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Jun 25, 2020 · 19m · how-i-built-this

How I Built Resilience: Live with Deval Patrick

Deval Patrick · 13m spoken Guy Raz · 4m spoken
0:00 / 0:00

gold bands on the timeline = statements, start to end. Hover to read, click to jump. CC turns on captions

In this Resilience Edition of How I Built This, former Massachusetts Governor Deval Patrick joins Guy Raz to examine systemic racism, advocate for equity-focused impact investing, and outline concrete policy reforms needed to transform public safety and economic opportunity.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Guy holds 25.7% of the talking time here. How this is scored →

Guy as informed peer 2.0 Guest teaching 2.5 Guest disagreement 0.8 Guy pushing back 0.3
05100:0010:000:00–6:20 · Guy as informed peer 2/10 Deval Patrick on Personal Experiences of Racism and Systemic Injustice Raz opens the interview with deep preparation, quoting directly from Patrick's recent essay on everyday racism. Patrick reflects candidly on suppressing indignities, including an incident where he was pulled over by state police while serving as governor. The dynamic is respectful and exploratory with no conflict.6:21–10:03 · Guy as informed peer 2/10 Corporate America's Role and Meaningful Action in Impact Investing Raz asks whether corporate commitments to racial justice are genuine or merely an illusion. Patrick provides a balanced perspective, drawing on his leadership in impact investing at Bain Capital to explain how corporate statements must transition into tangible equity deployment.10:03–15:03 · Guy as informed peer 2/10 Mid-Episode Break and Audience Q&A Transition Raz poses an audience question regarding immediate policy actions for elected officials. Patrick gently pushes back against expecting quick fixes, reframing the defund-the-police conversation around rebuilding long-term community social services and mental healthcare.15:04–19:09 · Guy as informed peer 2/10 Revitalizing Black Entrepreneurship and Expanding Equity Capital Raz facilitates discussions on Black entrepreneurship, historical inspirations like Churchill and Lincoln, and the durability of the protest movement. Patrick underscores the critical difference between working capital debt and equity partnership for building generational wealth.0:00–6:20 · Guest teaching 3/10 Deval Patrick on Personal Experiences of Racism and Systemic Injustice Raz opens the interview with deep preparation, quoting directly from Patrick's recent essay on everyday racism. Patrick reflects candidly on suppressing indignities, including an incident where he was pulled over by state police while serving as governor. The dynamic is respectful and exploratory with no conflict.6:21–10:03 · Guest teaching 2/10 Corporate America's Role and Meaningful Action in Impact Investing Raz asks whether corporate commitments to racial justice are genuine or merely an illusion. Patrick provides a balanced perspective, drawing on his leadership in impact investing at Bain Capital to explain how corporate statements must transition into tangible equity deployment.10:03–15:03 · Guest teaching 3/10 Mid-Episode Break and Audience Q&A Transition Raz poses an audience question regarding immediate policy actions for elected officials. Patrick gently pushes back against expecting quick fixes, reframing the defund-the-police conversation around rebuilding long-term community social services and mental healthcare.15:04–19:09 · Guest teaching 2/10 Revitalizing Black Entrepreneurship and Expanding Equity Capital Raz facilitates discussions on Black entrepreneurship, historical inspirations like Churchill and Lincoln, and the durability of the protest movement. Patrick underscores the critical difference between working capital debt and equity partnership for building generational wealth.0:00–6:20 · Guest disagreement 1/10 Deval Patrick on Personal Experiences of Racism and Systemic Injustice Raz opens the interview with deep preparation, quoting directly from Patrick's recent essay on everyday racism. Patrick reflects candidly on suppressing indignities, including an incident where he was pulled over by state police while serving as governor. The dynamic is respectful and exploratory with no conflict.6:21–10:03 · Guest disagreement 1/10 Corporate America's Role and Meaningful Action in Impact Investing Raz asks whether corporate commitments to racial justice are genuine or merely an illusion. Patrick provides a balanced perspective, drawing on his leadership in impact investing at Bain Capital to explain how corporate statements must transition into tangible equity deployment.10:03–15:03 · Guest disagreement 1/10 Mid-Episode Break and Audience Q&A Transition Raz poses an audience question regarding immediate policy actions for elected officials. Patrick gently pushes back against expecting quick fixes, reframing the defund-the-police conversation around rebuilding long-term community social services and mental healthcare.15:04–19:09 · Guest disagreement 0/10 Revitalizing Black Entrepreneurship and Expanding Equity Capital Raz facilitates discussions on Black entrepreneurship, historical inspirations like Churchill and Lincoln, and the durability of the protest movement. Patrick underscores the critical difference between working capital debt and equity partnership for building generational wealth.0:00–6:20 · Guy pushing back 0/10 Deval Patrick on Personal Experiences of Racism and Systemic Injustice Raz opens the interview with deep preparation, quoting directly from Patrick's recent essay on everyday racism. Patrick reflects candidly on suppressing indignities, including an incident where he was pulled over by state police while serving as governor. The dynamic is respectful and exploratory with no conflict.6:21–10:03 · Guy pushing back 1/10 Corporate America's Role and Meaningful Action in Impact Investing Raz asks whether corporate commitments to racial justice are genuine or merely an illusion. Patrick provides a balanced perspective, drawing on his leadership in impact investing at Bain Capital to explain how corporate statements must transition into tangible equity deployment.10:03–15:03 · Guy pushing back 0/10 Mid-Episode Break and Audience Q&A Transition Raz poses an audience question regarding immediate policy actions for elected officials. Patrick gently pushes back against expecting quick fixes, reframing the defund-the-police conversation around rebuilding long-term community social services and mental healthcare.15:04–19:09 · Guy pushing back 0/10 Revitalizing Black Entrepreneurship and Expanding Equity Capital Raz facilitates discussions on Black entrepreneurship, historical inspirations like Churchill and Lincoln, and the durability of the protest movement. Patrick underscores the critical difference between working capital debt and equity partnership for building generational wealth.

