rewriting the script on how we invest
Responding to a LI post shared over the weekend, and thank you Daniel Smith, MBA for prompting my response.
"In the first half of 2024, Black-founded U.S. startups secured $228 million in funding, accounting for just 0.3% of the nearly $79 billion raised by U.S. startups overall... This marks a 60% drop from H1 2023 and is a long fall from the $4.5 billion raised by Black founders in 2021. Venture deal flow is also at an all-time low, with only 66 deals completed in the first half of 2024—down 53% from last year. Despite ongoing discussions around diversity in venture capital, these numbers show that the gap is only widening. Black-founded startups are on pace to raise less than half a billion dollars in 2024, setting a new low in the past decade."
"We say we seek greater diversity and equality innovation yet we continue to act without a priority of true inclusion or the appetite for intentional risk needed to expand, growth, and truly transform systems and society."
I left the investment services industry in 2000 seeking MORE alignment, consistently demonstrated, between how people invest and where they say their values and priorities are.
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It felt better to me to forge a new and unknown path than to stay in a system that didn't feed my soul or wasn't actively working towards new, more inclusive pathways of possibilities that are hopeful, solutions-focused, and strengths-based.
Reflecting back on this almost 25-year journey, here's My Top 5 when asked, "How do you think this will be accomplished?"
Here's the invitation - Pull yourself up to 30,000': You are a human being about to walk into 2025 on this planet. What do you want to be remembered for? The pandemic gave us pause and an opening in our consciousness to shift our societal trajectory. There is a softening and an openness to do things differently. Let's go there.
If you'd like to connect and learn more about regenerative media and our vision that intentionally intersects the proactive, positive use of media to fuel greater well-being and human agency, please DM me or visit regenimpactmedia.com.
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