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Showing posts with the label Venture capital

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

Black People and Venture Capital

I recently gave a talk at the 2015 National Black MBA Association Washington DC Chapter (NBMBAA-DC) Entrepreneurship Expo. My talk, titled “Black People and Venture Capital” available below. I started with a discussion of  the  key financial institution in the country, the Federal Reserve, which controls the allocation of capital via monetary policy, the tools used to control the supply of money. The Fed is located at 20th Street and Constitution Avenue N.W. and I encouraged DC entrepreneurs to visit the institution, since the Fed directly impacts the ability of small businesses to get capital. I also encouraged Black businesses in DC to use the recently established Offices of Minority and Women Inclusion as a powerful potential source of capital and contracts. Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act contains a provision creating an Office of Minority and Women Inclusion (OMWI) responsible for monitoring diversity efforts at the agencies, re

Article on Community Lending from today's American Banker

Fintech for Underbanked: The Next M&A Hot Spot? by   Robert Barba NOV 7, 2013 5:06pm ET Think the onset of consumer protections laws stymied M&A for companies who serve the underbanked ? You're wrong. Between July 2012 and June 2013, there were 85 investment banking transactions involving companies in the financial technology and specialty lending realms that focus on consumers with low-to-moderate incomes, according to a study released  Wednesday . The authors are the Center for Financial Services Innovation and Core Innovation Capital, a $50 million venture capital fund that specializes in the underbanked market. The data show the acquisitions, initial public offerings and equity investments had a combined value of $5.2 billion in capital. The study, which was sponsored by Morgan Stanley, was the authors' first on this topic, so it is unclear if the activity in the year leading up to  June 30  rose or fell from past years. That kind of assessment