Nov 12, 2009 8:45 am US/Mountain
Denver Man Beats The Recession, Starts Business
Written by Tom Mustin
DENVER (CBS4) ―
A local entrepreneur is doing his part to give back to the community.
In August 2008, Ben Valore-Caplan started the business Syntrinsic Investment Counsel. From his LoDo office he and his team provide investment advice solely to nonprofits and like-minded families, foundations and companies.
"The mission of Syntrinsic came out of my personal mission and the mission of others on the team which is very much grounded in serving the community and promoting good stewardship," said Valore-Caplan.
Valore-Caplan is a fifth generation Denverite. He graduated from Cherry Creek High School and received his MBA at the University of Denver. After college at Brown University he worked as a non-profit director and as a teacher.
After several successful years on Wall Street, Valore-Caplan became somewhat disillusioned with the high stakes investment business. He knew it was time for a change.
"Each one of us has inside us a personal calling," he said. "One of the key steps is figuring out what that is for you, and identifying an industry, an organization where you can express that."
Despite several multi-million dollar offers to stay, Valore-Caplan packed up his family and returned home at the height of the recession. His goal was to start a new kind of investment consulting company. His new company is dedicated to counseling only those who are making a difference in their communities.
"It's always scary to create something new. It's also very exciting. As long as you ground yourself in what you believe, who you are and how you want to do business. I think eventually it works," Valore-Caplan said.
He said the financial world is humbling and frustrating at times.
"Anyone who says that it's not really that different from 2008 is fooling themselves," Valore-Caplan said.
Despite the challenge, Syntrinsic now has more than 30 clients, including the Women's Foundation of Colorado and the Downtown Denver Partnership. This year the company's assets have grown by 25 percent.
Valore-Caplan said he learned much of his work ethic from his grandfather.
"One of his favorite quotes is 'The harder I work the luckier I get.' I think there's some merit to that," Valore-Caplan said.
Now Valore-Caplan is pursuing his mission to beat the recession and provide a model for fellow entrepreneurs.
"When you're doing something where you're engaged and excited, people want to be a part of it ... we're having a good time here," Valore-Caplan said.
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