WEBVTT - Its actually good biz to support Black startups

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<v Speaker 1>Why is it good business to provide assistance to black

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<v Speaker 1>owned starters. When you think about you know, there's a

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<v Speaker 1>moral responsibility, um, and that helps some people get it

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<v Speaker 1>that they should be doing this. But when you talk

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<v Speaker 1>about the business implications, why is a good business to

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<v Speaker 1>be invested into into startups from people of color? Yeah,

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<v Speaker 1>that's that's a very popular question. And I mean, I

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<v Speaker 1>think economic empowerment is is important because I also think

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<v Speaker 1>about like Maslow's hierarchy of needs, and when people are

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<v Speaker 1>struggling and just focusing on survival, they can't operate in

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<v Speaker 1>their full potential. They can't be great contributors to their

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<v Speaker 1>local community or to the national community. They can't bring

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<v Speaker 1>new ideas, they can't innovate. So I believe that economic

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<v Speaker 1>empowerment allows people to have greater control over their time,

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<v Speaker 1>over their resources, and be greater contributors to society. And

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<v Speaker 1>we live in America in a country that practices capitalism

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<v Speaker 1>and puts great value on innovation. I think providing more resources, um,

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<v Speaker 1>we're spreading resources more equitably will create more innovation from

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<v Speaker 1>the from these different communities that have so much talent,

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<v Speaker 1>where you know, so rich and culture and um, just

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<v Speaker 1>unique value that allow it's really untapped. It's untapped capital,

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<v Speaker 1>intellectual property that's there that if you can give them,

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<v Speaker 1>get them out of survival mode and give them space

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<v Speaker 1>to to implement and too I d A and create.

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<v Speaker 1>There's a whole new world of opportunity that we can

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<v Speaker 1>come and stumble upon and resources and ideas and services

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<v Speaker 1>that we haven't yet thought of. So that's to me,

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<v Speaker 1>the initial thought around economic empowerment. Plus, I also believe

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<v Speaker 1>that social justice is a bible product of economic empowerment.

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<v Speaker 1>So when you put more financial resources and capital and

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<v Speaker 1>marginalized communities, they now can start businesses and create a

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<v Speaker 1>more self sufficient economy. They now can donate and elect

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<v Speaker 1>officials in their local communities that look like them, that

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<v Speaker 1>have their best interests in mind. They now can invest

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<v Speaker 1>in education in their local communities and have better schools.

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<v Speaker 1>So I think foundationally it just creates better UM infrastructure

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<v Speaker 1>and better society for all people, and it gives it

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<v Speaker 1>gives marginalized communities more self sufficient UM resource and opportunities.

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<v Speaker 1>So that's that's kind of what I think about when

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<v Speaker 1>I say economic empowerment. This black tech, green money, Share

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<v Speaker 1>this podcast with the people you're closest to