How to Get Funding for Your Business, Qualities of Successful Entrepreneurs, and Building the Damn Thing with Kathryn Finney
She's So Lucky
She's So Lucky
4.8 • 2.8K Ratings
🗓️ 22 November 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Black women have been the fastest-growing group of entrepreneurs in the US for the past few years with 17% of us in the process of starting new businesses. But in 2020—a record-breaking year for venture capital investment—less than 100 Black women raised $1 million or more for their businesses, which is very small in the VC world.
In this episode, I’m joined by Kathryn Finney, Founder and Managing General Partner of Genius Guild, a $20 million venture fund that builds and invests in scalable companies led by diverse founders. She's also the founder of the Duni fund, the founder and former CEO of Digital Undivided, the mastermind of the widely acclaimed project Diane Research, the author of Build the Damn Thing, and a Yale-trained epidemiologist.
Together, we discuss the ins and outs of Venture Capital and business funding as well as Kathryn’s expertise as a successful entrepreneur and her favorite wellness practices.
We Also Talk About…
- Seeing entrepreneurship as a tool that lets you live a creative life
- Focusing on executing an idea, not just the idea itself
- How not to waste $30k on a business
- The importance of knowing yourself and having a solid foundation as a leader
- Not waiting for permission from the entitled
- The differences between startups, small businesses, and hobbies
Resources:
- Black women are the fastest growing group of entrepreneurs. But the job isn’t easy— JP Morgan
- Build The Damn Thing: How to Start a Successful Business if You're Not a Rich White Guy by Kathryn Finney
- Visit Kathryn’s Website
- Submit Your Pitch to the Genius Guild
- Listen to the Build the Damn Thing! Podcast
- Follow Kathryn on Instagram
- Connect with Kathryn on LinkedIn
Sponsor:
- Open | If you’re looking for a mindful meditation, breath work, and movement app I can’t recommend Open enough. They have a beautifully curated collection of guided meditation, breath work, and movement exercises to support you in your practice. Try Open for 30 Days free. Visit open-together.com/**BALANCED.**
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Transcript
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| 0:00.0 | On this show, I have talked at length about the importance of eating enough protein, but |
| 0:04.9 | sometimes eating protein throughout the day can be a challenge. |
| 0:08.8 | However, wonderful pistachios is one of the highest protein nuts and is the perfect |
| 0:14.4 | addition to your day. |
| 0:16.5 | Each one out serving has 6 grams of protein, over 10% of your daily value. |
| 0:21.7 | It's one of the highest protein nuts out there, but that's not all. |
| 0:26.9 | Pistachios are also known for their fiber and better for you unsaturated fats, which |
| 0:30.7 | we all need in our diet. |
| 0:34.0 | Wonderful pistachios come in a variety of flavors and sizes, perfect for enjoying with |
| 0:38.6 | your family and friends, or taking them with you on your summer adventures. |
| 0:43.1 | So whether you're dropping off the kids or running between meetings, fuel up with a healthy |
| 0:47.1 | and tasty snack. |
| 0:49.1 | Check out wonderfulpistachios.com to learn more about how these little green wonders can |
| 0:54.0 | power up your day. |
| 1:02.8 | Welcome back to Balance Black Girl. |
| 1:04.3 | I appreciate you joining me today. |
| 1:06.7 | So if you're new to listening to the podcast, we produce episodes in series. |
| 1:11.9 | That means that we will group episodes together, examining a central topic or theme. |
| 1:18.5 | And right now, we're talking about business, baby, discussing the entrepreneurial experience |
| 1:24.7 | from the perspectives of different black women. |
| 1:27.3 | Now, black women have been the fastest-growing group of entrepreneurs in the US for the |
| 1:31.3 | past few years, with 17% of us in the process of starting new businesses. |
... |
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