Jul 30 2020

Supporting the ParentPreneur Foundation

Amy and I, through our Anchor Point Foundation, recently provided the seed grant to the ParentPreneur Foundation.

Founded by James Oliver, the ParentPreneur Foundation empowers Black people to be the best parents and entrepreneurs possible providing them money, tools, resources, and social capital.

I’ve known James for several years. After George Floyd was murdered, James was one of my Black friends who I called up and asked, “What are two things you are involved in that I can support with time, money, and influence?”

We talked about a couple of things, but when he started speaking about his dream to start a non-profit to help Black entrepreneurs who were also parents, I knew what I’d be supporting.

James is the perfect person to undertake this endeavor because he is acutely aware of the pain of parents who are entrepreneurs. James participated in the gener8tor accelerator and founded his startup, WeMontage.com when his now seven-year-old twins were born prematurely and weighed only two pounds each. During that difficult time, he was living 1,000 miles from family and friends, so he didn’t have much support.

Amy and I don’t have kids, so I listen to my friends who are entrepreneurs with kids about their experiences. Rather than assume their challenges are the same as mine, I recognize I have it easier in many ways, and enjoyed and learned from James’ book The More You Hustle, The Luckier You Get.

In our conversation about this new foundation, James told me that being a parent and an entrepreneur is hard, but being a Black ParentPreneur is even harder.

“Black people don’t have the same resources as many of our White ParentPreneur counterparts. Many of us are first-generation college graduates, and we don’t have a relative we can call to give us money to hold us over until we can get enough traction with our business. Further, we generally don’t have the social capital to execute our good ideas or even imagine what is possible.”

Hence, the ParentPreneur Foundation, which James started a month ago. The inaugural cohort was recently announced and had ten Black ParentPreneurs who each received $1,000. The foundation also provides access to resources to improve beneficiary businesses and parenting lifestyles.

I’m excited about supporting James in the work he’s doing to help address issues of economic inequality in the Black entrepreneur community while helping strengthen families.

Please consider making a tax-deductible donation or connect with James to offer resources for the foundation’s beneficiaries.

And if you’re a Black ParentPreneur, join the foundation’s online private community.