Dollars For Diversity

Are you a minority? Have we got some venture capital for you.
Magazine Contributor
2 min read

This story appears in the August 2000 issue of Entrepreneur. Subscribe »

Access to growth capital is a perennial stumbling block for entrepreneurs, but if you're also a minority, the issue often becomes acute. Two new initiatives seek to remedy the problem.

Show Me the Money Diversity Conference, launched in March in , goes to , DC, September 12 to 14 and possibly on to in early December. It's expected to become an annual event.

Sponsored by The KIP Report newspaper and various co-sponsors, the conference features presentations from minority CEOs as well as panels on topics such as deal-making and IPOs, both direct public offerings or private placements. There is also a "deal room" where pre-screened entrepreneurs can make 20-minute presentations to angel and venture investors as well as some traditional lenders.

The second initiative is a venture capital fund that is part of an alliance between the United States Hispanic Chamber of Commerce and BankOne. Along with BankOne's $10 million commitment, the fund has garnered another $140 million in soft commitments. It plans to invest in Latino firms nationwide, and organizers project they'll be ready to begin accepting proposals by the first quarter of 2001.

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