entrepreneurs of color

Uplifting Fearless Hispanic and Latin American Changemakers

Posted on by Case Foundation

In celebration of Hispanic Heritage Month, we’ve been reflecting on the great achievements and contributions of fearless Hispanic and Latinx changemakers that have transformed our communities and the world. These contributions span the fields of medicine, law, civil rights, arts and culture, science and technology and more. And in looking back, we’ve found that the story of Latinx leaders in entrepreneurship is equally impressive and groundbreaking.

To celebrate this history of innovation and shed light on the scope of this impact, we are highlighting a few organizations that have been featuring the Hispanic and Latinx community this month. The Case Foundation strives to lift up people and ideas with the potential to change the world, and this groundswell of acknowledgment and support is encouraging.  

 

MacArthur Foundation

The MacArthur Foundation is focusing on amplifying the voices of MacArthur Fellows of Hispanic or Latin American descent. You can follow along on Twitter with the hashtag, #MacFellow or head over to Medium to read the full story. We particularly like this quote from Juan Salgado, a Community Leader. “Communities like ours are only as strong as the human capital they can retain and attract. If people here can get access to better economic opportunities, if they can increase their earnings while staying in their communities, then we have healthy and livable communities.” 

NASA

NASA looks back on the remarkable accomplishments of Hispanic astronauts with a particular focus on the contributions made over the last 20 years that the Space Station has been aloft. The first Hispanic-American in space was Franklin R. Chang-Díaz when he flew as a mission specialist aboard Space Shuttle Columbia’s STS-61C mission in 1986. He flew in space a record-tying six more times, including one visit to the Russian space station Mir and one to ISS.

Pixar

Pixar artists are celebrating some of the many Hispanic and Latinx artists throughout history who have inspired them. Pixar Visual Development Artist Ana Ramirez shares her admiration for the artistry of director Alfonso Cuarón Orozco, winner of four Academy Awards; Pixar Story Supervisor Louis Gonzales reflects on an artist who inspires him, comic book creator Jaime Hernandez; and Pixar Story Artist Paula Assadourian pays tribute to Mexican photographer Lola Alvarez Bravo.

National Geographic

Check out National Geographic’s extensive Resource Library for videos, photographs, and articles, as they join communities across South, Central, and North America to celebrate the history, contributions, influence, and accomplishments of Latinx, Latina, Latino, and Hispanic people who have enriched the United States. 

American Society of Landscape Architects

ASLA is celebrating Hispanic Heritage Month with a series of webinars. Register to watch one of the following presentations with experts in the field: Cultural Diversity through the Latin American Landscape; The Spectacular Nature of Ancient Mexico; On Social Urbanism and Reframing Spatial Design in Latin America; Climate Change, Landscape, Cultural and Natural Heritage.

Smithsonian

Oriana E. Gonzales and Ariana A. Curtis of the National Museum of African American History and Culture and Sara Cohen of Because of Her Story wrote an informative blog entitled, “Nine Latinas You May Not Know This Hispanic Heritage Month.” Know their names, share their stories. 

Google

In addition to sharing stories of Latinx changemakers in the daily Google Doodle, Google is highlighting Latinx culture everywhere from Hollywood to Congress and supporting Pop-Up Magazine, a new collection of stories celebrating Latinx voices with tales of fearless creativity, songs of love and longing, and even inspired advice for public speaking. And perhaps more important now than ever, Google is spotlighting Latinx businesses around the country and providing free tools and training to help Latino-owned businesses adapt and grow.

Marvel Entertainment

The Marvel Universe is celebrating their Hispanic and Latinx characters. From Araña to White Tiger, check out the heroes who have made their mark on Marvel. Araña is giving us some serious #BeFearless vibes: “This half-Puerto Rican, half-Mexican web-slinger crackled with bravery since her first appearance!” 

She Se Puede

The organization She Se Puede is a community for Latinas, by Latinas. They’ve reminded us that while we celebrate the amazing accomplishments of our community during this month, Latinx excellence never stops. A great reminder that changemakers are powerful all 365 days of the year!

Instagram

All month, Instagram is sharing letters to “mi gente” from the Latinx community around the world. Don’t miss the stories, art, and comedy found in their #LatinxHeritageMonth story! If you’re celebrating the Hispanic or Latinx community on Instagram, tag @CaseFoundation and perhaps we’ll feature you on our Story!

Seven Podcasts for Entrepreneurs to Explore

Posted on by Case Foundation

Everyone loves a good story of innovation, and entrepreneurs tend to have especially fascinating ones. In her best-selling book, Be Fearless, Jean Case uplifts the stories of entrepreneurs and changemakers who used innovation to change the world. She examines the core qualities of great innovators, past and present, and identifies five surprising traits they all have in common. It isn’t wealth, privilege or even genius. In fact, it is that every leader who broke through and brought forward transformational changes made a “Big Bet,” took bold risks, learned from their failures, reached beyond their bubbles and let urgency conquer fear. 

