
This is software (AWS) generated transcription and it is not perfect.
So, you know, it took a little bit of reflection to answer this, but, um, I've always been really interested in how small businesses work and how they contribute to the economy. And I think that that was kind of ingrained in me through Ah, my grandfather. So I grew up in Communist Poland, where my grandfather was an entrepreneur. So I really saw firsthand how entrepreneurship can really better the lives of people not on Lee of entrepreneurs themselves, but also their communities. So that was a really interesting aspect that I did not realize until recently. Really Put this, um, this, uh, interesting me in, How do you help small businesses? So in most of my courier, whether working for the World Bank or whether running funds, it's always been focused on, how do we support entrepreneurs especially social interested, interested not only in help grow their businesses and solving some of the biggest issues of in the world. So I would say that the way I was brought up, but also people I met along the way who are all really big supporters and champions of small businesses, either markets or in the US, have really contributed to ah to my career and the focus that I have
Yeah. So I'm actually, um So I'm not on staff at Kauffman Foundation. I'm actually running a project that they have started, which is called the Capital Access Lab. So, as a result, Ah, and you know, be also because of Covad. Um, my work hours a quite flexible. Ah, I definitely I think working for foundations, you probably have more flexibility than working for a, um you know what I would say A corporation? Because foundations are really ah, you know, that they want you to have a good work life balance, which I think is important. So I definitely have pretty flexible working hours having said that, you know, in the past, when I've worked with, um, emerging markets, I've had to be even more flexible, right? Because of the time for him. So you have to consider that if you're working in the U. S. Even if you're working in the US, right? I mean, we have several time zones, so because I'm based in California, when I have cause of people from New York, sometimes it's a little bit of a struggle to schedule that. So you do have to take that into consideration where you live, even if you work remotely. If you want to be in touch with people, um, to working with you and if you want to encourage teamwork, you really have to think about that. So right now it's very flexible, but I have to be flexible as well and joined calls really early in the morning sometimes.
So what we're working on right now is we're trying to help funds like small local funds in the US invested entrepreneurs in their communities. So these entrepreneurs that traditionally really, you know, the research we've done shows that 83% of entrepreneurs in the U. S. Did not access traditional bank or venture capitals. So they're funding must be coming from either family and friends or often these new types of funds that are giving them watch more flexible financing, which allows them to grow their businesses. So the challenges, that's the challenge that we're trying to address is how do you help entrepreneurs act provides them with access to capital that will help grow and, um, expand their businesses. So we're really trying now support those funds. Those funds are new and the kind of for inter products that they are deploying are very different from traditional loans equity. So that will understood. So we're really trying to give them first capital, so these bonds will give them the first capital. And then those funds are then deploying that capital to entrepreneurs in their communities and their in places like Atlanta and Chattanooga. And, um, we're really hoping that that hole sector will grow and that its alternative financial product delivery will be come. Um, you know, traditional product that other investors were supporting and putting money through, because that's what we feel entrepreneurs really need.