TRIBE NAME

Ep2 Guiding Hundredth Investment Club

Founded by: Tre Baker | 8 members
MISSION STATEMENT
To create wealth for its members and the broader community by organizing our collective resources for invest opportunities.
INVESTMENT INTERESTS
Business Venture
Cryptocurrency
TRIBE GOALS
  • Experience and learn together
  • Build wealth through ownership
Black Investor Group organizes capital and creating wealth for members & community
May 22, 2021

Tre:  Hey, what's going on brother? 


Julian:  Hey, Tre. How you doing, man? 

Tre:  I'm doing well. 

Julian: So why did you decide to start investing with tribevest and start your own tribe? 

Tre:  I had wanted to start an investment club for probably 10 years, but every time I got, you know, got even close to try the administrative, the admin burden was always like, a barrier, it's like, it's not something I couldn't have gotten over. And like, not even something I didn't know how to do is like, it was too much for me to deal with, for something that was like a side thing, because you're not, you know, at the level that we're at, it's not really worth it. 

For me, I do it more as a labor of love and like as an example, to others, but like, I don't actually make money from the tribe, and we need to get to much more capital under management before actually becomes worth my time to focus on solely. So I wasn't about to spend all that time and resources just started an investment club and deal with the headaches. 

So what Tribevest did was basically remove all that, like the startup hassles, and, and the cost, especially like it's much more efficient way to start a small investment group. So that's why I got excited about it in the first place. Oh,

Julian:  If you could talk about the members that are a part of your tribe?

Tre: It's made up of people who are interested in investing, but mostly my friends, people I know, personally, who, you know, have careers have good jobs, but they don't have either the time or the interest in, you know, getting into investing heavily. Specifically, we focus on alternative investments like real estate, private equity, venture capital, you know, things like crypto blockchain and stuff like that. So, you know, a few of them are interested in some of those things. But, you know, as individuals, they don't have the time to build a diversified portfolio across those asset classes. So I wanted to start this to help people who have you know, income to invest in and but they just don't know what to do with it. Or they don't have time.

Julian: All right. So So what are your investments now? With with your tribe? How have you tapped into it yet? If so, how have you started to use that within your tribe?

Tre:  We started investing. I'm saying 2019. So we've been at it for a minute. We got that effect. I think I had the spreadsheet right here.

We're in about 36 startups. Three real estate investments, a crypto portfolio, then the rest startups. So next, we're looking at art and wine. 

But it's been going well, man, the weak man is really low key, like, all the members are chill, they kind of hands-off. One of them is learning about precious metals. So I told him like, just to let us know, whenever he figures out a good investment strategy on that because we're not in that yet other than a cryptocurrency that's backed by gold. That's it. 

My Tribe members are all professionals that  don't have time to oversee this type of stuff. My mission is that over time, the various individuals and members will develop an interest in one or two asset classes, and then maybe get expertise or something that we can rely on. My goal in building the tribe is to get a diverse array of professional experiences. Engineers, lawyers, doctors, construction workers, lab technicians, science, scientists, mathematicians.  I want a very diverse array of experience, so when we're evaluating deals, we have somebody that has direct knowledge related to that particular investment. 

The vision is for each one of my members to go out and start their own tribe, and then somebody from their tribe to go out and start their own tribe. So we create this network, and I'm actually starting to build that out. We need to scale capital and our black tribes.  Even if our one tribe we're at 100 people, there's only so much we can do.  We need to scale the economics to truly democratize capital.

Julian:  Where did you find your tribe:

Tre:  They're all over the place. See, most of most of the people I went to Vanderbilt with I just got my first So I went to Harvard for Business School. So I just got my first HBS classmate to join. So, but mostly pandy for now. And then, yeah. And it just happened that way. Because those are the people that I kept in touch with, like, literally just having my, my close personal network before, you know, just kind of serve as a test case in the pilot group to expand it out. 

Julian:  So what’s the plan?

Tre:  I'm doing is in this like this is I didn't write it and be like, Alright, let's see what happens

I wrote it partially as a plan for myself to practice, right? This is what I'm implementing the plan that I outlined in the book, and it's around organizing capital, and  I'm interested in the larger movement to decentralize and democratize, the financial system and the economy. Because the way we've been doing things is ridiculous and unsustainable. And, and it's just wild to me that we allow the  “99%”, allow this to continue. It doesn't make any sense for us. Why do we allow this to happen? Elan Musk, Jeff Bezos, and Michael Bloomberg can solve child poverty, homelessness, and hunger, just with three of them

Julian:  You started hit on the bigger picture and vision earlier.  Where is this all leading?