However, sometimes hearing—not just reading—stories can be uniquely powerful. So, we asked the Case Foundation team to share some of their favorite stories of entrepreneurship, as told by podcasts. While there are many great stories out there, we compiled a list of episodes that stand out. 

We hope these podcasts inspire you on your entrepreneurial journey. And if you’re interested in more content on inclusive entrepreneurship, we regularly share stories of female entrepreneurs and entrepreneurs of color in our weekly newsletter, Breaking Good. Sign up here!

 

1. GirlBoss Radio, Building a Business Around Sustainability with Sarah Paiji Yoo of Blueland

GirlBoss Radio dives into what it takes to be a successful female founder through conversations with innovative women in business. Whether you are looking for advice on advancing your career, tips for scaling a business, or just a laugh, this podcast has you covered. Hosted by Sophia Amoruso, CEO and founder of Girlboss and Neha Gandhi, editor-in-chief and COO of Girlboss.

In this episode, host Amoruso interviews co-founder and CEO of Blueland, Sarah Paiji Yoo. Blueland is aiming to reduce the amount of single-use plastic in the cleaning product industry by building concentrated cleaning solution tablets that are water activated. Listen to this episode to learn more about the growing market for environmentally sustainable businesses and how entrepreneurs are tackling global problems while making a profit.

 

2. Being Boss, First Year of Business at Almanac Supply Co

In this podcast, hosts Emily Thompson and Kathleen Shannon examine what it takes to make money doing what you love. The podcast is geared towards full-time founders, those thinking about their first fearless step and anyone looking to learn from entrepreneurs who have turned their passions into a profiting business. 

In this episode, host Emily reflects on the one year anniversary of launching her product-based business. She highlights how she dealt with the challenges along the way, made failures from her past business ventures matter, and developed the skills necessary to be CEO. Emily’s firsthand knowledge and Kathleen’s advice offer a useful case study for those wondering about getting a business off the ground.

 

3. How I Built This, Live Episode! Walker & Company: Tristan Walker

In this podcast from NPR, host Guy Raz profiles entrepreneurs, changemakers, and innovators whose companies are making significant impacts on the world. The episodes examine the evolution of well-known brands and how successful founders turn ideas into movements.

Guy Raz interviews Tristan Walker, an entrepreneur and CEO of Walker & Co., a company that was recently acquired by Procter & Gamble (P&G), in this special live episode. Walker explains how his frustration with the way razors irritate those with curly hair turned into his first business, a subscription shaving system and personal care product line. His company attracted millions of customers and eventually was sold to P&G. Listen to this episode for an inside look at what it takes to build momentum around your business idea. *Bonus: Check out another episode of How I Built This with Case Foundation Chairman Steve Case!

 

4. How Success Happens, Tech Pioneer Jean Case on How to Change the World With Your Big Idea

How Success Happens features host Robert Tuchman as he converses with successful entrepreneurs in an effort to learn from their stories. Episodes focus on both successes and failures that the entrepreneurs have faced, and how challenges they encounter along the road can ultimately transform into steps towards progress and profit. 

In this episode, Jean Case discusses her bestselling book, Be Fearless, dives into the five universal qualities of great innovators, shares tips for startups pitching to investors, as well as how to turn an idea into a life-changing endeavor. This podcast is perfect for anyone looking for a roadmap for their next breakthrough in business.

 

5. RISE Podcast, Serving Your Community With Your Business with Charis Jones

Hosted by New York Times best-selling author Rachel Hollis, the RISE podcast aims to offer actionable items to listeners for both business and life outside of work. Through conversations with innovative entrepreneurs and personal development experts, RISE will arm you with real-world takeaways that you can implement directly in your own life. 

In this episode, Rachel interviews entrepreneur Charis Jones, founder and CEO of Sassy Jones Boutique. Jones discusses how staying connected to a loyal fan base has been crucial for the success of her business, allowing her to scale the boutique into a seven-figure enterprise. If you are looking to start or expand your business, listen to this episode for useful marketing tips that will help you connect to customers.

 

6. Side Hustle Pro, How To Get Your Niche Brand Into Major Retailers with Aycee Brown

Hosted by Nicaila Matthews Okome, Side Hustle Pro features stories of Black female entrepreneurs who have turned their side hustles into full-blown, successful businesses. Every week, Black female entrepreneurs such as Lisa Price of Carol’s Daughter and Myleik Teele of CurlBox highlight their startup stories and offer advice for burgeoning side hustlers. 

