Designing An Equitable Venture Fund

This year, I’ve begun a deep dive into unlearning and re-learning ecosystem building through the lens of what is desired by Black innovators versus corporate social responsibility initiatives such as “Diversity and Inclusion.”

At the start of the year, HBCUvc created a new vision statement that reads:

To build a global innovation economy where Black, Indigenous, and Latinx innovators can boldly create, fail, invest, and thrive

We aim to direct how capital is formed and distributed to achieve our vision. The HBCUvc team and I are working to refine our mission, curriculum, and programs to strategical align with this new vision. I want to create a framework that articulates our model of change anchored in this vision. I also plan to share our development process along the way.

Models that I’m inspired by:

  • Praxis’ model of Redemptive Entrepreneurship
  • Creative fund structures with shared prosperity models such as Upside Partnership and London-based Kindred Capital. Both firms share ownership of their fund (or carry) with founders that they’ve invested in
  • Evergreen fund structures
  • Bell Hooks’ Feminist Theory: From Margin to Center

Any other models that I should check out?

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

About Hadiyah

Software Engineer, Entrepreneur, and Startup Aficionado. I co-founded a student venture firm for students at historically black colleges, HBCUvc, software development agency, Playpen Labs, and Black Founders nonprofit.