Chairman & Managing Partner
- $5 billion of private equity invested in both domestic and international markets
- Investment experience in venture capital, growth capital, real estate and distressed debt
- Established and managed several award-winning managers of fiduciary capital
- Lead role in several domestic and global social impact investments
- Member of Board of Advisory, UVM Sustainable Entrepreneur MBA Program; Board of Directors, BTV Ignite
- Founder & Managing Partner at Linea Capital
- Portfolio Manager at Värde Partners
- President at Cornerstone Resources
- Board Member at Weather Modification
- Entrepeneur-in-Residence at Cargill Ventures
- Founder of Cargill agriculture finance business line
- Co-Founder of Piper Jaffray Asset Securization business line
- Vice President at AIRFUND Corporation
- Manager of Credit and Debt Placement at AFG
- Louisa is a risk-taker who thrives on the ability to find creative solutions to any problem
- Entrepreneur with 15 years experience in high tech and business development
- Co-Founder of Milk Money Vermont, an equity crowd-funding platform that connects Vermonters with Vermont businesses looking for growth capital.
International commodities shipping specialist at Glencore
The Kaufman Index of Entrepreneurship (“KIE”) is an annual report that measures entrepreneurship across the U.S. According to the most recent KIE, Vermont is Ranked #5 in the nation for Startup Activity, but only #49 for business Scale-ups.
The capital managed by Vermont Works will help tackle two major restraints holding back successful startups from becoming medium or large-sized businesses in their first ten years of operations:
- The absence of growth-stage equity capital; and
- New business acceleration through advice, guidance, and structured mentorship.
In addition to raising a $50 million social impact fund, Vermont Works will play a lead role in the development of an innovation hub that will leverage Vermont’s human capital, alongside educators and innovators from around the world, to foster a nurturing environment for startup and growth firms, with the goal of creating living-wage jobs and attracting or retaining youth and innovation to the State.
We also believe that Vermont can be a welcoming new home for existing businesses currently located out-of-state. As such, we will actively support “relocation-preneurs” with both funding and technical assistance.
By engaging in these activities, Vermont Works believes that it can help bend the State’s current demographic curve (declining and aging population) in a more promising direction.
Our Vision for Vermont
The Vermont Works investment strategy will transfer forward-looking values that focus on job growth and the community. Vermont Works anticipates that its investment practices in Vermont will make a positive difference on building stable, long-lived, socially and environmentally responsible companies in the State of Vermont. The ultimate desired impact is to create sustainable jobs in Vermont which will help increase the retention rate of students and ultimately reverse the trend of a shrinking population between the ages of 25 and 44. By increasing the number of successful companies within Vermont, we can increase the employment opportunities available for individuals after college level education.
Supporting Business Growth in Vermont
We will invest primarily in expansion-stage businesses, characterized by strong customer validation, proven business models and robust forward business momentum. Up to 15% of our funds may also be invested in early-stage companies and the supporting infrastructure for these companies, such as accelerators, incubators, and maker spaces. While revenue is not a perfect indicator of customer and business model validation, it can be a good proxy for stage of development. Vermont Works anticipates that most of its portfolio companies will have annualized revenue of between $1.5 million and $5 million at the time of its investment.
Environmental, social, and governance issues are very important to Vermont Works. Our approach is highlighted below
Employment and Economic Development
- Build strong companies which expand economic opportunity, create good jobs, attract youth and innovation, promote ownership, and catalyze long-term growth
- Back companies that support policies that ensure a “living wage”
- Sustainable products and/or operations that minimize environmental impact
- Products or services that promote ecological and beneficial water, energy, and agricultural practices through efficiency gains and sustainable alternatives
Health and Wellness
- Improve health outcomes through food access and quality products and services
- Promote healthy lifestyles, access to healthcare, better education, training and human development