In this episode, Nicaila interviews Aycee Brown, Goodnight Darling Co.’s Chief Sleep Officer. Under Brown’s direction, the niche sleep company has created partnerships with luxury boutiques and companies like West Elm to expand their in-store presence and increase the visibility of their brand. Listen to this episode to learn how Brown scaled her business into a trusted authority in the self-care field and for tips on getting your product onto the shelves of major retailers.

 

7. The Failure Factor, Bluemercury Co-founder and CEO Marla Beck On Failing Her Way To Success

How do successful entrepreneurs respond to failure? The Failure Factor: Stories of Career Perseverance examines how the low points of careers can motivate entrepreneurs to reach highs that they had never dreamed of. Host Megan Bruneau sits down with founders to identify how they were able to leverage their experiences of both success and failure to overcome obstacles and ultimately reach their full potential. 

In this episode, Bluemercury co-founder and CEO Marla Beck talks about the severe downturn the company faced early on and how she was able to turn the company around. Spoiler alert: Bluemercury ultimately secured a $210 million acquisition by Macy’s. Beck explains failure in two distinct ways: how she deals with failure herself and how she responds to failure as a manager overseeing staff. This is a great listen for any entrepreneur looking to make failure matter.

 

Empowering Female Founders and Entrepreneurs of Color in Los Angeles and Beyond

Posted on by Case Foundation

This Spring, Los Angeles Mayor Eric Garcetti sat down with our Case Foundation VP for Social Innovation, Sarah Koch, at Urban Tech Connect, a conference designed to support and provide networks for startup founders of color.  Together they explored how the Los Angeles tech ecosystem has grown over the past several years—from a record numbers of startups calling LA their home to an influx of funding rounds and the many high-profile acquisitions and exits—and how important the building of ecosystems to support founders from all backgrounds has proven to be across the country.

In 2017 alone, startups throughout the the city of Los Angeles raised $7 billion in capital, through an upsurge in new investments and new firms. And more than $1.4 billion was raised in 2017 across 16 funds. During the conversation Mayor Garcetti shared how his office has sought to expand their startup ecosystem through programs like the Grid110’s and the creation of the TechFair LA which featured more than 200 leading regional startups.

Watch the video as Mayor Garcetti and Sarah share more on how we can be intentional about how we fund, mentor and support female founders and entrepreneurs of color in thriving cities like Los Angeles and beyond.

7 Fearless Founder Podcasts to Listen To

Posted on by Case Foundation

Everyone loves a good success story, and entrepreneurs tend to have especially fascinating ones. The road to success rarely goes in a straight line; rather, most successful people have encountered quite a few failures and obstacles along the way.  

Learning from these challenges and failing forward is what often leads to breakthroughs. As our Be Fearless principles state, making big bets, failing forward, trying brave experiments, working with unlikely partners and letting urgency conquer fear can be the keys to success for entrepreneurs.

Being fearless isn’t always easy. But seeing stories of fearless entrepreneurs who have braved the path before can be the inspiration capital needed for aspiring entrepreneurs to begin to build their businesses. That’s why telling the stories of entrepreneurs from all backgrounds, and lifting up role models whose stories are not told as frequently in mainstream entrepreneurship coverage, is so important. Our #FacesofFounders campaign has brought together stories of entrepreneurs across race, place and gender, what they struggle with, what they’re building and why inclusivity makes entrepreneurship even stronger. We also regularly share stories of those changing the narrative of who is and can be entrepreneurs in our weekly newsletter, Breaking Good.

But sometimes hearing—not just reading—stories can be uniquely powerful. So, we asked the Case Foundation team to share some of their favorite stories of entrepreneurship, as told by podcasts. While there are many great stories out there, we compiled a list of nine podcast episodes of entrepreneurs who each stand out in a different way. Read on to learn about some of the founders who inspire us and remind us to Be Fearless.


Spanx—Sara Blakely on NPR’s “How I Built This”

Sara Blakely’s story starts with selling fax machines and ends with her becoming the youngest self-made female billionaire in the US. But her journey to get there may be less well-known. She launched Spanx with the money in her savings after seeing a need for an undergarment that incorporates the control top feature of pantyhose without the legs of pantyhose.

Blakely’s journey gathering support from manufacturers, patent attorneys, buyers and even Oprah is an inspiring one for women founders pitching unique and disruptive products. The story of how she convinced a Neiman Marcus buyer to work with her is also a funny reminder that unconventional methods can sometimes be the most effective ones.  

Be Visible—Andrea Guendelman, on Backstage Capital’s “Mission and Values”

As fans of Inclusive Entrepreneurship, we loved hearing about the journey of Andrea Guendelman, who co-founded Be Visible. Recognizing a lack of available professional mentoring and networking resources for Latinx professionals, she built Be Visible as a professional social network for the group.

