Black History Month

This Month in Social Good

Posted on by Case Foundation

February may be the shortest month of the year, but this February was packed with news in the world of social innovation. In particular, we saw new data, stories and perspectives brought forward in the world of Inclusive Entrepreneurship that we’d like to reflect on and use to power the movement. I spent some time rereading our weekly Case Foundation Breaking Good newsletter to gauge some of the conversation around supporting diverse entrepreneurs this month. Here are some of the articles and trends that stood out to me: 

Black History Month is a reminder to uplift Black entrepreneurs—past and present

Every day is a great day to celebrate the achievements of groundbreaking innovators in history and the people who are carrying on their legacies and building their own. But as Black History Month comes to a close, we’re given a renewed commitment to uplift the stories of Black entrepreneurs—sharing both the contributions they bring and the unique challenges they face. 

With that in mind, we were inspired by reflections from successful Black entrepreneurs on how they succeeded in a world filled with barriers designed to stifle their progress. One of the Be Fearless quotes that stood out came from Urban One founder, Cathy Hughes: 

“[Don’t] let anyone convince you that your dream, your vision to be an entrepreneur, is something that you shouldn’t do. What often happens is that people who are well meaning, who really care for us, are afraid for us and talk us out of it.” 

There’s a glaring gap for women entrepreneurs

As reports highlighting data on entrepreneurship from 2017 begin to come out, the statistics on women entrepreneurs are disheartening, to say the least. According to Pitchbook, businesses with all-women founding teams received just 2.2 percent of all venture capital in 2017. Teams with a mix of genders received just 12 percent, and a whopping 79 percent of venture capital went to all-male teams (the remaining 7 percent was unreported). 

To change these numbers, there isn’t an easy fix. We know where we can start—more women launching businesses, more women in venture capital, fewer cases of bias at the hands of investors—but none of these alone will solve the problem. Partners are stepping up across industries to build solutions together that will collectively challenge the systemic biases that affect how opportunity is distributed in our culture. Data and storytelling can play major role in that, which brings us to our next trend. 

We need to support data and storytelling on underrepresented innovators

Sherrell Dorsey is doing just that. Dorsey founded a daily newsletter called ThePLUG to report on founders, investors and innovators of color. This month, she talked to Vice about the need for more data on Black entrepreneurs. This is one of the many great points she made: 

“A lot of times, especially in the black community, when you look at entrepreneurship, there’s been very little data collection—like, the kind of businesses we’re creating, the kind of problems that we’re solving. (…) A lot of times investors are looking for patterns in data, so when that information is not shared in public, you get a knowledge gap.” 

To extrapolate out from what Sherrell is saying, if investors don’t have the data they are used to having when making investment decisions, they are less likely to fund initiatives. Therefore, having a more robust dataset on Black entrepreneurship could help spark solutions across the board. That’s something we’re working towards as we champion inspiration capital as a core part of our Inclusive Entrepreneurship work. By uplifting the stories of underrepresented entrepreneurs—stories that share both their challenges and their unique insights—we’re hoping to change widespread assumptions about who is and can be a talented entrepreneur. 

Entrepreneurship can flourish across in all communities across the U.S.

Another widespread assumption about entrepreneurship we’re working to challenge is the notion that Silicon Valley is the only great place to launch a company. Fortunately, that idea is being challenged by entrepreneurs, investors and ecosystem builders across the country. We loved hearing about how Kela Ivonye, founder of connected delivery storage service, MailHaven found Louisville Kentucky, not Silicon Valley to be the best place to build the company.  

On the ecosystem side, we’ve been inspired by news about places like Raleigh, where a program is helping formerly incarcerated individuals pursue entrepreneurship. In the Midwest, a variety of organizations are working to support the region’s female entrepreneurs. And in New York, three of the city’s major banks announced plans to give a combined $40 million to programs supporting women and entrepreneurs of color there.  

This month, Engine also interviewed an ecosystem builder in Colorado as part of an ongoing series we love, #StartupsEverywhere, where the outlet talks to the people building entrepreneurial ecosystems across the country. And this week’s Kauffman Foundation newsletter poses important questions on how we can build inclusive ecosystems, including a powerful video by Melissa Bradley on her experiences as an entrepreneur, investor and ecosystem builder. 

