I recently nominated James Oliver’s ParentPreneur Foundation for the new Techstars Accelerate Equity Program. Amy and I provided the lead gift of $100,000 through our Anchor Point Foundation. For a detailed look at what the ParentPreneur Foundation does, take a look at Techstars Foundation Empowers Black ParentPreneurs, So They Can Leave A Legacy For Their Children.
Through Accelerate Equity, the Techstars Foundation identifies early-stage nonprofits and ideas to empower and support underestimated entrepreneurs. We then call on the Techstars network to pitch in. The Techstars Foundation will add a 5% match to the total raised at the end of the calendar quarter.
Among other things, James has created a vibrant community for Black ParentPreneurs.
I’ve known James for a while, as we became friends when he started his previous company WeMontage. While I didn’t invest, we talked periodically and emailed regularly. I loved his book The More You Hustle, The Luckier You Get (it’s “pure James”). We connected after George Floyd was murdered, and he mentioned his initial dream of the ParentPreneur Foundation. I immediately jumped in to help.
It has been about a year since that conversation. Since then, a number of friends, including Mark Suster, Fred and Joanne Wilson, Seth Godin, and David Cohen have also supported the ParentPreneur Foundation. It has been awesome to see the progress that James has made. I’m delighted that the Techstars Foundation is including him in the Accelerate Equity program.
If you want to support James or support something I support around racial equity and entrepreneurship, please donate to the ParentPreneur Foundation through the Techstars Foundation.
A few months ago, Jasper Kuria reached out to me about a new non-profit he was starting called The Black-Owned Business. His goal is to create a community of vetted, high-quality Black-owned professional services companies.
Like many things Amy and I have been supporting around racial equity; this was an easy yes. I have not historically paid close attention to the gender or race of the service providers that we use. After almost six months of learning about racial inequity in the US and what I can do to help eliminate racism, supporting more Black-owned businesses is something I’m committed to.
Jasper has started a campaign called Do the BOB. It consists of providing your support and sending out the following message on social media.
Citi Group estimates that if four key racial gaps for the Black community (wages, education, housing, and investment) were closed today, the US economy would grow by $5 trillion in the next five years. What $5 Trillion can buy:
Help grow the US economy by $5 Trillion. During Black Friday season, ask your company or organization: Are you considering Black-owned Professional Services Companies when hiring vendors?
I request [@Friend One], [@Friend Two] and [@Friend Three] to also “Do The BOB” by sharing the logo and text on social media.
Learn More: https://www.theblackownedbusiness.org/do-the-bob