Paul Judge’s Post

August is here, and it's time to shine a spotlight on Black-owned businesses across the globe. As we celebrate Black Business Month, let's recognize the incredible contributions and resilience of Black entrepreneurs who are shaping industries and driving innovation. From pioneering startups to established enterprises, Black-owned businesses are at the forefront of creating jobs, fostering community development, and bringing unique perspectives to the marketplace. This month, let's commit to supporting these businesses by shopping Black, investing in their growth, and amplifying their voices. Here are a few ways you can get involved: 1. Shop Local: Explore and support Black-owned businesses in your community. 2. Promote and Share: Use your platform to highlight and advocate for Black entrepreneurs and their ventures. 3. Engage and Invest: Consider investing in Black-owned startups or initiatives that focus on economic empowerment. Let’s celebrate the entrepreneurial spirit and innovation that Black business leaders bring to our world. Together, we can drive positive change and create opportunities for all. #BlackBusinessMonth #SupportBlackBusinesses #Entrepreneurship #CommunitySupport #DiversityAndInclusion

One area in which racial inequalities are still alarmingly clear is in one in which we operate, financial support for founders. Historically, Black entrepreneurs have encountered significant disparities in securing venture capital (VC) funding, typically receiving less than 2% of total investments annually. The role of financial institutions in this context is undeniable. We must all recognize the need for fairer lending practices, and actively engage in developing strategies that uplift Black entrepreneurship. This Black History Month, we invite you to consider the following questions: 1. What proactive actions can financial institutions take to create more accessible and supportive financing opportunities for Black entrepreneurs? 2. How can angel investors and venture capital firms assist in combating systemic barriers through tailored funding options and mentorship programs? #BHM #BlackHistoryMonth

Kauffman Foundation Explores “How to Rebuild Black Wall Street For Us All” at South by Southwest - [vc_video link="https://lnkd.in/gdPWceDk"] More than a century has passed since the devastating Tulsa Race Massacre, an event that marked the destruction of the affluent Greenwood District, famously known as "Black Wall Street," by white mobs in Tulsa, Oklahoma. Following this dark chapter, Black business districts across the nation faced disruption and decline, grappling with systemic barriers that hindered Black entrepreneurs from accessing essential resources such as capital, knowledge, and networks needed for success. Recognizing the importance of addressing this issue and ensuring inclusivity in entrepreneurship, we engaged a panel of experts in a discussion at the renowned South by Southwest conference in Austin, Texas, in March 2022. Led by Philip Gaskin, the Vice President of Entrepreneurship at the Kauffman Foundation, the panel delved into critical questions about the historical prosperity of Black business districts, the factors hindering their resurgence, and actionable steps to support a revitalization that benefits entrepreneurs of color and strengthens entire economies. The panel explored the historical context, acknowledging the thriving Black business districts during times of segregation and Jim Crow. The discussion highlighted the need for systemic change, emphasizing not only access to capital but also access to knowledge and a broader understanding of the significance of business in generating wealth. Insights from panelists such as Karen Freeman-Wilson, Melissa Harris-Perry, and Neo Frank emphasized the impossibility of replicating Black Wall Street in today's fully integrated society. Instead, they emphasized the importance of reimagining what success looks like for Black business owners in the 21st century. Melissa Harris-Perry underscored the distinction between wealth and income, noting that addressing the wealth gap requires more than individual efforts. Neo Frank called for a paradigm shift that recognizes Black brilliance, creativity, and ingenuity, advocating for policies that level the playing field by increasing access to opportunity, funding, knowledge, and support. In conclusion, the panel emphasized the urgent need for a collaborative approach involving policymakers, private industry, and philanthropy to dismantle barriers and create opportunities for Black entrepreneurs. The goal is to foster a more inclusive future that celebrates Black excellence and contributes to the overall economic empowerment of communities across the nation. Original Source (Ewing Marion Kaufman Foundation)   https://lnkd.in/gWCW2QKR

