Tag: Directs

Insider Q&A: Accenture directs capital to Black start-ups | AP Business News

In an interview with The Associated Press, Ross discussed the inspiration behind the Black Founders Development Program. The conversation has been edited for length and clarity.

Q: You’ve said one of the reasons why Black-owned companies receive so little venture capital is that deals are often based on who you know. Can you elaborate?

A: I use an analogy that I got from one of my mentors, an ex alumni of Accenture. One of the things he told us is that corporate America runs by kindergarten rules. You’re out on the playground and you have two teams, and the teacher picks the leader. Who gets chosen first? The first person chosen is generally your friend … That’s the heart of networking. If you are a Black entrepreneur, and you are not in that ecosystem — whether it’s the companies you’ve worked in, the schools you went to — that level

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Insider Q&A: Accenture directs capital to Black start-ups | National News

NEW YORK (AP) —

Kathryn Ross was one of just two Black women in Accenture’s Miami office when she first joined the global consulting firm nearly 27 years ago. Now a managing partner, Ross was tapped in December to create the inclusion and diversity agenda for Accenture’s venture capital investment arm.

Five months later, the police killing of George Floyd convulsed the country. The coronavirus pandemic was taking a disproportionate toll on Black-owned small businesses, which have been twice as likely to close during the pandemic as businesses overall, according to the Federal Reserve Bank of New York. The economic crisis widened the unemployment gap between Black and white Americans.

It was a galvanizing time for Ross, the mother of two boys aged 11 and 13. Rather than simply setting diversity goals, she resolved to create an initiative to bring venture capital to Black-owned businesses, which only receive about 1%

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Insider Q&A: Accenture directs capital to Black start-ups

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This photo provided by Burson Cohn & Wolfe shows Kathryn Ross. Ross was one of just two Black women in Accenture’s Miami office when she joined the global consulting firm nearly 27 years ago. Ross is now a managing partner and is heading a new initiative to help bring venture capital to Black-owned start-ups.

AP

Kathryn Ross was one of just two Black women in Accenture’s Miami office when she first joined the global consulting firm nearly 27 years ago. Now a managing partner, Ross was tapped in December to create the inclusion and diversity agenda for Accenture’s venture capital investment arm.

Five months later, the police killing of George Floyd convulsed the country. The coronavirus pandemic was taking a disproportionate toll on Black-owned small businesses, which have been twice as likely to close during the pandemic as businesses overall, according to the Federal Reserve

Read More

Insider Q&A: Accenture Directs Capital to Black Start-Ups | Florida News

By ALEXANDRA OLSON, AP Business Writer

Kathryn Ross was one of just two Black women in Accenture’s Miami office when she first joined the global consulting firm nearly 27 years ago. Now a managing partner, Ross was tapped in December to create the inclusion and diversity agenda for Accenture’s venture capital investment arm.

Five months later, the police killing of George Floyd convulsed the country. The coronavirus pandemic was taking a disproportionate toll on Black-owned small businesses, which have been twice as likely to close during the pandemic as businesses overall, according to the Federal Reserve Bank of New York. The economic crisis widened the unemployment gap between Black and white Americans.

It was a galvanizing time for Ross, the mother of two boys aged 11 and 13. Rather than simply setting diversity goals, she resolved to create an initiative to bring venture capital to Black-owned businesses, which only receive

Read More