This was a strong pitch even though we didn't hear about particular industries or target ROI. Great seeing young guys like this making moves and sharing the insights with others.
You show how to make profit and compete with existing investment firms, then our diversity is irrelevant. This, like the rest of .... is focused on the wrong thing. Define "Diverse Founders & Diverse Investors" for me.... 🤨
@@scarfejs_ in this planet, it's diverse. In social hierarchies that humans have constructed, people are favored for characteristics such as race, gender, sexual orientation, etc.
Don't invest based on people's race. It's insignificant in capitalism and will only lead to inefficiencies and lost opportunity. That goes for everyone.
This should show The younger generation that it is not all about being a rapper or a drug dealer or an athlete to make it in life you can actually do it with having a brain and having a plan and working with people to get far this is awesome stuff I love it
Idk why you're making an equivocation with a drug dealer with legitimate careers like musicians and athletes. They're not underneath people with college degrees, especially of the liberal arts kind.
Honestly from a child I always wanted to an Actor or Entrepreneur but my mother always told me I couldn’t do it everyday should just go the generic route in life...as I just turn 22 I’m feeling like I can’t live up to my potential, I just don’t know where to start I guess...
@@NoLimitsHtx you absolutely can do it and if you need a cheerleader please reach out to me because I felt like you once but I realized we only have one life and if we don’t live it to the fullest it would make you sad, and not only you but your mother and anyone who told you to give up on your dream will come to the realization that they shouldn’t have said those things to you one day. So take that leap of faith and build build build because there’s nothing more satisfying than knowing you put your mark on this world no matter how big or small
To some investors, it's not only about maximizing returns. Those who care about a particular cause, can make some concessions in expected return for social return. Think of social impact as a spectrum, where on one extreme you have philanthropy (maximize social returns) and the other is capitalism (maximize capital gains). As the investment mindset moves from philanthropy to capitalism, you can balance between social and capital returns. The space between includes investments in social enterprises, (non)/concessionary funds, ESG funds. All of this is a relativity untapped source of capital, and these guys clearly know that. That's their value proposition. So, it's actually quite refreshing to see both impact-driven fund managers and investors. Obviously very sharp guys- they'll do great. I'm cheering them on!
LOVE it. I contacted them early last year and my team has been working diligently to get our startup to the light of day. Love seeing how they presented their concept. Brilliant!
Koodos to the VC guy, Ron Moelis for investing ahead of time into something that we see 2 years after that it is/was the right thing to do. Also congrats to John Henry for being a visionary and tackle this head on.
John that was an amazing pitch. I love seeing the inside look at meetings like this. Gives me a look as to how I should go about my pitch meetings with the local lenders in Ohio.
this just sounds like a PR stunt, not real business... first, you need to explain how disproportionally investing in "people of color" is going to make money. There is no real talk about money or ROI... this is just about feelings and being nice. I bet this guy didn't invest anything or if he did, he did the minimal amount just to claim the PR experience, or write off as a charity.
Networking is a huge barrier for people that do not come from communities with resources. It isn't just minorities, but rural communities as well. In terms of VCs overlooking Woman and Minorities, that isn't the case today. Most VCs are doing whatever they can today to increase these investments. Many are greater than 50% vested in those categories. I am not sure when this was filmed, it may have been different. Regardless, this was a great pitch by some solid guys. Thank you for filming and sharing!
I absolutely commend this and wish the HCP team all the very best - more diversity in VC can only be a good thing. I would never seek to detract from what you are doing. However, speaking as VC-funded entrepreneur, you have two major weaknesses. The first is that none of your partners have ever started, run, scaled or sold a startup. You look, dress and think like bankers. It would be hard for me to feel that you have really been in the trenches and have empathy with me, so good luck expecting me to take your coaching (unless it's on fundraising) - especially as you're only targeting a 5-10% stake. If you can get someone on your team who is an entrepreneur with exits under his/her belt, that would make a big difference. The second weakness is that you don't like to invest at the true early-stage level. You want to see proven demand / traction etc. first - background wise, that's what you're used to dealing with. However, this is actually counter to your philosophy of helping minority founders to come up, because they will have to try their luck with the very white investors you are trying to diversify from - and that will constrain your deal flow.
