In 2017, the IRL social networking platform Meetup created groups called “Resist” to take political actions against the incoming President of the United States. I joined briefly but found myself a bit too center of left from the other participants. At one memorable training session, we were asked what was the one issue that we were willing to work for the long haul to achieve. Although a lot of admirable issues were raised, only myself and a real estate executive in attendance listed “economic justice” as our do or die trying issue.
I am sadly more ignorant of history than I care to admit. However, it was eye opening to learn, many years past the end of my formal education, that MLK fought hard for economic justice such as working with striking union workers to improve their situation. It makes sense in retrospect, but that was often left out in histories of the civil rights movement. Perhaps those efforts weren’t sensational enough for news coverage during the 1960s.
It was therefore encouraging to hear about a student-led accelerator fund to improve the 3% and 1% of venture funding, respectively, that Black and Latinx founders receive of the VC pie:
“‘As a team of students, we wanted to take matters into our own hands to help founders succeed — it’s our mission to support entrepreneurs early in their journeys, and amplify voices that are often underestimated.’
“Envision will provide an eight-week curriculum and around $10,000 in equity-free capital to companies taking part. Each of the eight weeks that Envision lasts will feature a theme, 1:1 mentorship, office hours with startup veterans and, at the end, a blitz of investor-focused mentorship, and an invite-only demo day.“