Category Archives: Minority Entrepreneurs

Entrepreneurs of Color Fund Expands to the Bronx and San Francisco

Building on the track record of its Entrepreneurs of Color Fund in Detroit, JPMorgan Chase is expanding the program to the Bronx and San Francisco. The two new loan funds, totaling more than $5 million, will provide much needed capital and technical assistance to minority-owned small businesses. San Francisco and New York City’s tech startups are hardly struggling. But […]

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Helping Dollars Circulate in African American Communities

August is Black Business Month. But we would be honored to run this interview with YaVette Holts any month of the year. Holts is founder of  BAOBOB – the Bay Area Organization of Black Owned Businesses (BAOBOB), a network for black-owned businesses and customers who want to keep dollars circulating within the African-American community. The BAOB […]

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Helping Dollars Circulate in African American Communities

August is Black Business Month. But we would be honored to run this interview with YaVette Holts any month of the year. Holts is founder of  the Bay Area Organization of Black Owned Businesses (BAOBOB), a network for black-owned businesses and customers who want to keep dollars circulating within the African-American community. BAOBOB’s directory lists […]

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As Regulation Crowdfunding Turns One, Progress For Women and Minority Entrepreneurs

As its first full year draws to a close, Regulation Crowdfunding is making progress in breaking down barriers to capital for a wide range of entrepreneurs. But the flow of capital to women, minorities and rural entrepreneurs who stand to benefit the most from the new law is still just a drop in the bucket. […]

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A New Accelerator Sets Black Business Owners up for Success

The wealth disparity between Black and White Americans is widely documented—Black households across the country average about one tenth the median net worth of White households. In Washington, D.C., that gap is more like a chasm: White households have a net worth 81 times greater than the District’s Black households. The reasons for the national […]

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From Doorman to Venture Capitalist by Age 24. Meet John Henry

When I first met John Henry—at a startup party, fittingly enough—he had recently sold his first business and was launching Cofound Harlem, a startup incubator in the historic upper Manhattan neighborhood. He possessed an infectious charm and energy, which might have been chalked up to youthful naiveté. But Henry, now a partner with Harlem Capital […]

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Minorities Lag in Crowdfunding, Study Says

Women and minority entrepreneurs have long been at a disadvantage when it comes to raising seed and growth capital for their ventures. That’s one reason why there was so much excitement about the JOBS Act. By cutting out the gatekeepers and allowing entrepreneurs to appeal directly to their communities and the general public, investment crowdfunding […]

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A New Funding Tool Aims to Fill the ‘Friends & Family’ Gap for African American Entrepreneurs

When starting a new venture, entrepreneurs have long been told to reach out to their friends and family for their initial seed capital. And in the crowdfunding age, early support from a close social network can make or break a fundraising campaign. Yet the concept of friends & family funding can be baffling to entrepreneurs […]

As Population Becomes More Diverse, Funding Options Grow

The gorgeous mosaic that makes up the U.S. is becoming more so. African-Americans, Asian Americans and Hispanics collectively account for 38% of the U.S. population, and are expected to surpass 50% by 2044. And the Millennial generation is not only large, it is the most racially diverse in the nation’s history. This multi-culti melting pot […]