E108: Liz Kukka: Purpose Impact Lending Fund
Female VC Lab
| Barbara Bickham | Rating 0 (0) (0) |
| femalevclab.com | Launched: Dec 13, 2024 |
| Season: 2 Episode: 107 | |
Exploring Innovative Funding Structures for Affordable Housing: Insights from Liz Kuka
Welcome back to the Female VC Lab Podcast! In our latest episode, we had the pleasure of speaking with Liz Kuka, CEO of Purpose for Profit. Liz shared her unique perspective on venture capital, affordable housing, and the innovative funding structures her organization is pioneering.
Who is Liz Kuka?
- Name: Elizabeth Kuka
- Title: CEO
- Fund: Purpose for Profit
The Motivation Behind Venture Capital
When asked what inspired her to become a venture capitalist, Liz succinctly stated, “Money makes the world go round.” She believes in deploying capital to projects that can create real change, empowering people to bring their visions to life.
Purpose for Profit: A New Approach to Funding
What is Purpose for Profit?
Purpose for Profit operates as a tokenized lending fund, focusing on providing below-market-rate loans to businesses that are developing affordable mixed-income housing. Here’s how it works:
- Funding Mechanism: Individuals can purchase tokens, with 85% of the funds raised being deployed to loans for affordable housing projects.
- Types of Loans: The fund starts with construction bridge loans, addressing a significant gap in the market where traditional lending often falls short.
Transparency and Accessibility
Liz emphasized the importance of transparency in fund management. By leveraging blockchain technology, Purpose for Profit aims to provide:
- Real-Time Reporting: Unlike traditional funds that may take months to generate reports, stakeholders can access real-time data on asset management and loan progress.
- Simplified Investment: Instead of navigating complex legal documents, participants can engage through a straightforward token purchase backed by smart contracts.
Addressing Challenges in Affordable Housing
Liz pointed out that many nonprofits struggle with fundraising and face donor burnout. She highlighted the potential of cryptocurrency, which currently exceeds $3 trillion in market capitalization, to create new funding streams for affordable housing initiatives.
Why Focus on Affordable Housing?
Liz believes that safe and affordable housing is a crucial determinant of economic stability and educational outcomes. She noted that:
- Housing Impacts Life: Without a safe place to live, individuals face significant barriers to education and health, affecting their overall quality of life.
- Philanthropic Support: While many philanthropic efforts focus on education, Liz advocates for equal attention to housing as a foundational element of community well-being.
The Future of Venture Capital
Looking ahead, Liz predicts that venture capital will evolve significantly in the next two years. Key trends to watch include:
- Rise of Digital Assets: As younger investors become increasingly involved, the use of digital assets will lead to faster capital deployment and liquidity.
- Need for Education: With new money entering the market, there will be a heightened need for education on due diligence and risk management to ensure informed investment decisions.
How to Connect with Liz Kuka
Interested in learning more about Purpose for Profit or connecting with Liz? Here are the best ways to reach out:
- Website: Purpose for Profit
- Email: Liz@purposeforprofit.org
- LinkedIn: Find Liz on LinkedIn for professional networking.
- Twitter: Follow her on Twitter at @venture_this.
Conclusion
Thank you for joining us in this insightful conversation with Liz Kuka on the Female VC Lab Podcast. Her innovative approach to funding affordable housing through Purpose for Profit is a testament to the power of combining technology with social impact. Stay tuned for more episodes where we continue to explore the intersection of venture capital and meaningful change!
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Episode Chapters
Exploring Innovative Funding Structures for Affordable Housing: Insights from Liz Kuka
Welcome back to the Female VC Lab Podcast! In our latest episode, we had the pleasure of speaking with Liz Kuka, CEO of Purpose for Profit. Liz shared her unique perspective on venture capital, affordable housing, and the innovative funding structures her organization is pioneering.
Who is Liz Kuka?
- Name: Elizabeth Kuka
- Title: CEO
- Fund: Purpose for Profit
The Motivation Behind Venture Capital
When asked what inspired her to become a venture capitalist, Liz succinctly stated, “Money makes the world go round.” She believes in deploying capital to projects that can create real change, empowering people to bring their visions to life.
Purpose for Profit: A New Approach to Funding
What is Purpose for Profit?
Purpose for Profit operates as a tokenized lending fund, focusing on providing below-market-rate loans to businesses that are developing affordable mixed-income housing. Here’s how it works:
- Funding Mechanism: Individuals can purchase tokens, with 85% of the funds raised being deployed to loans for affordable housing projects.
- Types of Loans: The fund starts with construction bridge loans, addressing a significant gap in the market where traditional lending often falls short.
Transparency and Accessibility
Liz emphasized the importance of transparency in fund management. By leveraging blockchain technology, Purpose for Profit aims to provide:
- Real-Time Reporting: Unlike traditional funds that may take months to generate reports, stakeholders can access real-time data on asset management and loan progress.
- Simplified Investment: Instead of navigating complex legal documents, participants can engage through a straightforward token purchase backed by smart contracts.
Addressing Challenges in Affordable Housing
Liz pointed out that many nonprofits struggle with fundraising and face donor burnout. She highlighted the potential of cryptocurrency, which currently exceeds $3 trillion in market capitalization, to create new funding streams for affordable housing initiatives.