Throughout the podcast, Andrea breaks down the underlying barriers that separate Latinx professionals from many opportunities available to the wider population. She talks about the group’s unique needs and how Latinx Millennials specifically can be supported and encouraged to be engaged and connected citizens. She also has an interesting backstory that crosses countries and industries before launching Be Visible. Listen through the end to hear about where the platform is going and which big client Be Visible just landed.


Hamdi Ulukaya—Chobani, on Fast Company’s “Innovators Uncensored”

For a lesson in humble beginnings, hard work and compassionate leadership, listen to Fast Company editor, Robert Safian’s interview with Hamdi Ulukaya, Founder and CEO of Chobani. Ulukaya’s path to success was untraditional, to say the least. He started in a closed down factory in a small town in upstate New York, working with a team of just five people and had no prior formal business, marketing or managing experience.

What was the first thing his team did after opening the factory? It’s not what you’d expect, but Ulukaya’s story bucks tradition from the beginning and you have to tune into to hear it straight from Ulukaya. After Chobani’s massive success, Ulukaya shares how he didn’t let success go to his head, how he has sought to stay accountable to his employees and how he doesn’t shy away from wider issues, like the refugee crisis. Listen to the interview to hear him tell the story of two refugees (of the 600 he’s hired) who found success working for Chobani. Ulukaya’s story is the story of a leader rebelling against assumptions about how businesses are run and putting purpose at the center of his business.  

Capway—Sheena Allen, on “VC Cheat Sheet”

Sheena Allen took a non-traditional route to entrepreneurship, launching Capway, a Financial Tech company, from rural Mississippi. Allen talks about her journey to launching the FinTech company, which serves different groups of financially underserved consumers and talks about the unconscious bias that she had to overcome to succeed.  

The ‘aha’ moment that led to her launching Capway came in a grocery store, where she saw a long line of people waiting to cash their checks. Through more research, Allen identified the massive gap in financial services for unbanked and underbanked populations—which leads to people cashing checks at nontraditional financial institutions, like grocery and convenience stores. Despite there being a huge market to serve this community, gaining support from investors was a challenge. Allen shares how she’s been able to find success and find the right investors to work with. And she holds nothing back, giving very direct advice to women and other underrepresented entrepreneurs looking to build support and sharing her advice on how to ask for help the right way. Listen to her story for insight into the experience of an entrepreneur building support for a service for underrepresented consumers.


Radio One—Cathy Hughes, on NPR’s “How I Built This”

For some serious entrepreneurial inspiration, you’ll want to listen to Cathy Hughes’ journey to radio success, which involves a fair share of bumps in the road along the way. As a young, single mom, Hughes moved from Omaha, Nebraska to Washington, DC to help launch the radio station at Howard University. She found success there by creating shows that catered to underrepresented communities in DC, but her journey didn’t stop there.

Hughes’s path to becoming a media mogul takes unexpected twists and turns, including a stint of living with her son in the young, struggling radio station she bought. Her story of navigating entrepreneurship, motherhood, success and expansion as a female founder of color is interesting for so many reasons; from the creative to the financial to the personal.

Coss Marte—ConBody, on Gimlet Media’s “Start Up”

Part 1 and Part 2
This is a story about second chances. Coss Marte is an ex-convict who spent four years in prison for selling drugs. Fast forward to today and he’s running a successful fitness business, ConBody.  

The inspiration for the company came while Marte was still in prison. Dealing with health problems and the confinement of prison, Marte developed his own workout routines that could be done in small spaces and without weights, and he helped other inmates do the same. In the podcast, Marte shares his story building up a customer base, battling negative perceptions and making sure to hire fellow ex-convicts, who struggle to get jobs after leaving incarceration. The podcast begins and ends with Marte and his cofounder, Jenn Shaw going to a pitch competition where they’re starkly reminded how much they stand out; he being Latino and Shaw being a woman among a crowd of mostly white, Ivy league grads. The story of his journey there, and the results of the pitch competition, will inspire and surprise you.


Mariam Naficy—Minted, on “Masters of Scale with Reid Hoffman”

Mariam Naficy is a two-time founder who launched both her companies in uncertain times. She started with Eve.com, the first major online cosmetics seller, which she launched in the late 90’s, a time when the future of the internet was unclear. In fact, to obtain the domain name, she actually had to make a deal with a very powerful five-year-old by the same name. From there, Eve.com raised $26 million in its first year and continued to scale rapidly until she sold the company in 2000.

