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Showing posts with the label Black women

An Impact Analysis of Goldman's "One Million Black Women" Initiative

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Goldman Sachs announced the launch of One Million Black Women, a $10 billion investing initiative focused on narrowing opportunity gaps for one million Black women. In reviewing the program, we focus on potential program effectiveness. We also review possible social impact.  Goldman Sachs, a banking organization headquartered in New York, has a reputation for political savvy. Many economic policymakers in the Trump, Obama, Bush and Clinton Administrations, from Treasury Secretary to National Economic Committee chairs have been former Goldman employees. (While the Biden Administrations seems to have limited the number of ex-Goldman employees on staff, they are still present - SEC nominee Gary Gensler, for example.) The bank is also known for rushing to change from investment to commercial banking registration days before the financial crisis of 2008 took root. One Million Black Women The firm has pledged to invest $10 billion in Black women led companies and initiatives over the next te

How to Finance a Black Women-owned Business in 2020

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Maggie Lena Walker was the first female bank president of any race to charter a bank in 1902. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation." Of course, we've known this for some time. We launched MinorityFinance.com in 1998 and noted that 65% of the inquiries from the site came from Black women. The key issue then, and now, is money: "according to the Diane Project, black female founders are only able to raise an average of $36,000 in venture funding, while start-ups owned mostly by white males have received on average $1.3 million." We provide data-based advice and instruction, based on our years of experience, to help you over this hurdle. Our webinar provides information on the current state of Black women businesses. We p

List of Black Women who work for venture capitalists

The following lists some of the Black women working for VC firms. While we think this is a good sign, remember - the problem is with the VC model itself, not with the color or gender of the people who populate the firms. You're still not going to be able to get money from these firms unless you fit the demographic they prefer. See: Small Business Financing, Black People and Venture Capital Black Woman VCs (click on their name to be taken to their Crunchbase profile...or look them up on LinkedIn.) Jacqueline Grant Principal, Abingworth Karen Kerr Executive Managing Director GE Ventures Nicole Walker Partner, Venture Capital – Healthcare Baird Capital Candice Matthews Co-Founder and Executive Director Hillman Accelerator Tracy Gray Founder and Managing Partner The 22 Fund Abyah Wynn Co-founder and Managing Director Twenty65 Fund Monique Idlett-Mosley Managing Partner Reign Ventures Erica Duignan Minnihan Founding Partner 1000 Angels and Re

How to Finance a Black Women-owned Business in 2019

Following our successful 2018 webinar, we are pleased to announce the launch of our latest online class, " How to Finance a Black Women-owned Business in 2019." The class is hosted on Udemy, "the leading global marketplace for teaching and learning. Udemy helps organizations of all kinds prepare for the ever-evolving future of work." Their "curated collection of top-rated business and technical courses gives startups, companies, governments, and nonprofits the power to satisfy entrepreneurs' hunger for learning and development." Our efforts are a fresh approach to providing targeted, up-to-date information in this space. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation." Of course, we've known this for some time,