Venture Capital Black America
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Venture Capital Black America
creating a private equity investment community
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Venture Capitalists Aren't Investing In Black Entrepreneurs

Venture Capitalists Aren't Investing In Black Entrepreneurs | Venture Capital Black America | Scoop.it
Investing in high-growth companies creates jobs while generating more wealth for investors. The formula has worked for the private venture capital investment community. Unfortunately, no such active community exists in black America.

 

If Black America is to change the current paradigm of a widening wealth gap compared to White America and a rate of unemployment consistently much higher than the national average, it must recognize an immediate need to establish its own private equity investment community and establish strong ties with the current infrastructure that has decades of experience.

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Buying Power of Black America - Indianapolis Recorder

Buying Power of Black America - Indianapolis Recorder | Venture Capital Black America | Scoop.it
Buying Power of Black America
Indianapolis Recorder
With the nation slowly recovering from recession, businesses need to develop strategies for regaining and increasing their share in the Black American economy.
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Venture Capitalists Aren't Investing In Black Entrepreneurs | Black ...

Venture Capitalists Aren't Investing In Black Entrepreneurs | Black ... | Venture Capital Black America | Scoop.it
... Black America. This week, the National Venture Capital Associationand the Angel Capital Association meets in Boston for the ACA Summit (April 4-6, 2011) and NVCA Annual Meeting (April 6-8). ...
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Startup Culture and the Neglected Role of Public Schools

Startup Culture and the Neglected Role of Public Schools | Venture Capital Black America | Scoop.it
Plenty of would-be entrepreneurs are sitting in our K-12 classrooms, but they're not getting the help they need to become the innovators who could boost our economies.
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PayPal to Give Small Businesses Access to Working Capital in Minutes - Entrepreneur

PayPal to Give Small Businesses Access to Working Capital in Minutes - Entrepreneur | Venture Capital Black America | Scoop.it
Entrepreneur
PayPal to Give Small Businesses Access to Working Capital in Minutes
Entrepreneur
Online payments company PayPal launched a lending platform today whereby small-business owners can apply for access to capital and be approved in minutes.

Via Skip Boykin
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TID *Industry News*: The Search For Minority Entrepreneurs Is Over ...

TID *Industry News*: The Search For Minority Entrepreneurs Is Over ... | Venture Capital Black America | Scoop.it
... apply to African-Americans, it also included women and Hispanics. The dialogue reached its peak by various snippets from the CNN's “Black in America 4” documentary and niche tech blogs. ...
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Innovation Park looks toward expansion

Innovation Park looks toward expansion | Venture Capital Black America | Scoop.it

Notre Dame provides a great example for HBCU's. Dave Brenner, Innovation Park's president and CEO, describes the Park as a bridge between the University and the marketplace.

 

Innovation Park, located just south of Notre Dame's campus, provides short-term space and advisory services to entrepreneurs while they start new companies. Its client companies either have previous ties to the University or are looking to make connections to resources at Notre Dame.

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African Americans Only 1% of Internet Start-up Founders | Black Web 2.0

African Americans Only 1% of Internet Start-up Founders | Black Web 2.0 | Venture Capital Black America | Scoop.it
Black Web 2.0 has written about the importance of securing funding for Internet start-ups at various stages from the great idea to contracting the know-how...
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Will Romney’s Run Expose Lack of Diversity in Private Equity Industry?

Will Romney’s Run Expose Lack of Diversity in Private Equity Industry? | Venture Capital Black America | Scoop.it

In 21st century America, as opposed to 20th century America, shouldn’t private equity and venture capital invest in all talent pools to prepare and better equip the deal flow pipeline to contribute to and compete in America’s innovation economy?

 

What was Governor Romney’s record on economic inclusion in Massachusetts, a hotbed of entrepreneurial innovation?

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Creating an 'Ecosystem' for Minority Entrepreneurs

Creating an 'Ecosystem' for Minority Entrepreneurs | Venture Capital Black America | Scoop.it

To foster entrepreneurship among minorities and in urban centers, a concentration of wealthy investors and academic, government and business institutions need to combine forces.

