The Thurston Investment Network (ThINk) will be hosting a business pitch event on Thursday, January 31st at 3:30pm at the Mouse Trap, 408 Washington St. SE, downtown Olympia (next to Dillinger’s).
ThINk is a membership-based network of Thurston area residents who are interested in investing in local area businesses. To date, ThINk members have invested over $200,000 in four different area businesses, including two restaurants, a local food processor and a local manufacturer of sporting good products. The network’s membership is growing, with over forty members now participating. There are no membership fees to join ThINk and never an obligation to invest.
Thursday’s meeting will include a short training and information session for new folks interested in joining the network, an investment pitch from a local area R&D company, and will end with a Member Social, where the membership will get a chance to get to know each other better and enjoy food and beverages provided by the owners of the Mouse Trap and Dillinger’s.
Date: January 31, 2019
Location: The Mouse Trap, 408 Washington St. SE, Olympia
Access to capital is a major identified need for small business. Local investment networks like ThINk can provide an additional avenue for businesses seeking capital and so help fill this gap.
ThINk provides an opportunity for its members to invest some of their money in what they know and can see–local businesses that add to the vibrancy of the Thurston economy.
A local investment network like ThINk can be a powerful tool for our local economy. A great many folks in Thurston County have investments of one sort or another, from stocks, to bonds, mutual funds, retirement funds and more. Almost all of this investment capital is placed in businesses outside our region. Beyond buying local, investing local can begin to capture more of the wealth of our community and bring our money home—where it can recirculate, multiply and impact a greater number of the people who live here.
Under the ThINk model, loan amounts, interest rates and payback time periods are all negotiated directly between the individual Member(s) and the business owner. Transactions and terms are determined entirely by the two parties. Both parties must exercise due diligence and recognize the inherent risks.
