Investing in small, emerging, Black venture capital fund managers is a missed opportunity for institutional investors and accredited investors. For that to happen the industry needs to change.
"It seemed like my white colleagues were making more money with their stock options than I was," she said disappointedly. She believed other smart, talented Black people were also missing out.
. Like many women, Mc Laughlin is comfortable investing for the long haul. She likened it to investing in her retirement and her house."I am not trying to flip my house," she said."I live here." Many institutional investors have made DEI commitments without defining what they are committing to, lamented Mc Laughlin. They meet with small, emerging, and diverse managers to check a box and fulfill a marketing and PR pledge. They are not making the systemic changes that will enable Black VCs to raise money more quickly.
Don't use industry jargon to obfuscate and make things look more complicated than need be. Demystify your processes by speaking in plain English.Institutional investors must develop ways to invest in high-performing small, emerging, and diverse VC funds. Large institutions often prefer to make $10 million to $50 million investments but cannot represent more than 10% of a fund's capital. Few emerging Black managed funds can absorb that size investment.
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