Pitching an Investor as a VC Firm | HUSTLE

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Why does race have to be the primary factor in investment decisions? Investors should concentrate more on the business itself, considering aspects such as the enterprise's prospect , innovation, profitability, creativity, and sustainability, etc. By focusing on businesses of a certain race in the first place, they are inadvertently perpetuating racism.

the only thing about their pitch was them wering suits...they didnt talk about roi's

I love how they all took turns making the presentation. 😊

I loved how prepared they came!

this just sounds like a PR stunt, not real business... first, you need to explain how disproportionally investing in "people of color" is going to make money. There is no real talk about money or ROI... this is just about feelings and being nice. I bet this guy didn't invest anything or if he did, he did the minimal amount just to claim the PR experience, or write off as a charity.

"We go with if the founders are non white males..." Tells you all you need to know folks. Don't invest based on race. Invest based on great products/ideas, finances, and founders/management team.

They came to a rich white man to spit in his face and accuse of him of racism then asking for free money

Gibbme money

Networking is a huge barrier for people that do not come from communities with resources. It isn't just minorities, but rural communities as well. In terms of VCs overlooking Woman and Minorities, that isn't the case today. Most VCs are doing whatever they can today to increase these investments. Many are greater than 50% vested in those categories. I am not sure when this was filmed, it may have been different.

Regardless, this was a great pitch by some solid guys. Thank you for filming and sharing!

what a joke

“We think about doing well and doing good at the same time”. Very subtle and concise what you said 😂

Isn’t this discrimination to leave out a particular sex and race? White males not qualifying for their investment

Love these guys

So... Let me get this right. They are trying to level the playing field and your best reply is talking about someone that is not in the lenders demographics and noting the fairness of that. Well ain't that hilarious!
Bank have long ignored non-white ideas, visions, dreams and hopes in self-employment, home ownership, car loans or even larger scaled business ventures (home flippers) etc..
So they can always go to a traditional lender and be heard where, calls go unanswered or reason "Why" they can not lend to a minority Start-Up without 20-40% of funds needed. So based upon basic math and logic. 4m ='s up to 1.6m on a venture.. Nuff said!
Ask a few non-white business owners and you'll hear similar stories of rejection.
As a matter of information sharing and written in a non-confrontational tone.

This pitch was a joke

Congrats! Main guy went to Harvard Business school good job boys!

Summary: racist VC

You’re no longer a minority if you’re successful. Case and point: Asian Americans.

I'm sad that you said latino and black founders but not asian. We are underrepresented too!

I have to say, right when they said they're investing in companies who need seed money, I was out

Fantastic!

This wasn't a strong pitch. The key point I got out of it was 'diversity' investing and not enough on 'ROI' and investment mandates. They need to back it up! 
But good job on getting VICE TV for that added layer of publicity (and might I say, social pressure).

“The Business doesn’t have to be impactful”…😐

Anti-white wow. Racists

Koodos to the VC guy, Ron Moelis for investing ahead of time into something that we see 2 years after that it is/was the right thing to do. Also congrats to John Henry for being a visionary and tackle this head on.

''bias'' aside, wouldn't you think those receiving funding maybe just... deserve it and that there is a correlation between skin tone / ethnic background and funding but not a causation?

Just the same way I saw testimony of how Austin helped a man make -$50,000 weekly Profit I tried now am also sharing my testimony with over,$10,000 from the company thanks for the good did he has done for me for this short period of time

I thought this was about 2k VC

UBER.
Out.

Such a cliche presentation

Talk about money!...nobody is going to invest in a business just because you are black but because you are going to make him make money!...keep that in mind

If you take down my POWER BILL to 1% then nobody will care about your background, let alone me.
INVESTING shud b more product & cutomer centric than ANYBODY else

Business wise, ok plan. For the rest, capitalism at his best: our only criteria is that you are a Latino and you have a product-market fit. If your company purpose is to exploit communities, we are a fine with that. That "we want to do good and do well" hides so much ideology behind it

Young? Tf u guys are talking about, theyre in their 20s

I absolutely commend this and wish the HCP team all the very best - more diversity in VC can only be a good thing. I would never seek to detract from what you are doing. However, speaking as VC-funded entrepreneur, you have two major weaknesses. The first is that none of your partners have ever started, run, scaled or sold a startup. You look, dress and think like bankers. It would be hard for me to feel that you have really been in the trenches and have empathy with me, so good luck expecting me to take your coaching (unless it's on fundraising) - especially as you're only targeting a 5-10% stake. If you can get someone on your team who is an entrepreneur with exits under his/her belt, that would make a big difference. The second weakness is that you don't like to invest at the true early-stage level. You want to see proven demand / traction etc. first - background wise, that's what you're used to dealing with. However, this is actually counter to your philosophy of helping minority founders to come up, because they will have to try their luck with the very white investors you are trying to diversify from - and that will constrain your deal flow.

Interesting that Vice portrayed John Henry as the lead guy in the group of young investors when he was in fact a Venture Partner and not Managing Partner..likely because John was more of a public figure than the others....wonder why John ultimately parted ways with Harlem Capital...always felt like he was more of an entrepreneur than a investor-type...entrepreneurs need the space to be creative and think big and boldy...maybe John realized he could do more by getting outside of the box

Good on Vice for highlighting this!

I thought this was a vey interesting and enjoyable movie and I would have liked it but I didn’t because I wasn’t amused by the racial/ minority play, I know that businesses with diverse founders may be less likely to find investors due to bias however that does not give a venture capitalist company the right to choose entrepreneurs based on their gender, heritage, or skin color. Frankly as a minority I was offended by this video and feel that it should be flagged for all the “reverse bias” for lack of better words because I know how it feels to be the victim.

this is funny , they wrapped up a minimum 6 month of negotiation in 6 min meeting . at least ask your ceo i am sure he know more about investing than who ever made this

Great pitch! Just a thing I would have improved is that when they read the percentages of women/blacks in funded business read out interesting stats on their performance. But overall I really think they are on the right track.

Go Woke, Go Broke

Entrepreneurship at its best!

this is so good, i want more. i'm in the uk, how do i watch it?

Education is so important. There’s so much lack of education, experience, and a lot of this is pandering to the process of accessing capital to look the part. Real businessmen don’t start a business by running debt or equity financing against their non existent P&L.

Stay in school guys.

The minute they said “diverse” is the leading qualification, it’s was a no from me. It shouldn’t matter about race, gender, sexual preference. Wouldn’t expect anything better from Vice of course.

It amazes me when you have ignoramuses get on here and express there stupidity by saying things like they are racists, or it’s too idealistic, or VCs don’t look at the color of your skin...these gentlemen see a gap, a hole that is underserved....and 99% of VCs are pretty much white males...who has no interest in investing in any businesses that is under a certain market cap. Especially black businesses since often times black businesses are seen as not profitable, too small, no growth potential, not experienced or destined to fail...something I have heard all too often from white investors of all levels. But that’s fine, time will tell...what is interesting though...is these same investors are willing to jump into emerging markets like Africa, site unseen, product untested, no experience, no proof of execution on said project and will dump billions in R&D and infrastructure just to have a controlling stake. That’s why there is racism when and race matters the most when it comes to money & investing.

So we have to ask why are these white investors so gung-ho on investing in Africa with Africans, but not with Black people in America on American soil the most developed nation in the world?

Impeccable

So strong 💪🏿