Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • May 2019
  • Background Note
  • HBS Case Collection

Sources of Capital for Black Entrepreneurs

By: Steven Rogers, Stanley Onuoha and Kayin Barclay
  • Format:Print
  • | Language:English
  • | Pages:19
ShareBar

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

Citation

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

More from the Authors

    • June 2019
    • Faculty Research

    The National Museum of African American History and Culture and Lonnie Bunch

    By: Steven Rogers and Derrick Jackson
    • January 2019
    • Faculty Research

    Richard Taylor—African-American Investors Break into Boston's Downtown Real Estate Market

    By: Steven Rogers and Alyssa Haywoode
    • October 2018
    • Faculty Research

    Fairview Capital

    By: Steven Rogers and Derrick Collins
More from the Authors
  • The National Museum of African American History and Culture and Lonnie Bunch By: Steven Rogers and Derrick Jackson
  • Richard Taylor—African-American Investors Break into Boston's Downtown Real Estate Market By: Steven Rogers and Alyssa Haywoode
  • Fairview Capital By: Steven Rogers and Derrick Collins
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College.