This investor guy is absolutely too nice to be true, 99% of the time you gonna meet killer whale sharks. You better have a good ROI in your plan, cos fancy words and minority formalities wont do nothing, its about the numbers.Cos in real life they would dissect like an insect and will spit you out cold on the side walk before you know it
That's true sometimes... this guy happens to be a legitimately nice guy. That's why he even accepted the pitched on TV in the first place. Most sharks would've said No to the TV crew.
It's hard to predict return on VC's. It's more evaluated on problem, solution, and disruption. It's hard to calculate return, revenues and expenses on companies that just started. There is no projection on cash flows. It's even more risky than private equity. Peter Thiel gave FB half a mill for 10 percent and when it went through a series B -C funding, his half a mill was like multiplied by like 1000x
Love seeing these guys kicking doors in! But VICE, why is "Hustle " in the title? This is a legitimate business proposal between professional s and an investor not someone selling tshirts in a barbershop.
@@SanskarWagley I've been using for a great portion of my life so I am familiar. The point I was attempting to make was was they notion that financial endeavors of African people are "hustle" be it professional or not. When I was in high school selling sneakers that was a hustle, currently I'm a nurse going to and I don't consider myself a hustler.
Starting a business based on the foundation of excluding a particular race and gender? Doesn't matter who it's against, racism is racism and sexism is sexism.
Diversity focus VC but they go ask a majority own fund for capital instead a minority own fund manager. Ron to avoid looking bad on TV give them $250k to sent them out of the door which is way less than advertising exposure he got for appearing in the show. FYI, The owner of VICE is from Pakistan a minority and may have more money than Ron to help you guys with this fund. Big Papi, Robinson Cano, Albert Pujols, Jose Reyes and Alex Rodriguez also a list of potential investors which I think will better understand your mission. Nevertheless still a great idea just need to realign the execution. God Bless!
Education is so important. There’s so much lack of education, experience, and a lot of this is pandering to the process of accessing capital to look the part. Real businessmen don’t start a business by running debt or equity financing against their non existent P&L. Stay in school guys.
Interesting that Vice portrayed John Henry as the lead guy in the group of young investors when he was in fact a Venture Partner and not Managing Partner..likely because John was more of a public figure than the others....wonder why John ultimately parted ways with Harlem Capital...always felt like he was more of an entrepreneur than a investor-type...entrepreneurs need the space to be creative and think big and boldy...maybe John realized he could do more by getting outside of the box
3:53 The awkward relate "I have a (ahmm) daughter who just started a business so...". This is why their VC fund is so important. Yes green is green. But if you can get green within a homogenous crowd why would you actively look or risk investing outside that circle. That outside of the box thinking is just awkward and "risky". "Better to stick with what you know". In a nutshell, their VC fund will help investors diversify with different looking, visionary companies with a level of trust and more ease. And at a discount too because 100k, 500k really ain't shit in the VC game.
Because even a mediocre idea can make money, but if the mediocre idea comes from an under privileged network they would potentially have less opportunity than this historically advantaged groups. It's the entire premise of what you just watched.
Trav M you’re implying that minority should get special treatment funding simply because they are minority even if they have a bad idea. What makes them deserve it more than someone with a better idea
Money should only look at merit not skin/gender. If people discount people because of skin/gender take advantage but you ask any VC they love green over picking skin colour.
Great pitch! Just a thing I would have improved is that when they read the percentages of women/blacks in funded business read out interesting stats on their performance. But overall I really think they are on the right track.
Business wise, ok plan. For the rest, capitalism at his best: our only criteria is that you are a Latino and you have a product-market fit. If your company purpose is to exploit communities, we are a fine with that. That "we want to do good and do well" hides so much ideology behind it
''bias'' aside, wouldn't you think those receiving funding maybe just... deserve it and that there is a correlation between skin tone / ethnic background and funding but not a causation?
