Sources of Capital for Black Entrepreneurs

Steven  Rogers; Stanley  Onuoha; Kayin  Barclay

Background Note | HBS Case Collection | May 2019

Sources of Capital for Black Entrepreneurs

by Steven Rogers, Stanley Onuoha and Kayin Barclay

Abstract

This note was written primarily for black entrepreneurs in order to help them raise capital. The second objective was to recognize the capital providers who are part of the solution to the problem of less than 2% of private equity capital and 1.7% of debt capital in 2018 being invested in black entrepreneurs. The note reviews the evidence that black entrepreneurs have less access to capital than do white entrepreneurs; examines the reasons for that disparity, which is primarily due to anti-black racism proven from scholarly research; reflects on the societal impact; and—uniquely—compiles a directory of entities that have funded black entrepreneurs.

Keywords: black entrepreneurs; access to capital; Capital; Entrepreneurship; Prejudice and Bias;

Language: English

Format: Print

19 pages

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Citation:

Rogers, Steven, Stanley Onuoha, and Kayin Barclay. "Sources of Capital for Black Entrepreneurs." Harvard Business School Background Note 319-117, May 2019.

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Sources of Capital for Black Entrepreneurs

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