Honoring the community we love
Reinventure is proud to be an active member of a vibrant, diverse, and highly prolific ecosystem of investors and capital allocators, founders, researchers and analysts, policymakers, community builders, and many others who are actively knitting together a more equitable, resilient, and prosperous society. We cannot possibly stay current with all the excellent work being produced all around us, and we are constantly inspired and humbled by the pace at which the ecosystem is growing and flourishing.
We hope this small sampling of resources is helpful to you to debunk persistent falsehoods, connect with peers and allies, and channel capital.
There is no pipeline problem, there is no shortage of "investable" talent, women and people of color are no less capable of building high value enterprises than their white male peers, and we do not live in a meritocracy. Yet counterfactual assertions to the contrary persist, despite having been thoroughly disproven many times over.
Here is just a tiny sampling of the ever-expanding universe of resources to help you push back against stubborn disinformation, and redirect your money accordingly:
American Express — State of Women-owned Businesses Report
Anne Ravanona — Why is access to funding harder for women entrepreneurs?
As You Sow — Workplace Diversity, Equity, And Inclusion
BBG Ventures — Lessons from Backing Over 100 Female-Led Start-Ups
BCG — Why Women-Owned Startups Are a Better Bet
Beyond the Billion — Beyond the Bigotry: Battling Racial Injustice
Black Enterprise — Why More Firms Are Providing Funding to Black Women Entrepreneurs
BostInno — VC Funding in Female-Founded Startups Drops Amid Pandemic - PitchBook
Bridgespan Social Impact — Getting Money off the Sidelines: A Starting List to Invest for Racial Equity
Brookings — Businesses owned by women and minorities have grown. Will COVID-19 undo that?
CDC Investment Works, FMO Entrepreneurial Development Bank — Responsible Venture Capital
Center for American Progress — A Blueprint for Revamping the Minority Business Development Agency
CFA Institute — Diversity, Equity, and Inclusion Code (USA and Canada)
CFP Board — Want more asset manager diversity? Reevaluate due diligence processes using metrics that matter
Citi — Closing the Racial Inequality Gaps: The Economic Cost of Black Inequality in the US
Cornerstone Capital —Women Entrepreneurs: Foundational To Economic Recovery
Criterion Institute — Blueprint on Using Finance for Social Change
Crunchbase — Global VC Funding to Female Founders Dropped Dramatically This Year
Culture Shift Labs — Why New Black Venture Capital Funds Will Generate Outsized Returns and Help Close the Racial Wealth Gap – VOLUME II
Culture Shift Labs — Latinx VC Research Report
Culture Shift Labs — The Innovation-Diversity Connection Vol. II
DigBoston — Opinion: Five Ways to Increase Funding for Black Founders in Mass
Diverse Asset Manager Initiative — 2020 Annual Investment Manager Survey
Dropbox Docsend — The Funding Divide 2022
Emerging Manager Monthly — Diverse Manager Directory
Endeavor Insight — Mission Critical: Why the American Economy Needs Veteran Entrepreneurs
Fast Company — Why is #FinanceSoWhite?
Fast Company — After A Brief Streak, Venture Capital Has Ditched Black Startups
Federal Reserve Bank of Boston — Enduring Divides: Racial Disparities in Today's Economy
Fintech TV — A Look at the Future of Socially Responsible Investing with Rachel Robasciotti of Adasina
First Republic — The State of Gender Compensation in Venture 2022
Forbes — Investors think they are fair but minority-owned businesses are left out
Forbes — The Power Of Diversity, Equity, And Inclusion To Improve Risk-Adjusted Returns In Private Equity
Ford Foundation — From Generosity to Justice
FSG — The Competitive Advantage of Racial Equity
GenderSmart Guide to Investing in First-Time Women and Diverse Fund Managers
GenderSmart — JEDI Investing Toolkit
Georgetown Law Center — Fact Sheet: Black Women's Financial Trauma
Glenmede — Racial Equity Investing
Harlem Capital — The Harlem Capital Syllabus: A Primer on Venture Capital
Harvard Kennedy School Belfer Center for Science and International Affairs — Responsible Investing in Tech and Venture Capital
HBR — The other diversity dividend, How and Where Diversity Drives Financial Performance
Illinois Government Finance Officers Association — Lost opportunities and unseen risks loom when investing without intention
ILPA — Diversity in Action: Sharing Our Progress
Impact Alpha — Emerging impact fund managers represent an emerging source of impact alpha
Impact Alpha — Emerging Impact Fund Managers Tap 'Community Rounds' to Overcome Fundraising Barriers
Impact Engine — The Vital Role Growth Equity Impact Investors Play and the Case to Back Them
Independent Sector — Why Diversity, Equity, and Inclusion Matter
Insight Center for Community Economic Development — Still Running Up the Down Escalator: How Narratives Shape Our Understanding of Racial Wealth Inequality
Intentional Endowments Network — Investing in Racial Equity: A Primer for College & University Endowments
Intentional Endowments Network — Leading with Justice: Net Zero Investing & Conversations on Climate Justice
Jason Allen — Investment 2050-The Diverse Founder Opportunity
Kauffman Foundation — Black and brown communities are determining their own futures. Gatekeepers need not apply
Knight Foundation — Diversifying Investment: A study of Ownership Diversity and Performance in The Asset Management Industry
Majority Action — Equity in the Boardroom: How Asset Manager Voting Shaped Corporate Action on Racial Justice in 2020
MarketWatch — Opinion: Yes, women of color are underfunded. Yes, it’s bad for the economy. Now it’s time to do something about it.
