We are designing and developing a sustainable, data-driven system that will be used to describe, explain, and accelerate the reach and effect of first-mover capital investments (FMCIs) for minority-led start-ups and the impacts of these investments on subsequent venture investment. These FMCIs, including family offices, smaller foundations, government grants, other seed investments, and angel investors, play a critical role in the minority entrepreneurial ecosystem, but their roles and impacts have been largely unexplored and have not been leveraged effectively. We propose to change this situation in a collaboration with several practitioner and academic partners.
Through a systemic research around this first-mover capital audience, we will:
- identify engagement models
- compare data and insights across different geographical regions
- identify data gaps, and
- pinpoint future opportunities for research and levers for change
We expect our findings to drive greater awareness, and stimulate investment in, minority founders. Our learning goal is to have identified needs, data, resources, and interventions that can be used to better define critical elements for intervention within this complexity and address the wicked problem of inequitable flow of capital to minority entrepreneurs in the private market.
Duration: 2021 - 2025
Partners: NASDAQ Entrepreneurial Center, Heartland Forward, Penn State Evidence-to-Impact Collaborative, Camelback Ventures, Capital Enterprise UK, Carnegie Mellon University, Extend Ventures/London School of Economics, Houghton Street Ventures, Institute for Entrepreneurial Leadership, Parentpreneur Foundation, Stanford University
Project Funder(s)
Project Focus Area(s)
Developmental Period(s)
We are designing and developing a sustainable, data-driven system that will be used to describe, explain, and accelerate the reach and effect of first-mover capital investments (FMCIs) for minority-led start-ups and the impacts of these investments on subsequent venture investment. These FMCIs, including family offices, smaller foundations, government grants, other seed investments, and angel investors, play a critical role in the minority entrepreneurial ecosystem, but their roles and impacts have been largely unexplored and have not been leveraged effectively. We propose to change this situation in a collaboration with several practitioner and academic partners.
Through a systemic research around this first-mover capital audience, we will:
- identify engagement models
- compare data and insights across different geographical regions
- identify data gaps, and
- pinpoint future opportunities for research and levers for change
We expect our findings to drive greater awareness, and stimulate investment in, minority founders. Our learning goal is to have identified needs, data, resources, and interventions that can be used to better define critical elements for intervention within this complexity and address the wicked problem of inequitable flow of capital to minority entrepreneurs in the private market.
Project Funder(s)
Project Focus Area(s)
Developmental Period(s)
Partners
NASDAQ Entrepreneurial Center, Heartland Forward, Penn State Evidence-to-Impact Collaborative, Camelback Ventures, Capital Enterprise UK, Carnegie Mellon University, Extend Ventures/London School of Economics, Houghton Street Ventures, Institute for Entrepreneurial Leadership, Parentpreneur Foundation, Stanford University
Duration
2021 - 2025
Project Team
Meg Small (PI)
Director for Social Impact
Max Crowley (Co-PI)
PRC Director
Michael W. Donovan (Co-PI)
Director of International Partnerships
Taylor Bishop Scott
Director, Research Translation Platform
Yoon Sun Hur
Assistant Research Professor
Alex Winters
Systems Design Specialist
Gillian Sommerville
Research Project Manager, Evidence-to-Impact Collaborative
Jessica Wolfe Connor
Director of Research Operations
Project Team
Meg Small (PI)
Director for Social Impact
Max Crowley (Co-PI)
PRC Director
Michael W. Donovan (Co-PI)
Director of International Partnerships
Taylor Bishop Scott
Director, Research Translation Platform
Yoon Sun Hur
Assistant Research Professor
Alex Winters
Systems Design Specialist
Gillian Sommerville
Research Project Manager, Evidence-to-Impact Collaborative
Jessica Wolfe Connor
Director of Research Operations