 

Urban centers across the country need to develop "ecosystems" that support entrepreneurs, particularly those whose rapid-growth companies create jobs in minority communities.

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Former NFL Player Sees Competitive Role for Black Press : Black Innovation

Former NFL Player Sees Competitive Role for Black Press : Black Innovation | Venture Capital Black America | Scoop.it
Johnathan Holifield may no longer be taking hand-offs for the Cincinnati Bengals but this retired NFL running back brings that same focus and passion to a...

 

“We have discovered that the minority press, particularly the Black press has not taken up this exploration and can not describe the kinds of innovation and transformation that is taking place here. We need journalists that can help our readers connect to these opportunities — it is imperative.

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Startup Black America... Where Do We Start?

Startup Black America... Where Do We Start? | Venture Capital Black America | Scoop.it
I propose we invest in creating an entrepreneurial ecosystem with a goal of generating 150,000 jobs in the next 12 months.

 

"Perhaps we can start our discussions within a framework in which questions are addressed with solution-oriented ideas. I propose we use our HBCUs, urban communities and our churches as "meetup" locations to engage in community-level "Startup Black America" partnerships."

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Missing: Black Angel Investors

Missing: Black Angel Investors | Venture Capital Black America | Scoop.it
We've complained bitterly about conditions controlled by the majority demographic, but ignored opportunities to invest in establishing a viable entrepreneurial ecosystem to generate new jobs.

 

The reality is Black America is, by most any measure, suffering an economic DEPRESSION. And the way out of any economic downturn is through high-growth entrepreneurship.

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How Software Is Eating Venture Capital

An entrepreneur I met recently has several Sand Hill Road venture capitalists (VCs) eating out of his hands. Having launched their product on Kickstarter, they are collecting in pre-orders at the rate of upwards of $20,000 a day. With $3 million in pre-orders at hand, VCs are begging to invest – or get in on this opportunity. The pre-money valuation has risen into the “obscene” category. Without Kickstarter, this company would have been laughed out of any VC meeting with a terse comment – “we don’t do hardware!” As Marc Andreessen correctly pointed out, software is eating the world. And now software is eating venture capital! Online portals like Angellist may have just begun nibbling at toes of Sand Hill road. VCs are burying their head in the sand (or silicon, depending on the geography).Foundry Group is one of the first VCs to look at this wave as an opportunity (as opposed to a threat) and have launched FG Angels syndicating investments via AngelList. Give such online marketplaces a few more years and it will reconfigure the VC landscape completely.

 

There's a lot more to this article, click on the title to read more.

 

 

Get your Free Business Plan Template here:

http://bit.ly/1aKy7km
Looking for VC capital? Learn from the best, watch this presentation by the CEO of Growthink: 'VC Pitch Formula'
Via Marc Kneepkens
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Marc Kneepkens's curator insight, October 3, 2013 8:13 PM

Insightful article on how the VC world is changing. The language gets a bit ugly (bitches?), but a reply in the comments really takes care of that.


Want to know more about getting funded? Check www.Business-Funding-Insider.com, and also use the FREE listings to promote your project to investors:http://www.business-funding-insider.com/deal-flow-listing.html


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Morehouse Alumni Create Black-Based Crowdfunding Platform ...

Morehouse Alumni Create Black-Based Crowdfunding Platform ... | Venture Capital Black America | Scoop.it
According to one of the six co-founders, Nathan Bennett Fleming, 28, BlackStartup is the first Black-owned business to be awarded the Yale Entrepreneur Institute Fellowship, which granted the company $20,000 in seed money and a ...
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Black and Latino Wealth Plummets to Record Lows - Washington Informer

Black and Latino Wealth Plummets to Record Lows - Washington Informer | Venture Capital Black America | Scoop.it
Washington Informer Black and Latino Wealth Plummets to Record Lows Washington Informer The State of Housing in Black America reveals that while the private sector and financially secure consumers recover financial ground from the Great Recession,...
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Virtual campuses on the rise thanks to broadband | Capital Campus