Massachusetts Lawyers Weekly — Christina M. Licursi: Creating a diverse, equitable and inclusive lawfirm: one firm’s reckoning post-pandemic
McKinsey & Co. — Diversity Wins: How Inclusion Matters
McKinsey & Co. — Why Diversity Matters
Milken Institute — The Path to Inclusive Capitalism: An Asset Owner Guide for Investment Portfolios
Mission Investors Exchange — 2022 National Conference Resources
Morgan Stanley — The Trillion Dollar Blind Spot
Morgan Stanley — Racial Equity Investing
Morgan Stanley — The Growing Market Investors Are Missing
My Climate Journey — Kerry Bowie, Browning the Green Space
National Association of Investment Companies — Examining the Results, The Financial Returns of Diverse Private Equity Firms
National Association of Investment Companies — Managers in the Market Report, October 2022
New Financial — Diversity from an Investor’s Perspective: Why and how the most forward-looking asset owners are addressing diversity and inclusion
New York Times — The Real Reason the American Economy Boomed After World War II
Nia Impact Capital — An Investors' Guide to Investing for Racial Equity
Nia Impact Capital — What Is Your Retirement Account Funding?
Nonprofit Quarterly — Radical Economics: Centering Indigenous Knowledge, Restoring the Circle
Pitchbook — All In: Female Founders and VCs in the US Ecosystem
Pitchbook — An exceptional year for female founders still means a sliver of VC funding
Pitchbook — The US VC Female Founders Dashboard
POCIT — George Floyd's Murder Sparked A Wave of Promised from Big Tech: Was it Just Performative?
Project Diane — projectdiane.com
Realize Impact — "BTW, You Can Use A DAF to Invest"
Rockefeller Philanthropy Advisors — Impact Investing Handbook
Senator Bob Menendez — letter to Federal Retirement Thrift Investment Board
Sorenson Impact Center — Project DEEP
SSIR — How Foundations Fail Diverse Fund Managers And How to Fix It
SSIR — Four Strategies for Large Systems Change
Stanford SPARQ — Racial Disparities in Investing Are More than A Pipeline Problem
Startupill — Top 25 Silicon Valley VCs Least Likely to Invest in Founders of Color
Sweef Capital — Climate Action & Gender Equality: Twin Goals for a More Resilient & Equitable Future
Black Women Talk Tech — The New Face of a Founder: Uncovering BLACK WOMEN As the Next Billion Dollar Founders
TBLI — Gender-Smart Impact Investing /w Christina Lee & Julianne Zimmermann
TechCrunch — Investors Are Still Failing to Back Founders from Diverse Backgrounds
The Guardian — Spreading the wealth: Black-owned investment firms tackle the racial finance gap
The Wise Fund — Global Black Funding Principles
Transform Finance — Addressing Capital’s Effect on Racial Justice
Upsurge Baltimore — A Perspective on Baltimore's Startup Ecosystem in 2022
U.S. Securities and Exchange Commission Asset Management Advisory Committee — Report and Recommendations on Diversity and Inclusion in the Asset Management Industry
U.S. House Committee on Financial Services — Combatting Tech Bro Culture: Understanding Obstacles to Investment in Diversity-Owned Fintechs
Washington Post — California Calls for "Comprehensive Reparations" for Black Americans
Zebras Unite — Dystopia or Dazzle: The Choice Is Ours
Whether you are an institutional investor, fund manager, angel, founder, or retail investor, find your tribe. Here are just a few:
Capital Collaborative by Camelback Ventures
Chloe Capital; Chloe + NYSTAR Impact Investing Course
Indigenous Innovation Initiative
Intentional Endowments Network
Latino Business Action Network
Social Venture Circle / Total Impact
UNPRI Principles for Investors in Inclusive Finance
Join us! See our Field Note, Top 5 Reasons, and Infographic
Or join one or more of the numerous other groups investing for social / racial / gender equity. Here is a very partial and unscientific sampling to get you started:
[important disclaimer: nothing on this website — this page included — is intended to serve as, or may be construed to constitute financial or legal advice of any kind.]