After moving on from Eve, Naficy moved on to her next venture, Minted, an online stationary store. In this episode, she shares her challenges raising venture capital as a mom entrepreneur, and launching a company in 2008, at the height of a financial crisis. Minted would go on to raise $89 million in Venture Capital and ship to 70 million households, but along the way, Naficy faced a lot of teachable failures, which she shares with listeners.

We hope these podcasts inspire you as much as they have our team. For some more #BeFearless inspiration, check out our Be Fearless hub, and to learn more about how we’re championing entrepreneurship for all through inspiration capital and more, check out our Inclusive Entrepreneurship page and #FacesofFounders series.

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! 

A Month of Entrepreneurial Stories

Posted on by Case Foundation

Our Inclusive Entrepreneurship work at the Case Foundation is built upon the core value that we must change the way we all talk about entrepreneurship, expanding who we lift up as success stories and busting myths that hold entrepreneurs back. National Entrepreneurship Month gave us a great opportunity to dive into the subject again and to celebrate entrepreneurs from a wide variety of backgrounds. It also gave us a chance to provide an honest look at some of the challenges of entrepreneurship.

We focus our work in Inclusive Entrepreneurship on challenges across race, place and gender, driven by the stark statistics that show the disparities faced by diverse entrepreneurs. Just looking at venture capital distribution reveals that only 10 percent of venture-backed companies have a female founder and only one percent have an African American founder. And just 75 percent of all venture capital is being distributed to just three states; California, New York and Massachusetts. Talent is everywhere; opportunity is not. And many of these elements are central to the stories that were at the core of our National Entrepreneurship Month blogs.

November 1st was both the first day of National Entrepreneurship Month and National Stress Awareness Day, so we kicked off our series with an examination of the role stamina and support plays in becoming an entrepreneur. We asked our #FacesofFounders entrepreneurs how they manage the stress of launching and running a business. See what they said in Confronting the Dark Side of Entrepreneurship.

On Veteran’s Day, we shined a spotlight on veterans in entrepreneurship and ways to support them. Our friends at Bunker Labs took to #FacesofFounders to share how the organization is working to build an ecosystem to support veteran entrepreneurs. Read what CEO Todd Connor had to say in How Bunker Labs Is Building an Inclusive Ecosystem for Veteran Entrepreneurs.

Then we looked back at the Essence Festival panel our senior vice president, Sheila Herrling, moderated with a group of entrepreneurial changemakers. Herrling shares some of the top takeaways from the informative and action-inspiring conversation in Changing the Face of Entrepreneurship.

Finally, to celebrate Small Business Saturday and #Giving Tuesday we focused on some of the many ways individuals can support entrepreneurs running businesses of all sizes. Not every entrepreneur has the same financial and social resources, and in Keeping Entrepreneurship at the Heart of the American Experience, we highlighted the many ways that individuals can support entrepreneurs in their daily lives and with the purchasing decisions they make.

We hope these stories has given you a chance to learn more about entrepreneurs, their valuable contributions and how you can support them. To learn more and to access a list of resources on these subjects, visit our website, follow our Medium publication #FacesofFounders and subscribe to Breaking Good, the Case Foundation’s weekly newsletter, to see more from us on entrepreneurship, race, place and gender.

There is much more work to be done and while Entrepreneurship Month may be over, we will continue to champion building onramps to entrepreneurship for all with the goal of everyone having an equal chance at unlocking the American Dream. We hope you will join us.

Keeping Entrepreneurship at the Heart of the American Experience

Posted on by Case Foundation

Entrepreneurs are vital members of our communities. The products and services they provide, innovation they spur and jobs they create are critical to the economic wellbeing of a community and a core part of the American Experience. As we have seen in the growth of the Impact Investing movement over the past ten years, entrepreneurs are also increasingly focusing part, if not all, of their efforts on addressing social and environmental problems that other stakeholders have been somewhat ineffective at solving.

While we know that the idea of entrepreneurs toiling away by themselves alone in a garage is a myth, while bringing forward these innovative new ideas, many entrepreneurs do spend a significant amount of time working by themselves or in small teams before their business gets to scale. It takes a village to get a startup off the ground, but building the community needed to succeed can be challenging. For example, 48 percent of women founders cite a lack of available mentors as a barrier to success and the average cost to launch a startup is around $30,000 with reports claiming that 80 percent of funding for new businesses comes from personal savings, friends and family. This creates additional roadblocks for entrepreneurs without wealthy friends and families.

We believe that entrepreneurs are only as strong as the community around them — investors, ecosystem builders, their team, supportive policy and you! As we approach Small Business Saturday and #GivingTuesday, we have rounded up some of the ways that anyone, anywhere can help entrepreneurs succeed.