You have to have money or access to money in order to get going. A lot of these well known multimillionaires and billionaires got their first round of funding through their family connections (or they were already wealthy). How is the average black person supposed to find those connections if their parents and grandparents didn't have the same opportunities as whites, and therefore don't have the generational wealth or connections to fund their ventures? That's what these guys want to do, they want to provide that source of funding
The minute they said “diverse” is the leading qualification, it’s was a no from me. It shouldn’t matter about race, gender, sexual preference. Wouldn’t expect anything better from Vice of course.
It shouldn't matter but unfortunately these factors hold people back, did you also hear the phrase "unconscious bias"? Most of us have it, we tend to trust people we have more in common with, it's a fact and if most investors are white then it's not surprising that minorities and women lose out on getting investment for their start-ups.
The notion that "the only color an investor cares about is green," would work in an ideal world maybe but that statement is simply NOT true. In Finance, there is bias, it carries over to how companies are viewed, their management teams etc.,. We need to invest in the best company/opportunity. However, we also need to understand that often times minority entrepreneurs are not given the same opportunities despite merit.
Calling a VC a racist in the first 30 seconds of a pitch, while on video, is an interesting hook. 😆 I know it's not a direct quote, but that was the point of showing the numbers of who was investing to whom as it pertained to skin color and gender. I find that funny. 😆
"We go with if the founders are non white males..." Tells you all you need to know folks. Don't invest based on race. Invest based on great products/ideas, finances, and founders/management team.
this is funny , they wrapped up a minimum 6 month of negotiation in 6 min meeting . at least ask your ceo i am sure he know more about investing than who ever made this
Dope... should definitely look into the Zoom Video IPO. Put a nice chunk of money there, maybe some Mongo and Zscaler and no need to pitch Investors in 5 years. Good luck fellas
Question ? I’m not sure what papers or booklet they have, but I’m guessing they that’s the business plan, are you required to have it during the meeting? And do you have to speak professional like using big words and stuff?
I thought this was a vey interesting and enjoyable movie and I would have liked it but I didn’t because I wasn’t amused by the racial/ minority play, I know that businesses with diverse founders may be less likely to find investors due to bias however that does not give a venture capitalist company the right to choose entrepreneurs based on their gender, heritage, or skin color. Frankly as a minority I was offended by this video and feel that it should be flagged for all the “reverse bias” for lack of better words because I know how it feels to be the victim.
So you "know that businesses with diverse founders may be less likely to find investors due to bias" which basically means that VCs "choose entrepreneurs based on their gender, heritage, or skin color" But it is not ok for a VC to look after those victims of those biases. Makes sense !
I understanding giving minority business owners the ability to receiver funding for their businesses is a great idea. However, i do not think as a venture capitalist you should not invest in a potentially lucrative company based on someone not meeting a requirement based on skin color or gender. It almost sounds like reverse discrimination.
How can there be in effect "reverse" discrimination when white males get 98% of the checks and minorities get 2%? The reverse of that is that minorities get 98% and the rest get 2%. We don't live in that world. This is obviously a MAJOR problem that Harlem Capital wants to address. Is the 98% available to everyone else not enough?
So... Let me get this right. They are trying to level the playing field and your best reply is talking about someone that is not in the lenders demographics and noting the fairness of that. Well ain't that hilarious. Bank have long ignored non-white ideas, visions, dreams and hopes in self-employment, home ownership, car loans or even larger scaled business ventures (home flippers) etc.. So they can always go to a traditional lender and be heard where, calls go unanswered or reason "Why" they can not lend to a Start-Up. Ask a few non-white business owners and you'll hear similar stories of rejection. As a matter of information sharing and said to you in a non-confrontational tone of writing.
![ทุกครั้งที่หลับตา (Lucid Dream) - AYLA's [ Official MV ]](http://i.ytimg.com/vi/4i1OBAQyv58/mqdefault.jpg)
This was a strong pitch even though we didn't hear about particular industries or target ROI. Great seeing young guys like this making moves and sharing the insights with others.
@Nathan do you know where I could find similar pitches?
The richer you get the smaller the waterbottles get hahaha
LOL
lmao
Gotta save cost. Lol.
HA
We need more of this level of content. Showing young diverse people making big moves.
@@scarfejs_
When people say diverse, what they really mean is not white.
