Dear friends and colleagues:
Three months ago, we took down the Reinventure website in recognition of the intersecting and colliding crises unfolding around us. We chose to take a knee in honor of the moment and to elevate the community we love.
At the time, we said, “This is an extraordinary moment in history, a liminal space. The outcome is not determined. Will we emerge from this turbulent interval as a vibrant and just society in renaissance, or a dying hegemony in collapse?”
In light of all that has happened this summer, and even moreso in light of all that has not happened, these questions loom even larger in our view today than they did in June.
That is why we categorically reject calls for a return to business as usual. Business as usual is what created the systemic inequality and violence that recent crises have exacerbated.
We are committed to a completely different path forward. Reinventure is actively working to invest for better: for racial / social / gender equity and a healthier, more resilient, more prosperous society, as well as nonconcessionary financial returns.
To that end, Reinventure invests exclusively in US-based companies led and controlled by BIPOC and/or womxn founders, at breakeven and poised to grow profitably. It’s a high-impact, high-return investment strategy with an audacious systems change objective: to break the persistent asymmetry in access to capital that is driving financial inequality and destroying our economy, our society, and human lives.
We are actively in selection and due diligence on our first portfolio companies and we are currently scheduling rolling closes for new LPs keen to join us in growing up the economic engines that can lead us out of our current socioeconomic disaster. This is not new for us — we first committed to this strategy four years ago, and Ed pioneered that strategy nearly three decades ago — rather we are doubling down on the path forward.
Nevertheless, to everything there is a season, and we are marking this new season by relaunching the Reinventure Capital website with renewed vigor, a fresh design, and deeper content.
We are keen to hear your thoughts and we ask for your support in spreading the word. Please share your feedback with us, and share the site with your network.
If you are an accredited or institutional investor, we would love to welcome you as an LP.
And as always, please let us know if there is any other way we might conspire together for good. We are surely all in this together.
Most importantly, please continue to stay safe, be well, and do good —
Ed, Julianne, Yuritzi, and Shijiro
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Boston-based Reinventure Capital invests exclusively in US-based companies led and controlled by BIPOC and/or womxn founders, at breakeven and poised to grow profitably. As highlighted by such varied sources as the World Economic Forum, McKinsey, BCG, TechCrunch, The Brookings Institution, Kauffman Foundation and others, the venture capital community’s hyperconcentration on white male founders from a dozen universities has blinded the sector to many of the most innovative, low-risk, and high-return companies in the United States, and the founders most likely to lead both US economic recovery and LP returns — what Morgan Stanley has characterized as a trillion-dollar blind spot.
Reinventure President Ed Dugger pioneered our high impact and high return investment playbook: under his leadership, UNCV returned 32% IRR over its last ten years. Reinventure is accepting LPs in rolling closes; minimum commitment is $250k; typical commitments are $1-5M. For more on the Reinventure investment perspective, see the Reinventure website and blog archive; or contact ed@reinventurecapital.com.
Legal Notice
The information contained in this communication does not constitute, and should not be used or construed as, an offer to sell, or a solicitation of any offer to buy, securities of any issuer, fund or other investment product in any jurisdiction. No such offer or solicitation may be made prior to the delivery of definitive offering documentation. The information in this communication is not intended and should not be construed as investment, tax, legal, financial or other advice.