“It is important for those who seek social change to turn an eye toward funding entrepreneurship”: Interview with Impact Xs co-founder Paula Groves
Summary
Having gone to schools such as Harvard and Stanford, I knew first-hand that Black and women founders were also developing ground-breaking innovations that could not only change how our society operates but they also had ideas that could transform their respective communities that might not be readily apparent to mainstream investors and entrepreneurs. The list of founding members is comprised of an accomplished and ethnically diverse group of professionals with over 500 combined years of investment and management experience from organizations such as Credit Suisse First Boston, Microsoft, AEW, Xerox, ExxonMobile, American Express, Uber, BBC, HBO, Universal, Paramount, McKinsey and more. This group also includes a Sir, a Dame, US Presidential Appointees, CEOs, serial entrepreneurs, institutional investors, investment bankers and professors at various universities. But perhaps most importantly, I was inspired by the fact that this group, who had achieved such economic success and stature in Europe had taken it upon themselves to fix the fundamental problem of lack of access to capital for Black European entrepreneurs. One health tech company is led by a Black female neuroscientist who has designed an AI powered SaaS tool that streamlines the medical research process required to initiate clinical trials.