Facts
You show how to make profit and compete with existing investment firms, then our diversity is irrelevant. This, like the rest of .... is focused on the wrong thing. Define "Diverse Founders & Diverse Investors" for me.... 🤨
@@scarfejs_ in this planet, it's diverse. In social hierarchies that humans have constructed, people are favored for characteristics such as race, gender, sexual orientation, etc.
for real though
Don't invest based on people's race. It's insignificant in capitalism and will only lead to inefficiencies and lost opportunity. That goes for everyone.
This should show The younger generation that it is not all about being a rapper or a drug dealer or an athlete to make it in life you can actually do it with having a brain and having a plan and working with people to get far this is awesome stuff I love it
Idk why you're making an equivocation with a drug dealer with legitimate careers like musicians and athletes. They're not underneath people with college degrees, especially of the liberal arts kind.
@@traplover6357 Not to mention it's preposterous to think one doesn't need a brain to be a success in those carreers he's looking down on
Congratulations James, you win the Idiot of the day prize.
Honestly from a child I always wanted to an Actor or Entrepreneur but my mother always told me I couldn’t do it everyday should just go the generic route in life...as I just turn 22 I’m feeling like I can’t live up to my potential, I just don’t know where to start I guess...
@@NoLimitsHtx you absolutely can do it and if you need a cheerleader please reach out to me because I felt like you once but I realized we only have one life and if we don’t live it to the fullest it would make you sad, and not only you but your mother and anyone who told you to give up on your dream will come to the realization that they shouldn’t have said those things to you one day. So take that leap of faith and build build build because there’s nothing more satisfying than knowing you put your mark on this world no matter how big or small
To some investors, it's not only about maximizing returns. Those who care about a particular cause, can make some concessions in expected return for social return.
Think of social impact as a spectrum, where on one extreme you have philanthropy (maximize social returns) and the other is capitalism (maximize capital gains). As the investment mindset moves from philanthropy to capitalism, you can balance between social and capital returns. The space between includes investments in social enterprises, (non)/concessionary funds, ESG funds. All of this is a relativity untapped source of capital, and these guys clearly know that. That's their value proposition.
So, it's actually quite refreshing to see both impact-driven fund managers and investors.
Obviously very sharp guys- they'll do great. I'm cheering them on!
LOVE it. I contacted them early last year and my team has been working diligently to get our startup to the light of day. Love seeing how they presented their concept. Brilliant!
Did your business venture come to fruition?
Koodos to the VC guy, Ron Moelis for investing ahead of time into something that we see 2 years after that it is/was the right thing to do. Also congrats to John Henry for being a visionary and tackle this head on.
“We think about doing well and doing good at the same time”. Very subtle and concise what you said 😂
John that was an amazing pitch. I love seeing the inside look at meetings like this. Gives me a look as to how I should go about my pitch meetings with the local lenders in Ohio.
Yes felt the same way.
I love how they all took turns making the presentation. 😊
this just sounds like a PR stunt, not real business... first, you need to explain how disproportionally investing in "people of color" is going to make money. There is no real talk about money or ROI... this is just about feelings and being nice. I bet this guy didn't invest anything or if he did, he did the minimal amount just to claim the PR experience, or write off as a charity.
This guy debated against Tai Lopez
Which one?
Moynulamin amin John Henry. The one in the middle.
damn that was awhile ago
Yup! I remember!!
Yea looked like a fool in that
Networking is a huge barrier for people that do not come from communities with resources. It isn't just minorities, but rural communities as well. In terms of VCs overlooking Woman and Minorities, that isn't the case today. Most VCs are doing whatever they can today to increase these investments. Many are greater than 50% vested in those categories. I am not sure when this was filmed, it may have been different.
Regardless, this was a great pitch by some solid guys. Thank you for filming and sharing!
This was amazing. Thank you
Well done brothers....we need more of this!!
What happened to 'the best idea wins'? The market doesn't care if you're black or white or blue or green.
Oh it doesn't? Do you REALLY think that white's are 98% smarter than blacks and so that's why they have all the wealth? Really?
Love seeing more diversity in GPs! Kudos!
