THE FINANCE REPORT

Now is Perfect Opportunity to Support

Young, Brilliant Professional Leaders

need our support. are undercapitalized where their

counterparts from other groups are openly given the capital and opportunity to give their businesses a fair chance to bear fruit. We not only need to support businesses as patrons, we need to invest in them. If we do not, who will? For those entrepreneurs looking to fly high with high growth ventures, we know access to capital is not equitable, particularly for founders in the Black community. There is a clear misallocation of capital and yet the statistics show that we are more likely to outperform or perform on par with BY KEVIN CADETTE entrepreneurs from other ethnic groups.

Celebrating Legacy magazine’s “40 where friends and family are the first under 40” is an opportune time to shine a investors, angel capital is here too. light on young excellence. Venture capital will most likely

As a community we not only give you a pass because you may need to shine a light and support their be too early, but realistically it will ascendance, but for those in corporate be a challenge even if you are more America, we need to support their careers established. with mentorship and guidance regardless Venture capital firms have of their level. historically invested less than 1 percent

And for those with their own of their capital in startups with Black ventures, we need to invest in them, founders. We need the same access to especially the ones who are going capital as offered to White founders to be creating more jobs, and more (87 percent) and Asian founders (12 opportunities for our community. percent).

For the corporate trailblazers, Black Angels Miami is where you a growing body of data clearly can find Angels investors, and a clear demonstrates that diverse management opportunity for entrepreneurs to have a teams drive strong returns. Companies fair shot of attaining capital. For those in the top quartile for ethnic diversity thinking about being investors, BAM at the management level are 33 percent is there to support you taking those first more likely to drive industry leading steps. profitability. BAM does not require its members

Diversity of thought gives to invest. We simply want to make companies an edge over competitors. It’s sure that angel investors are exposed to good business for corporations to support spectacular early-stage companies that diversity at all levels. need their help.

For the entrepreneurs, the business There are many ways to support the owners, and the job creators, they chart brilliance in our community. To the “40 their own path to wealth — and they under 40” – shine on!

How many people do we all know Black Angels Miami: Supporting that are simply brilliant, but don’t have Brilliance with Capital. Enabling the opportunity to bring their passions, investing for a higher reward. Website: expertise or genius to life. www.blackangels.miami Twitter: @

Too often our entrepreneurs blackangelsmia n For those at the earliest stages