Virtual campuses on the rise thanks to broadband | Capital Campus | Venture Capital Black America | Scoop.it

Hassan Ahmed is a Bachelors of Business Management ­final year student from Wajir. The Northern Kenya town has few high schools let alone institution of higher learning. Ahmed would have relocated to Nairobi or one of the major cities to get a chance to pursue a degree. But thanks to virtual campuses, Ahmed will graduate with a BBM degree next year.

 

“The virtual campus provides quality education and students have access to standard course materials and online lectures” says the Mount Kenya University student.


Via Abraham Tumuti
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“Greed Trumps Race”: How To Be A Successful (African) American in Silicon Valley | TechCrunch

“Greed Trumps Race”: How To Be A Successful (African) American in Silicon Valley | TechCrunch | Venture Capital Black America | Scoop.it
Editor's note: Dr. Paul Judge is a serial entrepreneur and investor. He is Chief Research Officer at Barracuda Networks, co-founder and Chairman of Pindrop and Limitless Smart Shot, and previously led three companies to successful exits.
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Nielson Company: African-American consumers vital and growing ...

Nielson Company: African-American consumers vital and growing ... | Venture Capital Black America | Scoop.it
A new study by the The Nielson Company; African-American Consumers: Still Vital, Still Growing 2012 Report, suggests that black consumers are not only a vital socio-economic group but a growing one. Together with the ...
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Minorities Need To Turn To Each Other For Venture Capital, Says New Study

Minorities Need To Turn To Each Other For Venture Capital, Says New Study | Venture Capital Black America | Scoop.it

Despite an increasing level of development in African American entrepreneurship, venture capitalists have yet to show real interest Jump Start Inc’s chief economic inclusion advisor says that it’s up to local communities across the country to foster a greater sense of inclusion for entrepreneurs attempting to secure financial support.

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Through Financial Crisis, Young African-American Investors Try to Focus

Through Financial Crisis, Young African-American Investors Try to Focus | Venture Capital Black America | Scoop.it

While African-Americans have continued to lag their Caucasian counterparts in saving and investment habits, a rising number of young blacks serious about investing are working to close the gap.

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Minorities Need To Turn To Each Other For Venture Capital, Says New Study

Minorities Need To Turn To Each Other For Venture Capital, Says New Study | Venture Capital Black America | Scoop.it
Despite an increasing level of development in African American entrepreneurship, venture capitalists have yet to show real interest.
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Why Black America Creates Virtually No Jobs & What We Can Do About It

Why Black America Creates Virtually No Jobs & What We Can Do About It | Venture Capital Black America | Scoop.it
95 percent of black-owned businesses created between 2002 and 2007 had no employees. A technology journalist and community organizer explains why our businesses stagnate and what we can do about it.
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The divide

The divide | Venture Capital Black America | Scoop.it
Mike Green wants black America in the 21st-century tech economy. He plans to start the revolution in one of the country’s whitest cities.

 

Programs that try to alleviate the economic inequities plaguing African-American communities are nothing new. But America21 is one of the first groups to target high-tech and Internet ventures, and to try and create a comprehensive solution focused on science, technology, engineering and math (STEM) education, as well as access to risk capital and “high-growth” entrepreneurship.

Read more: The divide http://www.oregonbusiness.com/articles/116-july-august-2012/7702-the-divide#ixzz24XbvwGmC

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No Excuses: Galvanizing Black Innovation and Capital

No Excuses: Galvanizing Black Innovation and Capital | Venture Capital Black America | Scoop.it
It is time for Black America to invest in developing a private capital equity investment infrastructure and a high-growth entrepreneurial ecosystem.

 

Black Americans MUST be willing to invest in Black America. How embarrassing is it to beg White power brokers in government and corporate America to do exactly what we are not willing to do?

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