Investing In The Future With CEO Tony Arnerich — EP 3
Tony Arnerich is the CEO of Arnerich Massina, co-founder of 3x5 and advisor to many mission-driven companies, including Fish People, a pacific northwest coast sustainable, traceable seafood company.
We met in line at a bakery in Santa Barbara and started a conversation about working with one’s spouses that flowed into talking about getting more women involved in business, particularly the business of money,
His first taste of entrepreneurship was inspired by a negative towing experience. In the 70s, he and a friend bought a tow truck for $1,300, printed some business cards and just got started even though he claims it was not really his thing at all. Years later, he sold the towing business and with the bit of profit from selling the land, he moved to Portland and opened up a restaurant.
Today Tony manages a $20 billion impact investment firm in Portland, Oregon. He also co-founded the B Corp 3x5, a growth-oriented venture capital firm that primarily invests in innovations in life sciences and the natural resource sector. He also serves as an advisor to several mission driven companies like Fish People, a sustainable, traceable seafood company.
IN THIS EPISODE WE TALK ABOUT:
Investing in sustainable versions of investments in food, water, energy and healthcare
Early adopters are doing the work to be
Demonstrating leadership by doing it
Good business ideas must be economically profitable
“We are not giving up one nickel of return in order to make a positive impact. We have to work harder. For the most part, people just have to get out there and get it done.” - Tony Arnerich
Seeing the future to invest in solutions
“Opportunity is a spark. You never know where the fire is going to come from.” — Tony Arnerich
The importance of having women on your boards for diversity of though and experience.” — Tony Arnerich
“What I’ve found with companies that I invest in that have women in the c-suite and on boards, the perform the best. Statistically.” — Tony Arnerich
“Statistically, we can prove that women own businesses, women run businesses and have higher financial metrics than those that are solely male.” — Tony Arnerich
Network is source of investment deal flows
“The essence of a great private equity firm is there deal flow. You build deal flow by building relationships.” — Tony Arnerich
"Success is having good energy flow.” — Tony Arnerich
The future of capitalism… or something else… and why it doesn’t really matter right now
Tony's Inspiration - John Gray of Portland, Oregon, Ken Plasse, CEO of Fish People and Cody Friesen, CEO & Founder of Zero Mass Water… plus the support of his family.