Kauffman Foundation Explores “How to Rebuild Black Wall Street For Us All” at South by Southwest - [vc_video link="https://lnkd.in/gdPWceDk"] More than a century has passed since the devastating Tulsa Race Massacre, an event that marked the destruction of the affluent Greenwood District, famously known as "Black Wall Street," by white mobs in Tulsa, Oklahoma. Following this dark chapter, Black business districts across the nation faced disruption and decline, grappling with systemic barriers that hindered Black entrepreneurs from accessing essential resources such as capital, knowledge, and networks needed for success. Recognizing the importance of addressing this issue and ensuring inclusivity in entrepreneurship, we engaged a panel of experts in a discussion at the renowned South by Southwest conference in Austin, Texas, in March 2022. Led by Philip Gaskin, the Vice President of Entrepreneurship at the Kauffman Foundation, the panel delved into critical questions about the historical prosperity of Black business districts, the factors hindering their resurgence, and actionable steps to support a revitalization that benefits entrepreneurs of color and strengthens entire economies. The panel explored the historical context, acknowledging the thriving Black business districts during times of segregation and Jim Crow. The discussion highlighted the need for systemic change, emphasizing not only access to capital but also access to knowledge and a broader understanding of the significance of business in generating wealth. Insights from panelists such as Karen Freeman-Wilson, Melissa Harris-Perry, and Neo Frank emphasized the impossibility of replicating Black Wall Street in today's fully integrated society. Instead, they emphasized the importance of reimagining what success looks like for Black business owners in the 21st century. Melissa Harris-Perry underscored the distinction between wealth and income, noting that addressing the wealth gap requires more than individual efforts. Neo Frank called for a paradigm shift that recognizes Black brilliance, creativity, and ingenuity, advocating for policies that level the playing field by increasing access to opportunity, funding, knowledge, and support. In conclusion, the panel emphasized the urgent need for a collaborative approach involving policymakers, private industry, and philanthropy to dismantle barriers and create opportunities for Black entrepreneurs. The goal is to foster a more inclusive future that celebrates Black excellence and contributes to the overall economic empowerment of communities across the nation. Original Source (Ewing Marion Kaufman Foundation)   https://lnkd.in/gWCW2QKR

Today, we pause to honor the legacy of the Black Wall Street community and the lives lost during the Tulsa Massacre of 1921. This dark chapter in our history serves as a poignant reminder of both the resilience and entrepreneurial spirit that characterized Black Wall Street and the profound impact Black-owned businesses have on our economy. Black Wall Street was a thriving hub of innovation and economic activity, showcasing the incredible potential of Black entrepreneurship. From the bustling streets lined with successful businesses to the vibrant community life, Black Wall Street was a testament to what can be achieved when passion and opportunity intersect. As we reflect on this tragic event, let us also celebrate the enduring strength of Black entrepreneurs who continue to overcome obstacles and drive progress. Black-owned businesses are vital engines of economic growth, innovation, and cultural richness, contributing significantly to the diversity and strength of our economies. To all startups and small businesses out there, let’s draw inspiration from the indomitable spirit of Black Wall Street. By supporting and uplifting Black entrepreneurs, we build a more inclusive and prosperous future for all. Together, we can create an environment where every business has the opportunity to thrive, fostering economic empowerment and justice for generations to come. #BlackWallStreet #TulsaMassacre #EconomicEmpowerment #SupportBlackBusinesses #InclusiveGrowth

Did you know that September 30th is recognized as National Black Funding Day? 💰 Spearheaded by Dr. Rashae Barnes, founder of Evans Equity, the holiday’s intent is to honor Black Entrepreneurs in the funding space, shed light on their lack of access to venture capital funding and call attention to educational resources for Black-owned businesses. 💰 Barnes’ Evals Equity company- a 501(c) structured investment fund, works to provide Black women and women of color access to funding. She notes that almost every Black and minority woman she speaks to about funding for their companies, all are almost 99% self-funded from their own pockets. 💰 National Black Funding Day was created to close the funding gap faced by Black-owned businesses, ensuring that more opportunities exist for economic growth and generational wealth in our community. How you can celebrate: 1️⃣ Support Black-owned businesses and startups 2️⃣ Invest in a Black entrepreneur, real estate project or community initiative 3️⃣ Spread the word on social media 💰 Remember, real estate plays a pivotal role in building generational wealth and empowering communities. Building equity in property, you’re creating a legacy, not just for yourself but for future generations! #NationalBlackFundingDay #generationalwealth #blackentrepreneurs #blackowned #blackownedbusiness #minorityownedbusiness #realestateinvesting #realestate #legacybuilding

