Born 321 ppm #Finance #futurist #artist #techforgood #rematriation #justice #indigenous #reparations #regeneration #healingtrauma #Ashoka #Ogunte #Unreasonable #GOFA #PositiveDeviant #EdgeFinance #OCN #web3
Who gets the money, not black people, not Indigenous, not women, not anyone at the edges or left out of building the economy and finance as usual. The money, the vast thick majority, floods to the same dudes at the center; trust funded, family backed, familiar to the money and wielding the same extractive noises and bluster. Then there is the genius of 10,000 years, the creative, innovative, resilient, artists who have had to stay alive despite every blow and extraction. These spaces are rich in culture, rich in creatives, loaded in new ways, old ways and integrated ways to transform. These are the people and places where money must flow, from hearts that must open, to transformations that can heal, well, everything. #extraction #dudes #broculture #money #investing and #exhaustionoftheedges #edges #edgefinance #innovationforreal #creativityfordecades #transformationliveshere
Funding down dramatically to Black founders in 2023 across early stages - Sign the Community Development Investment Tax Credit Act and Expanding American Entrepreneurship Act before 5 PM TODAY. Peter Walker of Carta shared this on the state of funding to Black Founders -"2023 was the lowest share of fundraising for Black founders in our Carta dataset since 2020. The declines were consistent across pre-priced, Seed, and Series A rounds. One underreported thesis is that as VCs sought to reduce risk in the venture downturn of the last year or two, they funded repeat founders to an even larger degree than in prior timeframes. And Black founders are less represented among repeat founders (who would have had to found their companies in a less diverse VC ecosystem) than they are among founders as a whole." This is critical and all hands are required to advocate for Black Founders and reverse the anemic numbers around funding. The Center for American Entrepreneurship & Engine | Advocacy & Foundation are asking founders and ecosystem builders of color to sign a letter urging US Congress to pass: Community Development Investment Tax Credit Act: Boosts investment in Community Development Financial Institutions (CDFIs). "The legislation would create a new tax credit for private sector investors that make hashtag equity or equity equivalent investments in, or that provide long-term patient capital (i.e., loans with a minimum term of at least 10 years) to CDFIs." Expanding American Entrepreneurship Act: "The legislation would raise the cap on funds organized under a 2018 sub-category of section 3(c)(1) of the Investment Company Act of 1940 from $10 million to $50 million, and double the number of permitted investors from 250 to 500. Together, these changes will enable emerging fundmanagers to raise larger funds." Thanks to John Dearie for your tireless efforts and advocacy. Please add your your name to this letter before 5pm ET Today 🔗https://lnkd.in/grrzAeWG Samantha Katz Dominic-Madori Davis