Head to #FacesofFounders to read more about how you can support the entrepreneurship ecosystem…

The Best Newsletters for Inclusive Entrepreneurship News

Posted on by Case Foundation

There’s a lot happening in the world of Inclusive Entrepreneurship, and as the movement gains traction and accelerates more and more every day, it can be hard to keep up with the news in the field. From new rounds of investment in companies driven by women and founders of color, to discussions on how unconscious bias plays a role in venture capital, to inclusive champions who are working to level the playing field—these are the stories that hit our inboxes everyday. And at the Case Foundation, we are sharing stories of founders from different races, places and genders who are challenging the old notions of entrepreneurship.

To help you keep up, we’ve compiled a list of the top newsletters that fill our inboxes with news of the changing face of entrepreneurship. Here’s what should be on your reading list:

  1. RaceAhead by Ellen MgGirt of Fortune talks about culture and diversity in corporate America. Sign up here.
  2. The Broadsheet by Kristen Bellstrom and Valentina Zarya of Fortune reports news on the world’s most powerful women in business and beyond. Sign up here.
  3. ThePLUG by Sherell Dorsey, Tyler Young and Korey Mac has the top news on African Americans in tech and entrepreneurship. Sign up here.
  4. Forward Cities shares the top news in inclusive innovation in up and coming cities across the country. Sign up here.
  5. Circle Up from Circular Board* is a roundup of news on the entrepreneurial ecosystem for women. Sign up here.
  6. Black Enterprise Magazine provides weekly digests with news on business, investing, and wealth-building resources for entrepreneurs of color. Sign up here.
  7. Breaking Good by the Case Foundation is our weekly curation of the top stories in Inclusive Entrepreneurship, Impact Investing and social good. Sign up here.

 Make your inbox do the work for you. With these informative email newsletter options, you’ll be an inclusive entrepreneurship expert in no time. And if you’re interested in impact investing, check out my blog on all the best newsletters for Impact Investing news!

 

*Jean Case is an investor in Circular Board

Immigrants, We Create Jobs

Posted on by Case Foundation

The Broadway musical Hamilton has a line that elicits thunderous applause every night—“Immigrants, we get the job done.” Recent research shows us that the line could just as accurately state, “Immigrants, we create jobs.” One recent study shows that immigrant-founded and owned companies employ nearly 6 million people. And even Mary Meeker’s 2017 report, which analyzes and predicts the latest Internet and technology trends, emphasizes the importance of immigrants in the tech sector and as entrepreneurs.

One of the most astounding graphics in this report shows how influential immigrants’ innovation has been in Americans’ everyday lives; 60 percent of the most highly valued tech companies were co-founded by first or second generation immigrants. These include Steve Jobs, a second generation Syrian immigrant, and Sergey Brin, the Russian immigrant who co-founded Google.

The expanded immigrant report also shows that as of 2007, 25 percent of all companies are founded by immigrants and Entrepreneur reports that more than 40 percent of businesses on the U.S. Fortune 500 List are launched by immigrants or children of immigrants. This is especially remarkable given that the overall percentage of immigrants in the US is only about 13 percent.

We have seen firsthand the power of immigrant experiences through #FacesofFounders. Entrepreneurs like Shazi Visram of Happy Family, Markos Moulitsas Zuniga of Daily Kos, Felicity Conrad of Paladin and Annie Liao Jones of Rock Candy Media all took their immigrant and first generation experiences, their drive to build a life here and their entrepreneurial spark to build something important and meaningful. For entrepreneurs—like Jean Sim of Fresh Monster, for example—who not only immigrated with their parents but also followed in their entrepreneurial footsteps, having immigrant role models significantly impacted the goals they set for themselves. As Jean says, “I saw firsthand how being an entrepreneur was the best possible way to shape my own future, and how much effort it took to succeed.”

But the compelling case for inclusive entrepreneurship isn’t just the personal stories and life experiences of immigrants and diverse communities. What makes inclusive entrepreneurship vital is the economic and financial impact that investing in diversity can have. Not only have we seen that investing in women can provide outsized returns and that diverse teams outperform industry averages, but the National Venture Capital Association offers more insight into the vast contributions immigrants make in the startup world in their publication “ Why Immigrant Entrepreneurs are Crucial for America’s Future.” In it, they quote Bill Draper, one of the first venture capitalists, emphasizing, “Immigrants are such a key part of the entrepreneurial spirit in America. Immigration has been at the root of this country since the beginning, and we need to hold on to it and encourage it.”

Groups like Unshackled Ventures see this opportunity and have created support systems and investment funds to accelerate immigrant businesses. In addition to pre-seed capital and network support typical of most accelerators, Unshackled Ventures specializes in what its entrepreneur cohorts need most—employment and immigration support to legally work and build a company in the U.S. Specialized accelerators like this, alongside substantial support from investors and companies for smart immigration policies and start-up visas, are critical to democratizing access and opportunity to America’s next big idea and next set of jobs.