I absolutely commend this and wish the HCP team all the very best - more diversity in VC can only be a good thing. I would never seek to detract from what you are doing. However, speaking as VC-funded entrepreneur, you have two major weaknesses. The first is that none of your partners have ever started, run, scaled or sold a startup. You look, dress and think like bankers. It would be hard for me to feel that you have really been in the trenches and have empathy with me, so good luck expecting me to take your coaching (unless it's on fundraising) - especially as you're only targeting a 5-10% stake. If you can get someone on your team who is an entrepreneur with exits under his/her belt, that would make a big difference. The second weakness is that you don't like to invest at the true early-stage level. You want to see proven demand / traction etc. first - background wise, that's what you're used to dealing with. However, this is actually counter to your philosophy of helping minority founders to come up, because they will have to try their luck with the very white investors you are trying to diversify from - and that will constrain your deal flow.
It seems like your really experienced in the businesses world.
Great advice !!
I loved how prepared they came!
I have to say, right when they said they're investing in companies who need seed money, I was out
This bro who was arguing with Tai
Link?
Rappers throwing around vanity with net worths around 100mil meanwhile VC’s casually investing 100-500
He was definitely talking about hundreds of thousands and not millions
@@TheKhalid1 😂😂😂😂 you caught this dudes ignorance
This investor guy is absolutely too nice to be true, 99% of the time you gonna meet killer whale sharks. You better have a good ROI in your plan, cos fancy words and minority formalities wont do nothing, its about the numbers.Cos in real life they would dissect like an insect and will spit you out cold on the side walk before you know it
That's true sometimes... this guy happens to be a legitimately nice guy. That's why he even accepted the pitched on TV in the first place. Most sharks would've said No to the TV crew.
Strong pitch but I don't see this particular play well in terms of return.
It's hard to predict return on VC's. It's more evaluated on problem, solution, and disruption. It's hard to calculate return, revenues and expenses on companies that just started. There is no projection on cash flows. It's even more risky than private equity. Peter Thiel gave FB half a mill for 10 percent and when it went through a series B -C funding, his half a mill was like multiplied by like 1000x
Good point Brian...and that was just off one company....
Absolutely love this series
Congrats! Main guy went to Harvard Business school good job boys!
Great pitch. Thorough but to the point. I know it took a lot of work to get the info that clear. Great job!
Love seeing these guys kicking doors in! But VICE, why is "Hustle " in the title? This is a legitimate business proposal between professional s and an investor not someone selling tshirts in a barbershop.
Wayne m it’s slang
@@SanskarWagley I've been using for a great portion of my life so I am familiar. The point I was attempting to make was was they notion that financial endeavors of African people are "hustle" be it professional or not. When I was in high school selling sneakers that was a hustle, currently I'm a nurse going to and I don't consider myself a hustler.
thats still hustling is it not?
a hustle is just doing whatever work it takes to get that bread
Hustle is the name of the show hosted by John Henry (the guy in the middle) where he helps small struggling companies.
I'll just use this video as supporting data for all my arguments.
Racist and sexist investing isn't smart. Invest on merit no matter their skin colour/gender.
Easy for Tim Lester to say who's never had his gender or color be a barrier in life.
@@shahn78 : Check your privilege. How do you know what barriers I have had in my life?
Starting a business based on the foundation of excluding a particular race and gender? Doesn't matter who it's against, racism is racism and sexism is sexism.
It gives others a chance to get funding
Tell that to the venture funds that ignore minorities.
awww that was beautiful!
Pushing & Raising the bar.........Great clip!
This is awesome and we'll needed in our society
the only thing about their pitch was them wering suits...they didnt talk about roi's
love seeing this stuff. 3 young black men doing something good and making power moves
Diversity focus VC but they go ask a majority own fund for capital instead a minority own fund manager. Ron to avoid looking bad on TV give them $250k to sent them out of the door which is way less than advertising exposure he got for appearing in the show. FYI, The owner of VICE is from Pakistan a minority and may have more money than Ron to help you guys with this fund. Big Papi, Robinson Cano, Albert Pujols, Jose Reyes and Alex Rodriguez also a list of potential investors which I think will better understand your mission. Nevertheless still a great idea just need to realign the execution. God Bless!