#BlackHistoryMonth gives us the opportunity to celebrate and learn about the vibrant contributions of the Black community. Not only does this include achievements in literature, music and more, but also contributions in the business world, from Black-led startups to venture firms. As a leader in private company data, we care deeply about spotlighting Black business leaders and giving them the attention they deserve. That’s why we created Diversity Spotlight, which allows entrepreneurs to share diversity data on their company profiles and enables investors to create visibility into the diversity of their portfolios. If you’d like to join us in this effort, update your Diversity Spotlight data within Crunchbase. We hope that together, we can shed light on Black entrepreneurs looking for funding while driving VC accountability for investing in Black-led startups. Update your Diversity Spotlight data here: https://bit.ly/3UOzP2x

Barriers to entry for Black entrepreneurs are multifaceted and deeply rooted in historical, social, and economic contexts. One of the most significant barriers is access to capital. Black entrepreneurs often face challenges in securing loans or investments due to systemic biases within financial institutions. This can be attributed to a lack of generational wealth, which affects credit scores and the ability to provide collateral. In addition, the racial wealth gap means that Black entrepreneurs are less likely to have personal or family resources to fund their ventures. This lack of access to capital severely limits the ability to start or grow a business, stifling innovation and further perpetuating economic disparities. At Formation Ventures, our mission is to positively impact the lives of Black entrepreneurs, while fostering innovation through entrepreneurship. Are you a Gen Z seeking entrepreneurial education and community? What challenges have you faced in launching your venture?

Join us in the Zone👊🏿 We are so excited to announce that Black Entrepreneurship Alliance, Black Founders Network, Nobellum, Federation of Black Canadians, Black Opportunity Fund, BlackNorth Initiative, DMZ, Tribe Network, and African Impact Initiative are uniting to form the Black Innovation Zone - featured at this year’s Collision Conf 2024! 🎉This collective is dedicated to increasing access and visibility, by amplifying the voices and innovations of Black founders, investors and professionals across Canada and beyond.🙌🏿 The Black Innovation Zone is more than just a collective; it's a movement aimed at empowering Black entrepreneurs, investors and professionals by providing them with the platform they need to showcase their talents on an international stage. Our goal is to foster professional development, community building, and to serve as a beacon for those navigating the challenges faced by Black founders in the tech industry and other sectors. Join us at our booth (E167) during Collision week, and stay tuned for exciting updates about the events, opportunities and activations we will be curating for Black innovators. We’re here to promote cross-cultural collaborations and inclusivity within the global business ecosystem. It's time to share the stories and innovations of Black founders at Collision. 🎉Here's to building a legacy and creating a road map for future Black innovators in Canada and around the globe! 🌍 Help us shape the Black Innovation Zone experience, by filling out our programming survey in the link below. With your feedback, we can continue to build for the community, with the community. 💪🏿 https://lnkd.in/gkUXq4nt #BlackInnovationZone #Collison2024 #TechConference #BlackEntrepreneurs #ProfessionalDevelopment #Community 

🌏𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗢𝘂𝗿 𝗙𝘂𝘁𝘂𝗿𝗲: 𝗧𝗵𝗲 𝗟𝗲𝗴𝗮𝗰𝘆 𝗼𝗳 𝗕𝗹𝗮𝗰𝗸 𝗪𝗮𝗹𝗹 𝗦𝘁𝗿𝗲𝗲𝘁 𝗔𝗩𝗟🌏 At Black Wall Street AVL, we’re more than just a hub for Black-owned businesses; we’re a movement dedicated to economic empowerment, cultural celebration, and community resilience. Our mission is to create lasting change by providing Black entrepreneurs with the tools, resources, and support they need to thrive in today’s competitive market. Did you know? Black-owned businesses play a crucial role in their communities, offering culturally rich products and services that honor Black heritage and identity. Despite systemic challenges, these businesses generate significant economic impact, create jobs, and inspire the next generation of entrepreneurs. Black Wall Street AVL is here to bridge the gaps—whether it’s through our mentorship programs, business development workshops, or networking events, we’re committed to leveling the playing field. By empowering Black entrepreneurs, we’re not only supporting individual success but also strengthening the entire community. Join us in building a future where economic equity and cultural pride go hand in hand. Together, we can continue the legacy of Black Wall Street, paving the way for a more inclusive and prosperous tomorrow. 🔗 Ready to explore and get involved? Dive in now: https://lnkd.in/gZmegQS9 #EconomicEmpowerment #BlackWallStreetAVL #CommunityStrength #SupportBlackBusiness #CulturalPride #LegacyBuilders