Small Change

Small Change

Power to the people. One real estate deal at a time.

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Security Type
Sustainability, Technology, Financial Services, Retail, Social Impact
Min Investment
Pittsburgh, PA
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Over $10 million raised for 40 impact real estate projects, leveraging over $440 million in projects built.
Almost 60% of our developers are minority and/or women.
We don’t just talk about impact. We built the Small Change Index to measure it.
435% growth in funds raised from 2020 to 2021, building on 455% growth from 2019 to 2020.
140+ deals in our pipeline, totaling more than $425 million in offering goals.
Female founder. 4 companies founded and 14 urban real estate projects under her belt.

Management Team / Advisory Board Bios

Eve Picker Founder & CEODeveloper & urban designer, focused on impact and cities. Turns scruffy buildings into gems. Built Small Change solo and plans to rethink real estate. For good., Dutch MacDonald COOArchitect that worked with Eve turning those scruffy buildings into gems. Built nationally-known architecture firm & sold to partners. CEO at MAYA, a design and innovation firm, helping found and exit 4 internally startups. Sold firm to BCG in 2017, Jonathan Greene Chief of StaffArchitect by training. Formerly senior researcher at The Heinz Awards for the Arts, Economy & Environment. Lives for critical thinking and problem-solving. 200,000 miles logged in a used VW Golf in the lower 48 over one decade., Dziyana Zubialevich Account managerOriginally from Belarus, bilingual in English and Russian. Lover of literature and philosophy. Self-taught knitter and bunny enthusiast! Falling in love with real estate., Andy Owens UI/UX design leadExperienced designer who likes his interfaces like his city grids: clear and logical with a splash of something-something here and there. Makes a mean pizza crust, tells dad jokes that even adults laugh at., Michelle Louise Picker Social media. podcast editor + complianceLoves to organize. Played the double bass in the Melbourne Symphony Orchestra as backup for Elton John. I can cook anything you ask me to.
Amount Raised : $139,779
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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