From celebrating past and present Black entrepreneurs and leaders, to building solutions for female founders, to tackling the data gap, to highlighting innovation everywhere—leaders in the world of Inclusive Entrepreneurship are getting to work. The stories we’ve seen this month inspire us and we can’t wait to read and share even more of these informative and inspirational stories. To learn more, sign up for our newsletter, Breaking Good. 

Is there anything we missed this month? Tell us about your favorite social good story you saw in February! 

Celebrating Black History Month by Celebrating the Power (and Privilege) of Storytelling

Posted on by Case Foundation

He (and I use that pronoun intentionally) who tells the story owns the narrative. And the fact is, history has largely been written by men, for men. White men. It’s a truth we, at the Case Foundation, confronted directly and are trying to change through our #FacesofFounders campaign, as it pertains to entrepreneurs. The power of storytelling to document history, make lasting impressions and, in fact, set our default images is profound. And therefore, we need to disrupt the status quo of who tells the stories, about whom the stories are told, the images we assign to entire categories of people and, in doing so, directly confront our biases and work hard—with intention—to change them.

As we researched and designed our inclusive entrepreneurship movement, seeking to democratize entrepreneurship to people and places being left behind or out of business startup opportunities in America, we landed on three important roadblocks: access to social capital (mentorships, networks, accelerators); access to financial capital; and access to something we called “inspirational capital”—their inclusion in media stories, popular images of entrepreneurs or stories of entrepreneurship. Our #FacesofFounders campaign was a direct response to aggressively bust the myth that there weren’t already successful entrepreneurs of color and women entrepreneurs, as well as to inspire the next generation of talent required to drive America forward.

Key to driving that campaign forward was to confront the biases that exist in America, to understand that storytelling and images have played a huge role in reinforcing those biases and to use the power of storytelling, and a set of modernized images, to change that dynamic. We put that power to work in our CEO Jean Case’s TED talk last fall.

As we close out February and our celebration of Black History Month, and in celebration of what I hope is a revolution to level the playing field for all individuals—regardless of their race, gender, sexual orientation or birthplace—to participate equally in our society and economy, I’d like to share three other TED Talks that continue to inspire me to #GetinTheArena and both deploy the power of storytelling and extend the privilege of the storyteller.

The Danger of a Single Story

This stunning talk by Chimamanda Ngozi Adichie walks us through a long history of literature, news stories and images that have built a singular story around events and people, particularly people of color. She reminds us that the problem is that, beginning as children, these are the stories and images that set our default positions. Worse, they rob people of dignity, reduce opportunities for equality and accentuate our differences more than our similarities. Her parting words? Stories matter; let’s use them to empower, humanize and repair broken dignity.

How to Overcome Our Biases

Vernā  Myers delivers a hard-hitting punch: get out of denial, “color blindness” is a false ideal…a distraction from doing the real work required to reboot our biases. She walks us through the world of brain auto-association with research showing that people—all people—associated white images more often with positive and black images more often with negative. Seventy percent of white people preferred images of white people; 50 percent of black people did too. Whoa! Beyond just the sheer power of her talk, she deploys a tactic that is intentionally intended to change that auto-association—throughout her entire talk, images of beautiful, bold, everyday black men are displayed behind her. Myers challenges us to do three things: (1) accept that bias exists—it’s not that it exists, it’s what we do with it; (2) move toward young black men, not away from them; move toward your discomfort and expand your bubble—just try!; and (3) when you see something, say something—good people can say wrong things, and if not confronted, biases will continue and be passed onto future generations. A must-watch!

Color Blind or Color Brave

Mellody Hobson tells us in this captivating talk that embracing and deploying diversity—of race, gender, intellect, experience—is the smart thing to do, not just the right thing to do. Like Myers, Hobson encourages us to deal with color head on…to deal with its discomfort and relax into it…to be “color brave” if we believe in equal opportunity. Her three calls to action are things most of us can do today: (1) be intentional in hiring decisions—every opportunity you get; (2) observe your environment with intention, and invite people into your life that don’t look like you, live like you, think like you—they will challenge your assumptions and beliefs; and (3) be brave.

…

Let’s not forget that Black History Month itself was created to rewrite a history that seemed to exclude black people’s role in advancing American innovation, entrepreneurship, society and economy. Each of us, in our own way—big or small—can be part of a movement to drive a more inclusive nation. Be fearless. It’s worth it.

