4 steps toward funding models that support entrepreneurs of color

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How can entrepreneurs of color thrive in a financial system built on exclusion? Discriminatory policies in financing and venture capital continue to marginalize racial minorities, as practices such as redlining — denying financial services based on demographics — persist in modern-day forms. Now, financial influencers are grappling with how to eradicate those policies and the worldview that perpetuates them.
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On Jan. 14, MIT Sloan hosted “Uncovering Capital: Creating New Funding Models for BIPOC Entrepreneurs” to discuss ways to move forward.
Malia Lazu, a former Berkshire Bank executive vice president and current MIT Sloan lecturer who focuses on inclusion in the innovation economy, moderated the conversation. Financial activist Lynne Hoey, head of lending at the Candide Group, and social entrepreneur Konda Mason, president of Jubilee Justice and strategic director of the Runway Project, joined her for a candid discussion.

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