Lessons in How To Raise Capital in an Egalitarian Society

So, my friend and business partner, who is a Finance Lecturer and Private Equity Investor wants me to do an intro to someone at a London-based venture capital firm and is offering me 5% of however much equity he receives from a capital raise which he will negotiate as a result of my introduction.

The problem here is that there arguably isn't enough respect or regard shown in the profession to allow black entrepreneurship networks like that of myself and my business partner to flourish. We have cautiously approached one investor who although being kind enough to provide his contact details, did not acquiesce to respond or provide constructive criticism. Some high-profile VCs have bad reputations and even worse attitude problems. Maybe it's a money issue?

I originally thought I'd share the context of the discussion, but I have since changed my mind. Best to leave it there. Let's just say the effect of this was a fruitful conversation I've had with my business partner in regards to social action, and the economic rights of ethnic minorities, with a reference to this exact journal article.

What ought to be said is that the foremost figure of civil and political rights of that time and perhaps of all-time, was a revolutionary who died (or was assassinated) in his prime due to attempts to combat the sheer lack of economic rights provided to citizens of Black African descent.

It's a great paper to read and I thought I would share it.

One can relate this paper and its argument to my experience in tech, and what we get is a resounding reaffirmation of how venture capital networks actually operate. Unlike the nameless resume process or the blind exam paper in Universities, venture capital is allocated on a preferential basis. This needs to change.

Myself and my business partner, albeit unknowingly, have a mission and commitment to ask questions and take notes about the nature of our experiences, on behalf of others (both investors and founders) who may be in our shoes, given the fact that a) we are seeking investment in a relatively competitive sector - augmented reality and b) we're not all white males, so we have no such associated privilege.

I'll keep you updated about my business partner's journey.