1 00:00:00,320 --> 00:00:04,160 Speaker 1: Why is it good business to provide assistance to black 2 00:00:04,160 --> 00:00:06,040 Speaker 1: owned starters. When you think about you know, there's a 3 00:00:06,080 --> 00:00:10,440 Speaker 1: moral responsibility, um, and that helps some people get it 4 00:00:10,480 --> 00:00:12,320 Speaker 1: that they should be doing this. But when you talk 5 00:00:12,360 --> 00:00:15,200 Speaker 1: about the business implications, why is a good business to 6 00:00:15,280 --> 00:00:19,960 Speaker 1: be invested into into startups from people of color? Yeah, 7 00:00:20,040 --> 00:00:22,520 Speaker 1: that's that's a very popular question. And I mean, I 8 00:00:22,560 --> 00:00:27,080 Speaker 1: think economic empowerment is is important because I also think 9 00:00:27,120 --> 00:00:32,680 Speaker 1: about like Maslow's hierarchy of needs, and when people are 10 00:00:32,720 --> 00:00:39,720 Speaker 1: struggling and just focusing on survival, they can't operate in 11 00:00:39,800 --> 00:00:45,120 Speaker 1: their full potential. They can't be great contributors to their 12 00:00:45,120 --> 00:00:49,720 Speaker 1: local community or to the national community. They can't bring 13 00:00:49,760 --> 00:00:55,520 Speaker 1: new ideas, they can't innovate. So I believe that economic 14 00:00:55,560 --> 00:01:00,320 Speaker 1: empowerment allows people to have greater control over their time, 15 00:01:00,440 --> 00:01:05,040 Speaker 1: over their resources, and be greater contributors to society. And 16 00:01:05,080 --> 00:01:09,600 Speaker 1: we live in America in a country that practices capitalism 17 00:01:09,680 --> 00:01:14,959 Speaker 1: and puts great value on innovation. I think providing more resources, um, 18 00:01:15,280 --> 00:01:19,560 Speaker 1: we're spreading resources more equitably will create more innovation from 19 00:01:19,560 --> 00:01:22,160 Speaker 1: the from these different communities that have so much talent, 20 00:01:22,560 --> 00:01:27,480 Speaker 1: where you know, so rich and culture and um, just 21 00:01:27,800 --> 00:01:35,000 Speaker 1: unique value that allow it's really untapped. It's untapped capital, 22 00:01:35,160 --> 00:01:38,119 Speaker 1: intellectual property that's there that if you can give them, 23 00:01:38,120 --> 00:01:40,279 Speaker 1: get them out of survival mode and give them space 24 00:01:40,319 --> 00:01:43,120 Speaker 1: to to implement and too I d A and create. 25 00:01:43,480 --> 00:01:46,399 Speaker 1: There's a whole new world of opportunity that we can 26 00:01:46,440 --> 00:01:50,160 Speaker 1: come and stumble upon and resources and ideas and services 27 00:01:50,160 --> 00:01:52,760 Speaker 1: that we haven't yet thought of. So that's to me, 28 00:01:52,880 --> 00:01:57,840 Speaker 1: the initial thought around economic empowerment. Plus, I also believe 29 00:01:57,880 --> 00:02:01,480 Speaker 1: that social justice is a bible product of economic empowerment. 30 00:02:01,760 --> 00:02:06,080 Speaker 1: So when you put more financial resources and capital and 31 00:02:06,520 --> 00:02:11,200 Speaker 1: marginalized communities, they now can start businesses and create a 32 00:02:11,240 --> 00:02:16,720 Speaker 1: more self sufficient economy. They now can donate and elect 33 00:02:16,800 --> 00:02:19,480 Speaker 1: officials in their local communities that look like them, that 34 00:02:19,560 --> 00:02:22,520 Speaker 1: have their best interests in mind. They now can invest 35 00:02:22,600 --> 00:02:26,040 Speaker 1: in education in their local communities and have better schools. 36 00:02:26,320 --> 00:02:32,240 Speaker 1: So I think foundationally it just creates better UM infrastructure 37 00:02:32,400 --> 00:02:35,840 Speaker 1: and better society for all people, and it gives it 38 00:02:35,880 --> 00:02:40,400 Speaker 1: gives marginalized communities more self sufficient UM resource and opportunities. 39 00:02:40,400 --> 00:02:42,160 Speaker 1: So that's that's kind of what I think about when 40 00:02:42,160 --> 00:02:46,240 Speaker 1: I say economic empowerment. This black tech, green money, Share 41 00:02:46,240 --> 00:02:48,000 Speaker 1: this podcast with the people you're closest to