Tre:  We have four or five tribes, but I want to help other people set out tribes and get that network going so we can share deals and like, and start to aggregate the money together, because I get, you know, going to the traditional route of going to like traditional LPs and like family offices and institutions for funding, like for somebody like me. Even with the degrees that I have, it's, it's hard because, like, despite what everybody says about caring about black lives. There's not a lot of interesting things that will actually work and improve black laughs like, you know, you see all these funds go into. They're like, Yeah, we're gonna commit this amount of money. Such and Such millions or even 10 billion like Goldman Sachs to invest in you know black businesses, but there's no, there's no collective strategy so it's all individual individualistic and opportunistic so like, you're going to see more successful startup black-owned businesses and startups come out of this. And that might represent one 2% of the black population that benefits from that make you not a fan. Because there's no, there's no focus on strategic focus on system-wide and an industry-wide investing. 

Why would other people care about black people more than we do?  We've shown that we're not interested in making these investments and doing this, knowing what needs to be done, why would we, why would anybody else. Put your money where your mouth is right in your time and your effort and your resources. And I think, you know, the beautiful thing about tribes and this larger movement to democratize capitalism and decentralized capital is that it gives us the tools to easily organize.\

Julian:  Appreciate your time because we got two minutes left. Yeah when they said they log me out of this. Let me know. For when we do play this back where can people like find you and connect with you, where can they grab your book again, not just from Jeff Bezos. 

Tre: Yeah, it's in the black 20 fifty.com That's what it looks like in the black 20 fifty.com and the Black Point 50 on Facebook and Instagram are probably the easiest way, and then the network that we're starting for black investment clubs for like any black has that start or existing funds, investment clubs can join this network to syndicate deals share knowledge and all that. That's going to be called Black Star capital network. 

The website for that is Black Star cap capital dotnet and Black Star capital net on Instagram. Yeah, so it's still working on that quickly you can, you know, kind of sign up for the email address now. And if you're interested there's a form on there if you're interested in either starting a club, or, or just joining an existing one because, you know, a lot of people might not even have networks of friends to do this with so they might need to find an existing one, that's important is because people say they want to invest with their family, but they fail, we don't have the best business practice. You got to have a very good working relationship with your family like your family should already be having regular family meetings before you introduce a concept like that so if you don't have that. The only time you're talking about family reunions means, like, implementing the better family practice. First, and communication practices within your family. That's the whole time. But families should start to build these like family wealth plans like when my friend Lawrence Watkins posted like his basically family whole family plan like under the economic component to it. So like there's also part of like freeing up time to spend time on you know activities and like, getting together and stuff but like there's all economics on it and it involves like collectively investing as a family and in what's investing like real estate and whatnot, like, like every family needs that but there's so much trauma in our families that we got to deal with that first like, deal with the multi-generational traumas that we have worse than that. A process, you know, before you start putting money, like once you start making money, and already like toxic relationships, then, or not even necessarily toxic if not healthy. Yeah, it's a recipe for disaster and that is only going to reinforce the stereotype that black people notice each other with money and all that. We don't need that. No, no, you're perpetuating that but not here. Right. 

Julian: Appreciate your time because we got two minutes left. Yeah when they said they log me out of this. Let me know. For when we do play this back where can people like find you and connect with you, where can they grab your book again, not just from Jeff Bezos. 

Yeah, it's in the black 20 fifty.com That's what it looks like in the black 20 fifty.com and the Black Point 50 on Facebook and Instagram are probably the easiest way, and then the network that we're starting for black investment clubs for like any black has that start or existing funds, investment clubs can join this network to syndicate deals share knowledge and all that. That's going to be called Black Star capital network. 

The website for that is Black Star cap capital dotnet and Black Star capital net on Instagram. Yeah, so it's still working on that quickly you can, you know, kind of sign up for the email address now. And if you're interested there's a form on there if you're interested in either starting a club, or, or just joining an existing one 

Julian:  Alot of people might not even have networks of friends to do this with so they might need to find an existing one, that's important is because people say they want to invest with their family, but they fail, we don't have the best business practice. 

Tre:  You got to have a very good working relationship with your family like your family should already be having regular family meetings before you introduce a concept like that so if you don't have that. The only time you're talking about family reunions means, like, implementing the better family practice. First, and communication practices within your family. That's the whole time. But families should start to build these like family wealth plans like when my friend Lawrence Watkins posted like his basically family whole family plan like under the economic component to it. Part of freeing up time to spend time on activities and getting together and stuff but like there's all economics on it and it involves collectively investing as a family and in what's investing like real estate and whatnot. Every family needs that but there's so much trauma in our families that we got to deal with that first like, deal with the multi generational traumas that we have worse than that. A process, you know, before you start putting money, like once you start making money, and already like toxic relationships, then, or not even necessarily toxic if not healthy. 

Julian:  Yeah, it's a recipe for disaster

Tre:  And that is only going to reinforce the stereotype that black people notice each other with money and all that. We don't need that. No, no, you're perpetuating that but not here. 
Julian  Right. 

Julian: Appreciate it man, thank you so much for your time mostly get back to your loved one. ]

TreL  Appreciate the opportunity. 

Julian:  Yeah. Yeah, for sure.