Keisha Cash, founding partner of Impact America Fund, argues that traditional investors targeting underserved American communities lack lived experience and demographic representation in those markets.
“Typically the people who have been investing in those communities don't look like the people in those communities.”
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More from Keisha Cash
Opinion
Billion-dollar market opportunities exist in underserved communities
“We believe that there are billion dollar market opportunities in underserved communities.”
Keisha CashJan 2, 2019▶ 7:55a16z Podcast | Investing in Communities
Disclosure
Impact America Fund portfolio founders do not attend impact investing conferences
“They're not in our impact investment networks. They're not at the impact investing conferences. The entrepreneurs that we've invested in understood a pain point based on their own experiences, and we're building great, solid companies around that pain point, a…”
Keisha CashJan 2, 2019▶ 20:11a16z Podcast | Investing in Communities
AssertionNot checkable as stated
90% of entrepreneurs of color build solutions for underserved community pain points
“Nine times out of 10, if I met an entrepreneur of color, they were addressing a pain point in an underserved community”
Keisha CashJan 2, 2019▶ 22:59a16z Podcast | Investing in Communities
AssertionPartly supported
Over 91% of impact investing capital goes to later-stage companies
“Over 91% of that capital was invested into later stage companies.”
Keisha CashJan 2, 2019▶ 2:06a16z Podcast | Investing in Communities
What-if
Madam C.J. Walker's business model would qualify as impact investing today
“If Madam C.J. Walker was an entrepreneur today starting her business, for us, that would be an impact investment given that she's empowering these women, she's created this national network, She's providing them an opportunity to generate income.”
Keisha CashJan 2, 2019▶ 12:03a16z Podcast | Investing in Communities
AssertionSupported
The average hairstylist in the United States earns $24,000 per year
“And so, for a hairstylist who, on average in America, makes 24,000 dollars a year, and oftentimes are working additional jobs to support their family”
Keisha CashJan 2, 2019▶ 15:27a16z Podcast | Investing in Communities
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