Why Focus on Affordable Housing?
Liz believes that safe and affordable housing is a crucial determinant of economic stability and educational outcomes. She noted that:
- Housing Impacts Life: Without a safe place to live, individuals face significant barriers to education and health, affecting their overall quality of life.
- Philanthropic Support: While many philanthropic efforts focus on education, Liz advocates for equal attention to housing as a foundational element of community well-being.
The Future of Venture Capital
Looking ahead, Liz predicts that venture capital will evolve significantly in the next two years. Key trends to watch include:
- Rise of Digital Assets: As younger investors become increasingly involved, the use of digital assets will lead to faster capital deployment and liquidity.
- Need for Education: With new money entering the market, there will be a heightened need for education on due diligence and risk management to ensure informed investment decisions.
How to Connect with Liz Kuka
Interested in learning more about Purpose for Profit or connecting with Liz? Here are the best ways to reach out:
- Website: Purpose for Profit
- Email: Liz@purposeforprofit.org
- LinkedIn: Find Liz on LinkedIn for professional networking.
- Twitter: Follow her on Twitter at @venture_this.
Conclusion
Thank you for joining us in this insightful conversation with Liz Kuka on the Female VC Lab Podcast. Her innovative approach to funding affordable housing through Purpose for Profit is a testament to the power of combining technology with social impact. Stay tuned for more episodes where we continue to explore the intersection of venture capital and meaningful change!
E108 - Liz Kukka: Innovating Purpose and Impact through Tokenized Lending
In this enlightening episode of the Female VC Lab podcast, host Barbara Bickham sits down with Liz Kukka, CEO of Purpose For Profit. Liz dives deep into her groundbreaking work with Purpose For Profit, a tokenized lending fund dedicated to building affordable, mixed-income housing.
Discover how they are leveraging blockchain technology to provide below-market-rate loans, offering a transparent and revolutionary way to fund and manage real estate projects. Liz also discusses the motivation behind their innovative funding structure, the challenges nonprofits face in raising capital, and the potential of crypto assets to make a real-world impact.
Tune in to hear Liz share her insights on the future of venture capital and digital assets, the importance of affordable housing, and her personal journey towards creating a more equitable financial system. Whether you're an investor, a tech enthusiast, or someone interested in social impact, this episode offers valuable perspectives on how financial innovation can drive meaningful change.
Key Takeaways:
- Understanding Purpose For Profit's unique thesis and funding mechanism
- The role of blockchain in real estate and philanthropic initiatives
- The impact of affordable housing on education and health outcomes
- Future trends in venture capital and the rise of digital assets
- Liz's vision for a more transparent and equitable investment landscape
Don't miss this episode packed with innovative ideas and practical insights. Listen now to learn from one of the leading voices at the intersection of finance, technology, and social impact!
Episode Highlights: Elizabeth Kuka of Purpose for Profit
Welcome back to the Female VC Lab Podcast! In this episode, we had the pleasure of speaking with Elizabeth Kuka, CEO of Purpose for Profit. Liz shared her insights on venture capital, innovative funding structures, and the importance of affordable housing. Here’s a summary of our conversation.
Meet Liz Kuka
- Name: Elizabeth Kuka
- Title: CEO
- Fund: Purpose for Profit
What Inspired Liz to Become a Venture Capitalist?
Liz believes that money makes the world go round. By deploying capital to projects she believes in, she aims to empower individuals to bring their visions to life and create real change in the world.
Purpose for Profit's Mission
Purpose for Profit is a tokenized lending fund that provides below-market rate loans to businesses focused on building affordable mixed-income housing. Here are some key points about their approach:
- Funding Mechanism:
- Investors purchase tokens.
- 85% of the funds raised are deployed as loans for construction bridge financing.
- Market Impact:
- Reduces the cost of building affordable housing.
- Ensures timely project delivery.
- Innovative Structure:
- Unlike traditional funding models that require extensive legal documents, Purpose for Profit utilizes smart contracts for transparency and efficiency.
Addressing Funding Challenges in Nonprofits
Liz discussed the challenges nonprofits face in raising funds, including donor burnout. She highlighted the need for new funding streams, particularly in the context of the $3 trillion crypto market. By leveraging blockchain technology, Purpose for Profit offers:
- Transparency: Real-time reporting on fund management and capital deployment.
- Sustainability: A unique approach to nonprofit operations that allows for returns to lenders, challenging the misconception that nonprofits cannot be financially viable.
The Future of Venture Capital
When asked about the future of venture capital, Liz shared her vision for the next two years:
- Rise of Digital Assets:
- Increased liquidity and faster capital deployment.
- A growing number of younger investors who require education on due diligence.
- Need for Education:
- As new money enters the market, there will be a greater demand for informed investment practices to mitigate risks.
Stay Connected with Liz Kuka
If you want to learn more about Purpose for Profit or connect with Liz, here’s how:
- Website: Purpose for Profit
- Email: Liz@purposeforprofit.org
- LinkedIn: Connect with Liz
- Twitter: @venture_this
Thank you for tuning into this episode of the Female VC Lab Podcast. We appreciate your support and look forward to sharing more inspiring stories from women in venture capital!
