Principles of Benevolence: Build, Lead, Invest with Purpose
What does housing instability do to a child? To a family? To a community? Alexandria Lafci knows firsthand — and she's spent her entire career trying to answer those questions through action. Alexandria is the Managing Partner of Home Team Ventures, an early-stage venture fund investing in construction technology. Before Home Team, she co-founded New Story, a nonprofit that built thousands of homes across Haiti, El Salvador, Mexico, and Bolivia — and partnered with ICON to print the first-ever 3D printed community of homes. New Story went through Y Combinator in 2015. Alexandria is a Kauffman Fellow. In this episode, we cover: * Growing up in Section 8 housing and what that experience shaped * Teaching sixth grade in Southeast DC and watching housing instability derail her students in real time * How her mother's death became the unexpected turning point in her career path * The accidental social entrepreneur meetup in Atlanta where New Story was born * What Y Combinator actually teaches founders — and the story of the architects that reset her bar forever * Why she walked away from the nonprofit she loved to start a venture fund * The origin of Icon and how New Story funded the world's first 3D printed homes * What makes construction technology a genuinely compelling investment thesis * The burden and opportunity of being an emerging manager in a non-obvious space * What it would mean to bring construction costs down by 20% Timestamps: 00:00 - Introduction to Alexandria Lafsey and her mission to build impactful housing solutions 02:15 - Growing up in Section 8 housing and how it shaped her social impact convictions 03:16 - Teach for America experience in Southeast DC and observing student homelessness 04:00 - The personal and systemic importance of affordable housing solutions 05:16 - Post-Teach path: from law school aspirations to founding News Story 06:03 - Personal tragedy and assuming caregiving responsibilities—impact on her career focus 07:26 - Lessons learned from McMaster Carr and company culture building 08:50 - The importance of culture in social impact organizations and News Story's values 09:36 - Purposeful work and integrating purpose with profit in social entrepreneurship 10:11 - Community work and the importance of resources for people close to the issues 11:02 - The serendipitous night that led to founding News Story 12:05 - The Haiti earthquake and the motivation to create scalable housing models 14:08 - Early stage funding, YC experience, and rapid community impact 15:16 - How News Story's model evolved to scale impact through land, credit, and finance 16:48 - Impact of transparency, stories, and participatory design on donor engagement 18:36 - The challenge of scalability in housing and innovating through land and collateral 20:22 - The influence of Y Combinator: access to networks and the peer community 21:44 - The importance of high standards, ambition, and the pursuit of alpha in venture investing 24:52 - The transition from nonprofit to venture capital: motivation and vision 26:16 - The potential of construction technology to solve housing affordability at scale 27:33 - How technology, like Icon, accelerates progress in building faster, cheaper, more sustainable homes 30:20 - Building a portfolio of startups in construction tech and their societal impact 33:28 - How Alexandria's emerging fund is carving a dedicated space in construction and impact investing 36:04 - Overcoming education barriers and the importance of positioning in an underserved yet vital industry 39:15 - Alexandria's entrepreneurial spirit rooted in audacity and vision from childhood 41:16 - Reflecting on her early dreams and the role of mentorship and self-belief 42:19 - Legacy ambitions: what Alexandria hopes Home Team Ventures will be known for 44:15 - The fundamental belief that housing is a human right and societal foundation 46:03 - Addressing societal normalization of homelessness and systemic inequities 47:12 - The importance of incremental progress and a community of changemakers 48:15 - Closing thoughts: building a better world through purpose-driven work Resources & Links: * Home Team Ventures: https://hometeam.vc [https://hometeam.vc] * New Story: https://newstorycharity.org [https://newstorycharity.org] * ICON (3D printed homes): https://iconbuild.com [https://iconbuild.com] * Y Combinator: https://ycombinator.com [https://ycombinator.com] * Kauffman Fellows: https://kauffmanfellows.org [https://kauffmanfellows.org] Connect with Alexandria: * LinkedIn: [Alexandria Lafci on LinkedIn [https://www.linkedin.com/in/alafci/]] * Home Team Ventures on LinkedIn and Twitter/X Connect with Ebony: * Benevolent Advisors: [website] * LinkedIn: [Ebony Brown LinkedIn] * Instagram: @ebonybrown / @principlesofbenevolence * Subscribe to SEEDs Newsletter: [link [https://substack.com/@ebonyabrown]]
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