Join Luke Hohmann for a discussion on understanding crowd investing and participatory budgeting. His company, FirstRoot, has a mission to help families and schools understand these principles, and especially help kids understand how to manage money. This is a discussion your kids might like as well, so feel free to bring them along!
Have you heard of Participatory Budgeting? It is a global movement, endorsed by the UN, in which communities decide how to invest real money. Luke has been producing Participatory Budgeting events around the world, in both the public and private sector, for more than a decade.
At Luke's previous company, Conteneo, he invented Weave, which is a software platform businesses can use for Participatory Budgeting. Companies using Weave made over $3 billion in investment decisions.
After selling his company, Luke decided to start FirstRoot, a startup devoted to teaching financial literacy and civics through Participatory Budgeting in schools. FirstRoot's longterm goal is to get $1K into 1M schools globally and watch what happens when kids are in control of $1B.
FirstRoot is also offering a family version of their app for free so parents can work directly with kids doing such things as planning a vacation, choosing charitable donations, or planning a home remodeling project