speaking balance: gold is Guy, purple is the guest (3 minute bins)

0:00 · Guy 48.1% · guest 51.9%0:00 · Guy 48.1% · guest 51.9%3:00 · Guy 16.2% · guest 83.8%3:00 · Guy 16.2% · guest 83.8%6:00 · Guy 15% · guest 85%6:00 · Guy 15% · guest 85%9:00 · Guy 33.5% · guest 66.5%9:00 · Guy 33.5% · guest 66.5%12:00 · Guy 4.1% · guest 95.9%12:00 · Guy 4.1% · guest 95.9%15:00 · Guy 25% · guest 75%15:00 · Guy 25% · guest 75%18:00 · Guy 46% · guest 54%18:00 · Guy 46% · guest 54%
Sharpest disagreement ▶ 11:03 Rejecting the premise of immediate policy fixes

Patrick firmly pushes back on the premise of the audience question, arguing that systemic issues caused by decades of bad policy cannot be solved with quick-fix solutions.

 Hardest push from Guy ▶ 6:35 Questioning corporate authenticity

Raz challenges corporate rhetoric directly, pressing Patrick on whether Fortune 500 statements on racial justice are authentic or merely an illusion.

 Biggest teaching moment ▶ 3:30 Educating on the daily indignities of systemic racism

Patrick shares the powerful revelation that even as governor he was profiled by his own state troopers, explaining the psychological coping mechanism of burying such indignities.

 Guy holds their own ▶ 0:25 Raz cites specific passages from Patrick's writing

Raz showcases strong preparation by weaving specific quotes from Patrick's Medium article and memoir into a thoughtful opening prompt.
the scores for every segment, with the reasoning behind each
ChapterTopicGuy as informed peerGuest teachingGuest disagreementGuy pushing backWhy
Deval Patrick on Personal Experiences of Racism and Systemic Injustice 2310 Raz opens the interview with deep preparation, quoting directly from Patrick's recent essay on everyday racism. Patrick reflects candidly on suppressing indignities, including an incident where he was pulled over by state police while serving as governor. The dynamic is respectful and exploratory with no conflict.
Corporate America's Role and Meaningful Action in Impact Investing 2211 Raz asks whether corporate commitments to racial justice are genuine or merely an illusion. Patrick provides a balanced perspective, drawing on his leadership in impact investing at Bain Capital to explain how corporate statements must transition into tangible equity deployment.
Mid-Episode Break and Audience Q&A Transition 2310 Raz poses an audience question regarding immediate policy actions for elected officials. Patrick gently pushes back against expecting quick fixes, reframing the defund-the-police conversation around rebuilding long-term community social services and mental healthcare.
Revitalizing Black Entrepreneurship and Expanding Equity Capital 2200 Raz facilitates discussions on Black entrepreneurship, historical inspirations like Churchill and Lincoln, and the durability of the protest movement. Patrick underscores the critical difference between working capital debt and equity partnership for building generational wealth.

Statements from this episode (5)

Assertion Not checkable as stated
Police Pulled Over Deval Patrick's Official Car While He Was Governor
“In the early days of being governor, maybe in the early months of being governor, I was in the front seat of a black sedan official car in the passenger seat being driven by a black state trooper in plain clothes, and we were pulled over by a marked state troo…”
Deval Patrick Jun 25, 2020 ▶ 3:10
Opinion
Patrick: Businesses can take moral stances without hurting commercial relationships
“But it seems to me, you know, we could move a lot more away from right and left And in the direction of right and wrong, and businesses could do that without jeopardizing their commercial relationships.”
Deval Patrick Jun 25, 2020 ▶ 8:15
Assertion Partly supported
Patrick: Bain Capital committed $100M to Black business development in Boston
“It talked about taking the firm's resources and expertise, I think it was a hundred million dollars, and investing it alongside coaching in black business development and entrepreneurial growth in the greater Boston area.”
Deval Patrick Jun 25, 2020 ▶ 9:46
Insight
Discussions Of Capital For Black Founders Often Exclude Equity Investments
“Usually, at least in my experience, Guy, when this conversation comes up, we get to access to capital, and the conversation is really about working capital, about loans, and not about equity.”
Deval Patrick Jun 25, 2020 ▶ 15:40
Disclosure
Black Founders Frequently Showed Unease Toward Equity Partners At Bain
“And I will tell you, even in my fun, when we were looking to invest alongside black entrepreneurs, there was unease, sometimes an unfamiliarity often with the idea of having an equity partner come in and work alongside you.”
Deval Patrick Jun 25, 2020 ▶ 15:58
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