We need to understand that a successful minority-owned business is the
exception, not the norm. We need to understand that not all founders are created
equal, and minorities — especially women — face more scrutiny as entrepreneurs
than others. We need to encourage minorities to start their own businesses while
we support their efforts through investment, mentorship and networks. We need to
change the actual system.
There are grave imbalances that dictate failure for minority-owned
businesses. Finding solutions is a formidable call to action, I know, but it’s
one that is critical to the new Americandream.
Every statistic on the subject of entrepreneurship says that I am likely to
fail on the secondAmerican dream. This is because as a woman of color, my
ability to secure funding is severely hindered by the startup system.
While I was working in finance and IT, I lived in Harlem for a few years and
engaged in the community as a volunteer teacher. My time there contrasted with
my childhood, during which I was fortunate to always have access to good food. I
saw that a household lack of quality food has far-reaching effects, and I wanted
to do something to make the situation better formy neighbors. I started with
small solutions, like petitioning for a community garden.
When my efforts failed to make any meaningful change, I thought about another
approach. I knew I had the potential to head a successful company. So, I took a
huge risk and quit my job to start Re-Nuble, which is a startup aiming to
disrupt the food system and bring more affordable organic produce to everyone.
Thus I started on the second American dream — start your own business.