How Black Investors Have Led the Charge to Close Funding Gap for Entrepreneurs

From Crain’s New York:

“If you believe, as I believe, that human beings have an even distribution of talent regardless of gender or race, then venture capitalists should be investing something like 50% of their money in women and people of color,” Baird said. “So something is wrong there. It is an extremely unpleasant experience to go and negotiate investment with an industry structurally opposed to investing in me.”

Donnel Baird, Columbia Entrepreneur and founder of BlocPower, just raised $63 million investment backed by Goldman Sachs and American Family Insurance. He talks to Crain’s about his journey and his own angel investment in and mentorship of entrepreneurs like Tony Lashley, an
MBA student at Columbia Business School.

Read more here (subscription required). 

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