Sophia Collier

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Sophia Collier
Known forSoho Natural Soda

Sophia Collier is an American investor, artist, and entrepreneur. She co-founded Soho Natural Soda in 1977, later selling the company to Seagram Beverage Company. Collier also founded Citizens Advisers Inc., a mutual fund management company focused on socially responsible investing, before transitioning to large-scale art projects inspired by natural water surfaces. Her work has been exhibited internationally and included in the U.S. Department of State's Art in Embassies program.

Contents

Biography

In 1977, at 21, Sophia Collier developed Soho Natural Soda in her kitchen in Brooklyn, New York and co-founded the American Natural Beverage Corp with Constance Best to distribute the product. [1] Collier was among the first wave of young women establishing startups in the early 1980s and was recognized in the first "40 under 40" by Crane's New York Business. [2]

The company grew to $25 million in soft drink sales before the partners sold it to Seagram Beverage Company in 1989 for a reported US$15 million. [3] [4]

Written in 1976, and published in 1978, Collier produced a book about her teen-aged life entitled Soul Rush in which she recounts her spiritual development, experimentation with recreational drug use and Eastern mysticism as a teenager.

In 1991, Collier established Citizens Advisers Inc., a mutual fund management company where Collier was the portfolio manager of Citizens Index Fund which achieved a five star rating by Morningstar, placing it in the top 10% of funds within its category. [4] At Citizens, Collier also managed the E-fund which achieved a #1 in its category shortly after it was established according to ranking service IBC/Donoghue and was called "among the more interesting products to emerge from the money fund arena in years." [5] The E-fund incorporated a debit card and was designed to allow investors to receive back a portion of the fees charged to retailers. [6] Collier also focused on investing in emerging wireless technologies. She took a leading role in obtaining regulatory approval for a novel system that increased wireless data transmission capacity. [7]

Citizens Funds was sold to Sentinel Investments in April 2008. [8] In explaining the timing of the sale, Collier noted a concern for a market bubble and also her successful treatment for breast cancer. [9]

While in New Hampshire Collier was active in Democratic politics, serving as Treasurer and Finance Chair of the State Democratic Party from 1994 - 2006. [10]

After the sale, Collier established an investment office with Chula Reynolds [11] as well as an art studio in Sausalito, California using software and large scale machine tools [12] to making sculptural reliefs of water surfaces. In her artist statement she describes her inspiration as "One day I was walking across a bridge and thought I wish I could just reach down into the water and pick up a piece of that shining surface and keep it forever." [13]

Collier drew a connection with her prior financial work stating that it allowed her " to know it was possible to develop software to model vast, turbulent, nonlinear data sets like money … and also, maybe, water in motion." In December 2014 a signature work, Plank of Water exhibited at the Grand Rapids Art Museum [14] and the United States Department of State has included her work in the Art In Embassies program. [12]

In her investing work since 2008 Collier has focused in early stage venture investing, real estate and the financial markets. She has also become an active member of the San Francisco Bay Area angel investing community [15] [16] participating as a judge and panel member in Pitchforce [17] and similar events. A representative real estate project is the $10 million dollar renovation of Zocalo Apartments in Houston, Texas where Collier and Reynolds have also organized an artist-in-residence program. [18] [19]

Bibliography

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References

  1. ↑ Eric Schmitt (1986-10-08). "Will Soho Be the Little Soda that Could". The New York Times . Archived from the original on 2019-11-09. Retrieved 2019-11-09.
  2. ↑ "40 Under 40". Crane's New York Business. 27 July 2018. Retrieved 19 June 2020.
  3. ↑ "The Reinvention(s) of Sophia Collier, Part 2". Fast Company. Archived from the original on 2015-09-24. Retrieved 2009-07-25.
  4. 1 2 "Fund founder has success in many different ways - Oct. 29, 1999". CNN. 1999-10-29. Retrieved 2009-07-25.
  5. ↑ "Give Citizens Trust E-Fund an 'A' for Innovation". CNN. 1999-10-29. Retrieved 2009-07-25.
  6. ↑ Robert D. Hershey Jr. (8 October 1995). "Sophia Collier, Soda Entrepreneur, Uncorks a Money Fund". New York Times. Retrieved 19 June 2020.
  7. ↑ Kathy Chen (21 April 2000). "Tiny Northpoint Technology Pushes Satellite Giants to Fight". Wall Street Journal. Retrieved 19 June 2020.
  8. ↑ "Sentinel Investments Completes Citizens Funds Acquisition" . Retrieved 2009-07-25.
  9. ↑ Greg David (14 October 2012). "Our First Stars Still Shine". Crain's New York Business. Retrieved 19 June 2020.
  10. ↑ "Sophia Collier On the C-Span Networks". C-SPAN. Retrieved 19 June 2020.
  11. ↑ "Point Reyes Management LLC".
  12. 1 2 "Art in Embassies Sophia Collier". U.S. Department of State. Retrieved 19 June 2020.
  13. ↑ "Sophia Collier".
  14. ↑ "GRAM Selects ArtPrize 2013 Encore". Archived from the original on 2014-01-16. Retrieved 2015-02-20.
  15. ↑ "Sophia Collier Angel List". Angel List. Retrieved 19 June 2020.
  16. ↑ John Biggs (14 March 2017). "Sift raises $1.5 million to unlock your credit cards". TechCrunch. Retrieved 19 June 2020.
  17. ↑ "Sophia Collier Investor Profile: Portfolio & Exits | PitchBook".
  18. ↑ Carissa Lamkahouan (2 July 2019). "Zocalo Apartments hosts artist-in-residence program". Houston Chronicle. Retrieved 19 June 2020.
  19. ↑ Dorothy Puch Lillig. "Local Visual Artists: Apply to be an Artist-in-Residence at Zócalo in the Spring Branch District". Spring Branch District. Retrieved 19 June 2020.
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