Episode 108: Live a Life Of Purpose with The Global Good Fund's Carrie Rich

Nov 18, 2020

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Can you imagine, at the age of 26, taking a $100 birthday gift challenge and turning it into $2 million in order to turn your idea for social change into reality, all in just two weeks? Sounds unbelievable doesn’t it? Where would you even begin?

In this episode, you’ll meet Carrie Rich, the co-founder and CEO of The Global Good Fund, an organization that accelerates the leadership development of high potential young social entrepreneurs tackling the world’s greatest issues. Now, just 8 years after taking on her birthday challenge, Carrie has impacted the lives of more than 8.5 million people around the world.

Carrie is also the managing director of the Global Impact Fund, a venture capital fund created in 2016 that invests in social impact companies led by people of color and women. In addition to leading The Global Good Fund, Carrie has served on the faculty at George Washington University, Georgetown University and at the Amani Institute in Kenya, Brazil and India. Among her many awards, she was named a 2016 EY Entrepreneur of the Year, Washington Business Journal 40 under 40, Entrepreneur.com Top 30 Start-ups to Watch and is the recipient of the POLITICO Women Who Rule Award, among many more.

Highlights:

[03:19] Carrie’s story

[09:07] Overcoming fears and limiting beliefs

[10:21] Decision-making techniques

[13:17] It only takes one person believing in you to make a difference

[16:43] Tips on effective execution

[18:36] Carrie’s daily success habit

[22:06] Gaining clarity to tell your story with passion

[24:19] Challenges that hold underrepresented groups back

[26:05] Getting the most out of a mentoring relationship

[28:07] Mentors don’t have to look like you

[31:13] The impact of COVID on mentoring relationships

[33:53] Advice on accelerating success

Quotes:

“If you don't ask, the answer will definitely be a no.” – Carrie Rich

“Financial planning will help you build the confidence to take risks.” – Carrie Rich

“It only takes one person to believe in you and take a chance on you.” – Carrie Rich

“One of the greatest gifts people can make is an introduction and sharing their network.” – Carrie Rich

“The best way to accelerate your success is by investing in yourself.” – Carrie Rich

About Carrie Rich:

Carrie Rich is the co-founder and CEO of The Global Good Fund, an organization that accelerates the leadership development of high potential young social entrepreneurs tackling the world’s greatest issues.

Ms. Rich co-founded The Global Good Fund in 2012 at the age of 26 after raising $2 million in seed capital in two weeks. Ms. Rich is the managing director of the Global Impact Fund, a venture capital fund created in 2016 that invests in social impact companies led by people of color and women. Ms. Rich co-authored Sustainability for Healthcare Management: A Leadership Imperative, featured in Handelsblatt's Top 5 Business Book in 2013. Ms. Rich is the recipient of the EY Entrepreneur of the Year Award, POLITICO Women Who Rule Award, Washington Business Journal 40 under 40, Entrepreneur.com Top 30 Start-ups to Watch, Stevie Award for Women in Business, Asian Social Innovation CEO of the Year, and Social Enterprise Alliance 50 under 40. Ms. Rich has served on the boards of Rezon8Capital, Women in Business, Ibasho, One Planet International School and the Atlas Health Foundation. Ms. Rich served on the faculty at Georgetown University, George Washington University and at the Amani Institute in Kenya, Brazil and India. Ms. Rich advises start-ups in the health, technology and retail industries, assisting with raising capital, business strategy, and market outreach to achieve audience engagement amongst millennials, women and those who care about sustainability and social impact.

Links:

RSVP for Fund The Good 2020 on December 9th at 5:30 pm EST – A virtual event featuring Arlan Hamilton: https://globalgoodfund.org/fundthegood/virtual-event/?mc_cid=61e178eae5&mc_eid=cbdff9db7e#RSVP

The Global Good Fund – to donate or for sponsorship: https://one.bidpal.net/fundthegood/ticketing

LinkedIn: https://www.linkedin.com/in/carrie-rich-10b8445/