So why do so many of those who were born in a different country have such a large share of entrepreneurial spirit and success? We believe it is because a diversity of backgrounds leads to a diversity of innovation which, in turn, drives a greater expansion of the creative force and job opportunity in America. This kind of smart business decision is why we push for inclusive entrepreneurship so strongly. Inclusive entrepreneurship is not limited to acknowledging the contributions of women and minorities. It means enabling people from all demographics to get in the arena and let their ideas, from a kids’ shampoo to a behemoth search engine, change the world. And particularly in this time of division, turmoil and violence against communities of color, it is our responsibility to stand up for opportunity, stand up for justice and stand next to those fighting every day for an equal chance at the American Dream.

50 Entrepreneurial Influencers You Should Be Following On Twitter

Posted on by Case Foundation

At the Case Foundation, we celebrate the power of entrepreneurship—as a means to help changemakers tackle global challenges, transform communities, create jobs, spur economic growth and close the opportunity gap—every day of the year.

This week however is special, as we join with millions of others in the world’s largest celebration of entrepreneurs, innovators and job creators during Global Entrepreneurship Week (GEW). Now in its ninth year, GEW “inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators.” It has become a “platform for connection and collaboration—engaging all players along the entrepreneurship spectrum in strengthening ecosystems around the world.”

To forge a stronger, more dynamic and increasingly diverse entrepreneurial ecosystem, we have curated a list of 50 influencers in the entrepreneurial space—with a focus on social entrepreneurs, women entrepreneurs, entrepreneurs of color, impact investors and ecosystem builders—who we encourage you to follow and engage with on Twitter. We recognize that there are thousands of others who are actively engaging in this conversation on Twitter… so if you want to shine a spotlight on others supporting this ecosystem, please let us know on Twitter using @CaseFoundation and the hashtag #Ent4All.

And don’t forget to keep in touch with the Case Foundation and our team!
@CaseFoundation   @JeanCase   @SteveCase   Full Team List

Entrepreneurial Influencers*:
Easily follow every Twitter handle on this list through our Entrepreneurship Twitter List.

Halcyon Incubator

@HalcyonIncubate

Supporting intrepid social entrepreneurs with transformative ideas to solve 21st century challenges.

PowerMoves

@PowerMovesNOLA

PowerMoves.NOLA is about creating power through opportunity – the opportunity of high growth minority Traditional & Tech Entrepreneurship.

1776

@1776

Global incubator & seed fund helping startups transform industries that impact millions—education, energy & sustainability, health, transportation & cities.

FundGoodJobs

@FundGoodJobs

We bet on good job creators.

Propeller

@GoPropeller

Propeller is a New Orleans nonprofit that works to solve local problems through social innovation. #PropelForward #PropelChange

Scott Case

@tscottcase

@MainStGenome Co-Founder *** Up Global https://www.UP.co *** @MalariaNoMore to end malaria deaths in Africa by 2015.

Entrepreneur Magazine

@EntMagazine

Premier business magazine for entrepreneurs. Our main account is @Entrepreneur. Follow this account for all print-related content and material.

Penny Pritzker

@PennyPritzker

The official Twitter feed of the United States Secretary of Commerce Penny Pritzker

TechStars

@TechStars

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to build their business.

Catalyst

@CatalystInc

Working globally to build inclusive workplaces and expand opportunities for women and business. Terms of use: https://catalyst.org/node/683

Tory Burch Foundation

@ToryBurchFdn

The official Tory Burch Foundation tweets.

UBS

@UBS

Follow us for news about UBS, our events and opinions from around the world.

Startup Weekend

@StartupWeekend

Create communities & build companies in a weekend! No Talk. All Action. Part of @techstars and powered by @GoogleForEntrep

Kauffman Foundation

@KauffmanFDN

Fostering economic independence by advancing education & entrepreneurship. RTs ≠ endorsements. House Rules https://kff.mn/110LS6x

Global Entrepreneurship Network

@unleashingideas

#GEW has given rise to a Global Entrepreneurship Network of entrepreneurs, investors, policymakers, researchers and other startup champions in 160+ countries.

Branson Centre

@bransoncentre

The Branson Centre was established by Richard Branson and Virgin Unite to identify promising entrepreneurs and equip them to launch successful businesses.

Inc

@Inc

Everything you need to know to start and grow your business now.

Conscious Company

@ConsciousCoMag

Print and digital publication about innovative, sustainable businesses that are doing good in the world.

Forbes

@Forbes

Official Twitter account of https://Forbes.com , homepage for the world’s business leaders.

