July 18

Been struggling quite seriously over the past couple of days to finish up an entirely too academic issue of identifying the correct scale for social investments.  The concept hit me like a bolt of lightning during a discussion with Slow Money NYC, but getting it into digestible and interesting text is a bit of a challenge.

Today has been so-so.  I feel terrible today.  Sore kidneys or something and dullness in my stomach.  I have a feeling this relates to the massive amounts of alcohol consumed over the weekend.  I take responsibility, but ugh.  Plus, it doesn't help that it's upwards of 95 degrees and muggy as fucking hell in New York right now.

As far Villager goes, today was first contact with a business!  I met with the owner/head chef of Egg Williamsburg and his number 2, who runs operations at the business.  Egg is a gorgeous little restaurant that serves straightforward, super high quality southern influenced foods.  Very charming, loved the space and the atmosphere.  The main issue is that they are seeking funding in the 500K range which is outside of Villager's ability to manage and probably isn't a good start case.  We did discuss financing alternatives for the restaurant and I tried to walk them through some of the alternatives, but it's abundantly clear to everyone in the small business world that the securities laws are unholy minefield entirely focused on stifling capital formation and only aiding those who can access high powered lawyers.  They offered to feed me and I reluctantly declined, having just consumed a large green juice down the street and we had a productive and quite pleasant conversation.  I hope to re-visit them in a later phase.  I liked them a lot.

I spent the rest of the day reviewing financial statements and business plans of various presenters at the Slow Money entrepreneur's showcase.  The amount of cash flowing in and out of these companies is interesting to see on paper.  I'm not sure how much money I expected a small business to make or how much profit they would see, but in many ways it is lower than I expected.  Margins are also quite tight.

I also spent the rest of the day feeling lethargic and generally crappy.  My bike sprung a flat after my meeting with the Brooklyn Torch (local currency) ladies and someone stole Kristen's front tire in the course of the evening.  Bunch of fucking savages in this town.