In a space long dominated by white men, these brothers are carving out a niche that champions investing in businesses owned by women and people of color. That latest deal came on the heels of Forbes selecting the team for its coveted 30 Under 30 social entrepreneur class of HCP is on a mission to level the investment playing field for entrepreneurs of color and women business owners.
The partners plan to invest in 1, diverse company founders over the next two decades through its early-stage venture capital investments. Investment firms employ mostly white men and invest almost exclusively in companies owned by white men. Henry, 26, pulled out a research paper that laid out the well-documented challenges. Venture capital firms, which invest in startup companies and small businesses that have growth potential, raise billions of dollars each year. However, as one study found, 2.
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The data suggests an unconscious bias. We think that they are investing in who they came up with. Henry and Brandon Bryant, the fourth co-founder, joined Tingle and Pierre-Jacques, 27, in putting their own cash into a relatively small fund to launch HCP. Bryant, 29, brought his expertise to the partnership as an investment banking analyst at Bank of America Merrill Lynch.
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They both graduated in May with honors. Henry said the partners were at first investing in a variety of startups—mainly small businesses like cafes. But as they moved around in VC circles, it struck the partners that most of the startups business owners getting funded and investors were white men. That led them to commit to investing in diverse company founders and to promote diversity. The timing was right, Henry said.
Several recent reports underscore the financial benefit of diverse leadership to corporate bottom lines. People were asking us to sit on panels. HCP is also changing the face of business investing by promoting diversity at investment companies.
Diverse companies hire diverse employees. When startups are bought, we all make money founders, investors, and employees with stock options. Fatal car crash into Delaware canal.
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Final day of record heat for much of the southeast. Jobs report: Unemployment at year low. Police arrested Shaquille Dukes, 24, of misdemeanor disorderly conduct after a security guard called them, saying that Dukes was trying to steal medical equipment.
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The Freeport Police Department confirmed Sunday in a statement that Dukes filed a complaint "alleging unfair and biased conduct by responding officers. Dukes wrote on Facebook that he was on vacation in Freeport, about miles west of Chicago, when he came down with double pneumonia and went to the hospital. On the morning of the second day, June 9, he said he was feeling better and asked doctors if he could go for a walk.
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He went outside with his boyfriend and his brother, still wearing his hospital gown and pushing a steroid and antibiotic IV drip. As they went outside, Dukes said a security guard called them over to his car and asked if they were trying to "leave the hospital and sell the IV equipment on eBay. Can I help you? That's when the security guard called for police backup, Dukes told CNN.
He said the guard told police, "I have three black males attempting to steal medical equipment from the hospital.