FastCompany

@FastCompany

Official Twitter feed for the Fast Company business media brand; inspiring readers to think beyond traditional boundaries & create the future of business.

Skoll Foundation

@SkollFoundation

Driving large-scale change by investing in, connecting, & celebrating social entrepreneurs & innovators dedicated to solving the world’s most pressing problems

Forward Cities

@ForwardCities

A national learning collaborative between cities of innovation. Focus: inclusive innovation; shared learning; social impact; entrepreneurship.

New Economy Initiaitve

@NEIMichigan

New Economy Initiative for SE Michigan is accelerating the transition to an innovation-based economy that expands opportunities for all.

Christopher Gergen

@cgergen

Focus on urban innovation & developing next generation high-impact leaders. Author, teacher, father, entrepreneur.

Arlan Hamilton

@ArlanWasHere

Investor/Managing Director at @Backstage_Cap 

Earl Robinson

@pmnolaearl

CEO, New Orleans Startup Fund & PowerMoves.NOLA: Providing underrepresented, early-stage treps with access to capital, guidance and a national ecosystem.

Idea Villages

@IdeaVillage

For entrepreneurs and those who believe in them.

Jess Knox

@jknox78251

Movement maker; growth consultant; father; Maine Startup & Create Week, @startupportland @olympicostrat

Blackstone Launch Pad

@BxLaunchPad

Blackstone LaunchPad is a campus entrepreneurship program offering coaching, ideation and venture creation support.

Kapor Center

@KaporCenter

The Kapor Center is relentlessly pursuing creative strategies to leverage tech for positive, progressive change.

SBA

@SBAgov

The official Twitter account of the U.S. Small Business Administration. News, tips, and resources for the small biz community.

JumpStart Inc

@JumpStartInc

JumpStart is a nationally recognized nonprofit accelerating the success of diverse entrepreneurs, their high growth companies and the ecosystems supporting them

The Pew Trusts

@pewtrusts

Driven by knowledge to solve today’s challenging problems, improve public policy, inform the public, and invigorate civic life. RT does not imply endorsement.

Ross Baird

@rossbaird

Executive Director of @villagecapital; also teach at @UVA. Enable entrepreneurs to solve major global problems. Big fan of @UVa basketball, @braves.

CityLab

@CityLab

All things urban, from The Atlantic.

Aspen Institute Center for Urban Innovation

@AspenInstitute

Exploring ideas. Inspiring conversations on issues that matter.

National Urban League

@NatUrbanLeague

Established in 1910, National Urban League is the nation’s oldest and largest community-based movement devoted to empowering African Americans.

Small Business Majority

@SmlBizMajority

We are a national small business organization founded and run by small business owners.

Opportunity Hub

@ohubatl

Opportunity Hub is the largest minority owned multi-campus coworking space, entrepreneurship school, pre-accelerator and incubator.

John Hope Bryant

@johnhopebryant

Thought leader, founder, chairman and CEO, Bryant Group Ventures & Operation HOPE, bestselling author of How The Poor Can Save Capitalism & LOVE LEADERSHIP

Network for Teaching Entrepreneurship

@NFTE

Network for Teaching Entrepreneurship (NFTE) is a global nonprofit that unlocks potential in young people by teaching them how to think entrepreneurially.

Opportunity Finance Network

@OppFinance

OFN is a national network of CDFIs (community lending institutions) that invest in opportunities to benefit low-income and low-wealth people in the U.S.

Ellevate Network

@EllevateNtwk

A global women’s network. The essential resource for professional women who create, inspire and lead. Together we #InvestInWomen.

Sallie Krawcheck

@SallieKrawcheck

Ellevest, Ellevate Network…past head of Merrill Lynch & Smith Barney ….past research analyst…..mom….crazed UNC basketball fan

Lesa Mitchell

@lesamitchell

Supporting networks that enable inventors and startups to scale.

Craig Shapiro

@cshapiro

Founder and managing partner @collabfund. Student of history.

Jacqueline Novogratz

@jnovogratz

Founder/CEO of @acumen, dedicated to changing the way the world tackles poverty. Author of The Blue Sweater

Linda Rottenberg

@lindarottenberg

Endeavor CEO and Co-Founder, high-impact entrepreneurship promoter, mom of identical twins. Author of Crazy Is A Compliment

Omidyar Network

@OmidyarNetwork

A philanthropic investment firm harnessing the power of markets to create opportunity for people to improve their lives. #PositiveReturns

Google for Entrepreneurs

@GoogleForEntrep

News and updates from Google for Entrepreneurs.

*This list is provided for informational and educational purposes only. Inclusion on this list does not include endorsement by the Foundation.

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