Skin is a new financial system that gives everyone an opportunity to invest in entrepreneurs and innovations that will impact all our lives. Skin uses storytelling, entertainment, and experiences to aggregate millions of new investors into a safe regulated fund, creating a new source of unbiased capital for growing and innovating businesses. It is an inclusive, full participation system because we all have skin in the game.

Purpose

Venture capital is the most powerful force in our global economy and yet it is the greatest driver of inequality, poverty, and despair.  Skin founder Nicole Loftus created Skin to change this game.

Nicole witnessed first-hand the predatory behavior of venture capitalists.  Over the last eight years, Nicole and her talented team have built a sustainable new system for 1) funding founders that create jobs and economic opportunities, 2) fueling innovations that impact all our lives and 3) giving access to all so we have healthy communities everywhere.

We are all in this together.  From the job seeker to the consumer, the big brand to the small business, we all have skin in the game.

Nicole Loftus

SkinX , SkinX LLC

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

SkinX is committed to building stronger, healthier communities by supporting small businesses across the US and creating 1,000,000 jobs five years from the day our first investment is made.

Objectives

SkinX plans to use the Locker tracker to record every job created through SkinX supporting businesses, portfolio companies’ supply chains, in their communities and by their service providers.  SkinX also tracks the # of jobs created by our company’s activities in operating our own business including our service providers and our communities. SkinX tracks each job in Quin, shares these stories on our site, shares the data monthly in our dashboards and in our quarterly report.  

Metrics & Targets

SkinX is focused on funding growing businesses with 20-99 employees which according to Census.gov defines the largest group of firms in the U.S.  Per data from the NVCA if a firm of this size receives an investment of $750,000 or more, they will create on average 20 full time jobs in each firm.  SkinX is targeting $1 million investments in 3,498 businesses.  Each business will also track and report via Quin the jobs created within their supply chain and service providers.  According to the SBA data, each small business firm that grows year over year for three years creates 35 jobs.

A new job is defined by a new hire, an individual starting part-time or full-time work in exchange for compensation.

SkinX fund will launch by the end 2022.

 

 

SDG Focus Area(s):

Summary

SkinX is committed to expanding the opportunities of venture capital to all by ensuring that at least 65% of the jobs created during the first three years of operation will be in the 47 states that have been ignored by traditional venture capital.

Objectives

Most venture capital goes to California, Massachusetts, and New York.  The other 47 states and the 264 million Americans who live there have been shut out of all the economic opportunities created by funded founders. Sourcing deal flow that is diverse in location is essential to a healthy portfolio.  Funding businesses in all 50 states is essential to a healthy national economy and all that comes from equal economic opportunities for all, a.k.a. inclusive capitalism.

Metrics & Targets

SkinX has created a deal flow engine that sources investment opportunities from 3,672 organizations located all 50 states.  This will ensure that SkinX is funding businesses in many locations – our investment teams will also be sure to diversify locations in our portfolios.

The Locker and our portfolio management software Quin will track this activity in detail and report it to leadership in real time on dashboards and in monthly reports.

SkinX fund will launch by the end 2022.

SDG Focus Area(s):

Summary

SkinX is committed fueling more than a thousand innovations in the three years after the first fund is launched and of those innovations more than 75% will be in the clean energy, environmental, healthcare or sustainability sectors.

Objectives

SkinX will use its first fund to fuel business creating innovative products to help create a more sustainable and inclusive economic system.  

Metrics & Targets

To achieve this commitment SkinX has created a deal flow engine that sources investment opportunities from 3,672 organizations located all 50 states and more than 150 venture funds that focus on clean energy, environment, ag-tech, and other sustainability sectors.  This will ensure that SkinX is funding businesses with this focus.

Every Skinvestment is tracked by sector focus and will be measured and reported easily by Quin our portfolio management system.

SkinX fund will launch by the end 2022.

SDG Focus Area(s):

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.