ManchesterStory’s Post

This photo was taken at Venture For America training camp at Wayne State University this past summer. I met these two young men, incoming 2023 fellows, after the pitch competition we host annually during the weeks of programming for each incoming class. It's always our hope for them to land in one of our thirteen cities after training camp, for great opportunities at our company partners that hire them. This year was different as we navigated the potential of a recession and the impact the events surrounding SVB and First Republic banks had on our organization and companies we partner with. We're a bit downstream from these events, and the impact on us was/is a lag in hiring = slow fellow job placements. During a conversation at training camp, the young man to the left, Jasper DeShields, and I chatted about realities of the market and hiring. Both he and I had experienced layoffs in our careers due to factors out of our control. Hiring has been slow this year, way too slow for my comfort, as delivering on the fellow experience and the expectations of our fellows stays top of mind, regardless of external forces. But during that conversation with Jasper, he shared his perspective on patience, in a way that gave me hope. Underneath my smile in the picture below was concern about the future. But today I can celebrate a bit as I've found out that Jasper landed his role, in product management like he desired, at Inspiren. Big shout out to the team at Inspiren and Jeffrey Morelli for bringing him on board. Onward and upward. #community #entrepreneurship #nextgeneration

Next Wednesday, the next episode of Executives in Wealth Management is nothing short of extraordinary. It's not every day that you come across someone who not only captivates your attention but leaves you in awe of their incredible achievements. Tom is joined by Stuart Breyer, CEO of mallowstreet. They talked about the importance of authentic leadership, the role of AI in the wealth management industry and wider society, and the story behind the 10,000 Black Interns project that Stuart is a part of. Not one to miss. #podcast #changemakers #wealthmanagment #executivesearch

Delivered to inboxes last Thursday. Since last post we saw 3 acquisitions, 8 fundraising rounds, 8 people moves & promotions, 1 new stock exchange, 12 roles, 2 articles, 1 podcast and 2 newly added upcoming events. Likes and comments appreciated as always. Be sure to subscribe here (it's free): https://lnkd.in/eawMMJux Databricks acquired Tabular (now part of Databricks) (data management). Green Street acquired Locatus (retail data). Nuqleous acquired Shiloh Technologies (retail data analytics platform). HoundDog.ai (data security and privacy) raised $3.1M in a Seed round led by E14, Mozilla Ventures, and ex/ante. Human Native AI (data and content marketplace) raised £2.8M in a Seed round led by LocalGlobe and Mercuri. Liminal (AI data security) raised $5M in a Seed round led by Fin Capital. Nexus Cognitive Technologies (managed DaaS platform) received an investment from Insight Partners. Rows.com (spreadsheet platform) raised €8M in a round led by Indico Capital Partners. Solarity (clinical data automation) received a strategic growth investment from TA Associates. Tobiko Data (data transformation) raised $21.8M in a $17.3M Series A led by Theory Ventures and a $4.5M Seed round led by Unusual Ventures. WealthOS (wealth management digital infrastructure) raised €4M in a Seed round led by Barclays. Darin Clemente joined Atheneum as Chief Revenue Officer. Michael Connor joined the Board of Advisors of MarketReader. Das Dasgupta, PhD joined Starbucks as Chief Data & Analytics Officer. Ken Denman joined the Board of Directors of TIFIN. Ahmed Elkady was promoted to Director of Americas at Kpler. Sean Fanning joined Exponent Founders Capital as Partner. Steve Goldstein joined DOOR Ventures Inc. as CEO. Conor Taggart joined Eagle Alpha as Head of Corporate Commercialization. #data #fundraising #peoplemoves

David Rose, SVP & Manager, Davenport Public Finance knows how important it is to #payitforward. He was recently featured in Kenyon Alumni Magazine, along with a few familiar faces, for his steadfast ability to connect Kenyon graduates to the financial industry. Read the article: https://bit.ly/3WHAYJE

Thank you to David Ochi for speaking about creating an unfair competitive advantage through building trusted relationships at Entrepreneurship Club! We got 4 key lessons: 1. Nobody will say "I hate helping high schoolers", so every one of us aspiring entrepreneurs should use our connections with successful entrepreneurs to get help and internships 2. High school and college are an amazing time to make a startup---don't say, "I'll do this when___happens." Do it now! Subway was started by a high schooler. 3. Competitive advantages are created not by what you know, but who you know. So put yourself out there, think from the other person's perspective, and build relationships! 4. When "entrepreneur" comes into mind, we typically think of white males (Zuckerberg, Jobs, Trump, etc). But that's the last generation. There are over 10 million women owned businesses, and minority-owned businesses are growing at a faster rate than ever. Here are David's slides: https://lnkd.in/eQpTYcJ2 Have a great day everyone, and stay posted for our next speaker, A. Cathleen Greiner PHD!

Shout out to our Summer '24 intern, Carson Harof on his jump yesterday! Let CWP take your financial plan to new heights this year! #financialplanning #investing #financialplan

🌟 From Bus Rides to Boardroom Success 🌟 In my early days, fresh from the University of Arizona, I took countless bus rides from my mom's house to Scottsdale Fashion Square, hustling as an unpaid intern at Merrill Lynch. I made just over $11K my first year—dialing tirelessly, pitching my services to anyone who’d listen. Against a staggering 90% industry dropout rate, I persevered. 25 years later, I'm still here, and thriving. 🔗 Watch my journey and learn what it takes to stick it out in the competitive world of finance. #Finance #CareerJourney #SuccessStories #AllianceFinancial

Financial planning is a great, rewarding career but it can be very tough to break into the profession. To look at the reasons for the difficulty and the industry's need to create more pathways for the next generation of planners, I spoke with Dominique Henderson, CFP®-Financial Planner and Consultant of DJH Capital Management and Jumpstart Coaching Lab, Luis Rosa of the BLX Internship Program and Build a Better Financial Future LLC, Brandon Kawal of Advisor Growth Strategies LLC, Hannah Moore, CFP® of Amplified Planning and Guiding Wealth, Dinon Hughes, AIF® of Nvest Financial, LLC, Julie Genjac of Hartford Funds, Kris Carroll of Wealth Enhancement Group and Nate Lenz of Concurrent. There are signs suggesting wealth management is progressing toward solutions. Still, the sobering raw numbers show how far the industry has to go. Check out the story below. #professionaldevelopment #financialadvisors #careers #wealthmanagement https://lnkd.in/gfzNf_dW

We are proud to be leading the way in what financial planning will look like in the future. Check out this article by Financial Planning to learn more about what's in store for financial planning as a profession.

Does private equity rip companies apart? At our intern orientation, I got an interesting question: “Private equity firms have a bad reputation for buying companies, stripping them down and firing everyone. Our mission at Aux Insights is to create more value by helping businesses grow.  How do you balance that with PE’s slash-and-burn approach?” My answer: While there may be a few “bad actor” PE firms, this narrative is mostly driven by the media.  Most PE firms are looking to add value and they know you can’t “Cut your way to growth.” But truthfully, companies get bloated. They have 100 people doing the job that 25 people can do. PE firms aren’t “churning and burning.” Reducing headcount IS a form of value creation.  They reduce costs or reallocate expenses. That creates value. Such a good question. I love intern season!