Education is so important. There’s so much lack of education, experience, and a lot of this is pandering to the process of accessing capital to look the part. Real businessmen don’t start a business by running debt or equity financing against their non existent P&L.
Stay in school guys.
Great video! TH-cam please recommend more of the sort to me
I’m all for what you do I hope one day when I’m ready to reach that level I can learn from you !!
Interesting that Vice portrayed John Henry as the lead guy in the group of young investors when he was in fact a Venture Partner and not Managing Partner..likely because John was more of a public figure than the others....wonder why John ultimately parted ways with Harlem Capital...always felt like he was more of an entrepreneur than a investor-type...entrepreneurs need the space to be creative and think big and boldy...maybe John realized he could do more by getting outside of the box
More please
Great video guys. It was good to see the investors feedback on your deal
This isn't really how deals get made.
We closed a quarter million off this pitch. LOL
@@JohnHenryStyle congratulations. I'm happy for you.
Come on John Henry!! Hit him with that hot track! Love it!! Congrats bro!
Love these guys
LOVED LOVED LOVED This!!! I need more of this!!!
Content TH-cam needs and deserves 👏🏽👏🏽👏🏽👏🏽
3:53 The awkward relate "I have a (ahmm) daughter who just started a business so...". This is why their VC fund is so important. Yes green is green. But if you can get green within a homogenous crowd why would you actively look or risk investing outside that circle. That outside of the box thinking is just awkward and "risky". "Better to stick with what you know". In a nutshell, their VC fund will help investors diversify with different looking, visionary companies with a level of trust and more ease. And at a discount too because 100k, 500k really ain't shit in the VC game.
What a great pitch!
Good on Vice for highlighting this!
How about “fund the best company and idea possible” and not “fund minority”
Because even a mediocre idea can make money, but if the mediocre idea comes from an under privileged network they would potentially have less opportunity than this historically advantaged groups. It's the entire premise of what you just watched.
than the*
Trav M you’re implying that minority should get special treatment funding simply because they are minority even if they have a bad idea. What makes them deserve it more than someone with a better idea
This is awesome! I love seeing this firms videos on here
Strong pitch, but i believe money only sees green
Money should only look at merit not skin/gender. If people discount people because of skin/gender take advantage but you ask any VC they love green over picking skin colour.
Fantastic!
Phenomenal!
Great pitch! Just a thing I would have improved is that when they read the percentages of women/blacks in funded business read out interesting stats on their performance. But overall I really think they are on the right track.
Business wise, ok plan. For the rest, capitalism at his best: our only criteria is that you are a Latino and you have a product-market fit. If your company purpose is to exploit communities, we are a fine with that. That "we want to do good and do well" hides so much ideology behind it
Powerful stuff guys!
Great job fellas
I knew Eagle eye cherry's record sales went down, but a vc fund?
''bias'' aside, wouldn't you think those receiving funding maybe just... deserve it and that there is a correlation between skin tone / ethnic background and funding but not a causation?
You have to have money or access to money in order to get going. A lot of these well known multimillionaires and billionaires got their first round of funding through their family connections (or they were already wealthy). How is the average black person supposed to find those connections if their parents and grandparents didn't have the same opportunities as whites, and therefore don't have the generational wealth or connections to fund their ventures?
That's what these guys want to do, they want to provide that source of funding
The minute they said “diverse” is the leading qualification, it’s was a no from me. It shouldn’t matter about race, gender, sexual preference. Wouldn’t expect anything better from Vice of course.
It shouldn't matter but unfortunately these factors hold people back, did you also hear the phrase "unconscious bias"? Most of us have it, we tend to trust people we have more in common with, it's a fact and if most investors are white then it's not surprising that minorities and women lose out on getting investment for their start-ups.
It's important.
His name is John Henry matos ... Dominican
Impeccable
Congrats guys!
The notion that "the only color an investor cares about is green," would work in an ideal world maybe but that statement is simply NOT true. In Finance, there is bias, it carries over to how companies are viewed, their management teams etc.,. We need to invest in the best company/opportunity. However, we also need to understand that often times minority entrepreneurs are not given the same opportunities despite merit.