Black History Month: Celebrating African Americans in Philanthropy

Posted on by Case Foundation

This post was written by Stacey Walker on behalf of the Case Foundation. 

As February comes to a close, the staff at the Case Foundation has enjoyed spending the month reflecting on the great achievements and contributions of fearless African Americans that have transformed our communities and the world. These contributions span the fields of medicine, civil rights, arts and culture, and science and technology. And in looking back, we’ve found that the story of African Americans in philanthropy is equally impressive and groundbreaking.

The philanthropic community has been greatly influenced by the work of household names like Oprah Winfrey, Bill Cosby, and Magic Johnson. These individuals have brought about meaningful change on an incredible scale, and in doing so have impacted millions. In addition to the great works of these celebrated individuals, it’s also important to recognize the efforts of countless other African Americans working tirelessly to affect change through philanthropy.

Oseola McCarty washed and ironed clothes for a living, and one or two dollars at a time, she was able to save $150,000 in her lifetime. She gave it all away before she died to endow a scholarship that would give young men and women in her hometown the opportunity to go to college. Will Allen has championed the issue of food security and sustainability through his urban farming companies. Geoffrey Canada has empowered thousands of young men and women in Harlem through innovative education techniques. And the paragon of hope and generosity within the African American community – the black church – has long been a mainstay of charitable activities, serving as one of the very first grantmaking institutions to black Americans seeking to build schools and providing college scholarships to deserving individuals. Philanthropy throughout the African American community is pervasive, but the truly extraordinary thing that several surveys confirm is that African Americans don’t even view their gifts of time and money as charitable activities, but rather as their collective responsibility to others.

The Case Foundation strives to lift up people and ideas with the potential to change the world, and this groundswell of African American changemakers in philanthropy is encouraging. Giving back and helping others is the fundamental premise of philanthropy and this premise has been a central tenet of African American culture. The distinguished researcher Mary Winters notes in her study on Endowment Building in the African American Community that perhaps out of survival, “Black Americans have been compelled to share and give back from the moment they arrived on the shores of this country. When they have money to give, they give; when there was no money to give, a generous heart, a strong back or a keen mind. As a value, “giving back” is firmly rooted in black history.” Research by the Kellogg Foundation supports this belief. The report, “Cultures of Giving: Energizing and Expanding Philanthropy by and for Communities of Color,” shows that African Americans give away 25 percent more of their income per year than white Americans. These findings go to show just how deep the spirit of giving runs within the black community.

The story of African Americans has been one of continual progress. It began with slaves coming together and sharing secret messages through song to plan their escape to freedom. It was aided by the fearless Harriet Tubman who along with others helped to create a sophisticated network of passageways and hideouts for runaway slaves. The struggle continued onto the fields of battle, where a divided nation confronted the slavery question with arms. After Reconstruction came an even longer battle for equality complete with the protests of millions of people, inspired by the dreams of a young southern Baptist preacher from Georgia. And out of these movements came some of the first institutional giving platforms dedicated to the Black American cause. Dr. Emmett Carson, President and CEO of the Silicon Valley Community Foundation, maintains that the era immediately following the Civil Rights Movement gave rise to the professionalization of black charitable giving. This was represented by the National Black United Fund, which was founded in 1972 “to provide a viable, systematic, and cost efficient mechanism for black Americans to make charitable contributions to black American organizations engaged in social change, development, and human services.”

For the first time, people were systematically donating money to causes and institutions that were not necessarily known to them personally, but that they believed would benefit the African American community as a whole. Today, armed with growing capacity, the descendants of slaves now generate philanthropy that benefits many families who continue to struggle both here in the United States and communities in need around the world, just as their forefathers and mothers before them (Winters, 109). A lot these folks may never make the Forbes List of wealthiest people, but their value-add to society is immeasurable. It is an honor and a privilege to salute these individuals during this Black History Month.

Know any outstanding African American professionals in the philanthropic sector? Show your appreciation for them by sharing their name in our ongoing conversation via Twitter. Be sure to use the hashtag #blackhistorymonth when you do. Our staff will be chiming in with their picks as well. We look forward to hearing your thoughts!

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