technology companies to make a difference. And if you’re a social impact entrepreneur, listen in to hear what technology investors are looking for.
In this episode we cover:
- The story of how Sandeep became an angel impact investor.
- The mindset shift into investing into socially driven companies and his background in investing.
- Companies he is currently invested in and which Global Goals they cover.
- ECOR Global – The Responsible Consumption Company that Sandeep works with.
- Cascadian Farms – Local Farms Creating Organic Products, Sandeep works with them as well.
- How impact investing will play a part of the global goals.
- The case for how blockchain can revolutionize the way we will consume products in the future.
Sandeep started investing through stock trading. He started at the Ernst and Young office consulting financial institutions to optimize their technology costs. He traveled a lot, and after 3 years he realized it wasn’t worth it to be away from his family that much.
Sandeep learned to love impact investing after giving to charities and realizing he didn’t know what impact his funds were making. With proven technology or promising technology companies, Sandeep can give to projects he cares about and also track and mentor the companies he invests in.
The Cool Companies Sandeep Invests In
“I actively scope out companies like Cascadian Farms. They have a really cool program where they are incentivizing children to plant flowers and grow the bee population.
…I don’t wait for entrepreneurs who are looking for help and capital. Everyone needs help, and everyone wants to grow.”
Sandeep talks about a company his wife is working on, too. Their company sources ethically grown tea leaves. This tea company is unique because they produce teas like Chai that don’t have the chemicals that most manufactured teas contain.
Sandeep says he doesn’t know very many social entrepreneurs, and the values-basis of his investing choice gives him the freedom to work with all kinds of companies. “Anyone that has children and are involved with their children, they are more likely to meet people that are doing good things for society.”
Exponential Tech and The Global Goals
“There’s so much due diligence that has to go into any company, exponential companies included,” Sandeep says. For example, in a study of Prius vs BMW environmental impact, it turned out that the amount of sulfur and noxious gases produced by Prius batteries outweighed the gases produced by making an entire BMW. “So, we have to be careful about misinformation,” Sandeep says.
Though we may think our iPad saves trees, it takes a deeper look to see whether the rubber on the wires and the glass production is actually worse than the environment than paper.
In food production, BHT is a chemical used to preserve food. It’s banned all over the world except in the US. BHT causes ADD, and we don’t even know about it. We’re more aware of food sourcing though, Sandeep says, since people rarely think about where their computer comes from.
Impact Investing and Accomplishing the Global Goals by 2030
“It takes one bad president or prime minister to mess it all up,” he says. Something like the Paris Accord can reduce motivation to make ethical business decisions instead of ROI-based decisions.
The other element besides legislation is consumer preferences. Once consumer demand moves toward responsible production, the market will shift. Currently, people don’t think twice about where their iPhone screen is produced, or the labor laws around outsourced technology production.
Companies can be incentivized with fines for poor production standards, which some companies are taking on. But if the economic drivers don’t believe in global warming, then the industry will continue to steamroll the environment.
Increasingly, sustainable products and technologies are outsourcing to Europe because the leadership there believes wholeheartedly in Global Warming.
“If Amazon came up with the Amazon Standard of Environmentalism with a blockchain and their own currency, they could compel every industry globally to source their materials ethically. I’m hoping I can get to the right people over time and start influencing them to make the world a better place.”
- The challenge to inquire about the sourcing and operations of companies you might invest in. Look at the entire supply chain. What is best for the planet?
- How can technology like Blockchain enable us to increase production standards? Step up your transparency game now, before blockchain adoption forces transparency ahead of your company.