Well done boys , inspired
Calling a VC a racist in the first 30 seconds of a pitch, while on video, is an interesting hook. 😆 I know it's not a direct quote, but that was the point of showing the numbers of who was investing to whom as it pertained to skin color and gender.
I find that funny. 😆
this is so good, i want more. i'm in the uk, how do i watch it?
Wtf, then what are you talking about that's so good if you havent even watch it wtf
Good luck guys
As a Partner & VentureCap myself, I’m just being honest when I say it’s too idealistic.
We'll let the results speak for themselves ;)
Hi do you have any contact information ? I’m currently in the works of an idea I have!
"We go with if the founders are non white males..." Tells you all you need to know folks. Don't invest based on race. Invest based on great products/ideas, finances, and founders/management team.
Go Woke, Go Broke
Great pitch
Where do I go to learn this?
Google
I'm sad that you said latino and black founders but not asian. We are underrepresented too!
Summary: racist VC
So strong 💪🏿
I hope they succeed. As a business owner, I always thought minorities needed access to capital.
this is funny , they wrapped up a minimum 6 month of negotiation in 6 min meeting . at least ask your ceo i am sure he know more about investing than who ever made this
Dope... should definitely look into the Zoom Video IPO. Put a nice chunk of money there, maybe some Mongo and Zscaler and no need to pitch Investors in 5 years. Good luck fellas
Nice!
Question ? I’m not sure what papers or booklet they have, but I’m guessing they that’s the business plan, are you required to have it during the meeting? And do you have to speak professional like using big words and stuff?
Brilliant!
I enjoyed that!
Entrepreneurship at its best!
“The Business doesn’t have to be impactful”…😐
Very Dope stuff
Inspiring!
My dream 🔥🔥
Lol business is so cut-throat. If your investments depend on the identity of the company founders rather than their merit--good luck. You'll need it.
This is the stuff I subscribed for not for “how to start as a sugar baby”
Isn’t this the dude that got son’d by Tai Lopez?
Love it!
I thought this was a vey interesting and enjoyable movie and I would have liked it but I didn’t because I wasn’t amused by the racial/ minority play, I know that businesses with diverse founders may be less likely to find investors due to bias however that does not give a venture capitalist company the right to choose entrepreneurs based on their gender, heritage, or skin color. Frankly as a minority I was offended by this video and feel that it should be flagged for all the “reverse bias” for lack of better words because I know how it feels to be the victim.
So you "know that businesses with diverse founders may be less likely to find investors due to bias" which basically means that VCs "choose entrepreneurs based on their gender, heritage, or skin color"
But it is not ok for a VC to look after those victims of those biases.
Makes sense !
This pitch was a joke
I understanding giving minority business owners the ability to receiver funding for their businesses is a great idea. However, i do not think as a venture capitalist you should not invest in a potentially lucrative company based on someone not meeting a requirement based on skin color or gender. It almost sounds like reverse discrimination.
Theres no such thing as "reverse discrimination", its literally just discrimination.
I agree
How can there be in effect "reverse" discrimination when white males get 98% of the checks and minorities get 2%? The reverse of that is that minorities get 98% and the rest get 2%. We don't live in that world. This is obviously a MAJOR problem that Harlem Capital wants to address. Is the 98% available to everyone else not enough?
So... Let me get this right. They are trying to level the playing field and your best reply is talking about someone that is not in the lenders demographics and noting the fairness of that.
Well ain't that hilarious. Bank have long ignored non-white ideas, visions, dreams and hopes in self-employment, home ownership, car loans or even larger scaled business ventures (home flippers) etc..
So they can always go to a traditional lender and be heard where, calls go unanswered or reason "Why" they can not lend to a Start-Up. Ask a few non-white business owners and you'll hear similar stories of rejection.
As a matter of information sharing and said to you in a non-confrontational tone of writing.
I thought this was about 2k VC
Alright.....this is ridiculous. lol. Their investment edge is .... diversity? What?
Great strategy to go broke