The Ledger
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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.”
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.”
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…”
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.”
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.”