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Diverse Managers Provide Avenue for Inclusive Entrepreneurship

In 2019, the Knight Foundation reported that only 1.4% of U.S.-based assets are managed by diverse-owned firms. In 2022, just 1% of VC funding went to Black founders, 1.5% to Latino founders, and 1.9% went to women-founded teams. The gap between asset owners and managers, and the gap between managers and entrepreneurs, restricts flow of capital to the communities that need it the most. In May 2024, the Mission Investors Exchange hosted an Impact in Action session that focused on how investors can help to bridge those gaps and act as catalytic community partners. The session took place at the Slauson & Co office in South Los Angeles. Slauson & Co is a Venture Capital firm that invests with an economic inclusion approach. During the session, attendees heard 2 panel discussions, one focusing on the role of funders and the other focusing on Slauson’s strategy as an allocator. This session structure illustrated how capital can flow from asset owners to community entrepreneurs, and how the choice of manager can directly impact the diversity of their investments.

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A storyteller at heart, Elizabeth Gilbert Kaetzel, an Impact Entrepreneur correspondent, has nearly a decade of experience implementing communications strategies within the social impact sector. As Founder of Narratur Studio, she specializes in crafting messaging that aligns with organizations' values and advances their social impact and capital goals. Elizabeth’s work ... Read more

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