S13E37: "Impact investing is broken", with Brett Simmons (CEO, Scale Link)

We're continuing our season on "business as a force for good", Richard speaks with Brett Simmons, CEO of Scale Link. Scale Link is a social venture and a first-of-its-kind secondary market for small business loans, working with more than 30 community development finance institutions (CDFIs) and having purchased over $52M in loans over the last 3 years to provide capital and additional revenue to important community organizations -  to the tune of $5.5M in unrestricted funds.

In this conversation, you’ll learn:

• Why Brett believes impact investing is broken
• The art of "execution versus calibration," as new information comes in
• Why humility is a leadership superpower

Resources/sources mentioned:

• scalelink.org
• The Impact Multiplier CEO Podcast(https://xquadrant.com/podcast/)
• Join Rivendell (https://xquadrant.com/rivendell/), our exponential programme for elite CEOs dedicated to transforming themselves, their businesses, and the world.
• Ready for a big leap forward in your own leadership? Elevate your leadership forever with Richard's book "Making time for Strategy: How to be less busy and more successful". Buy your book here: https://xquadrant.com/time/

For full show notes, head to https://xquadrant.com/brett-simmons

Timestamps: 

0:00 Intro

04:46 How to make transactions more efficient

07:55 Planning vs. Execution

09:32 Challenges in selling to different bank sizes

12:58 Structuring environment for self-discovery and growth

20:48 Addressing societal needs 

26:30 The Power of Humility