The wealth gap between white and black communities is astounding because of systemic racism and the resulting obstacle for building equity and wealth. This is part 2 of Karen Rands' 2 part series that attempts to tell the economic and poverty/prosperity story of African-Americans in a limited time frame. This episode addresses the 10X prosperity gap, as reported by the Brookings Institute [ https://www.brookings.edu/blog/up-front/2020/02/27/examining-the-black-white-wealth-gap/ ] (AVG Black Household net worth is just $17,150 in 2016, while the average white household is $171,000) and suggests causes for that vast divide that have compounded over time and builds upon the research and insights provided in Episode 1. Here, Karen discusses the cycles of prosperity for Blacks in a segregated America, often followed by violence and out right biased legislative and financial practices intended to help enrich White Lives while prohibiting Blacks from participating in those same economic and educational opportunities. Karen touches on the challenges with public education, higher education, societal beliefs that infect the black identity in America and the historic lack of capital due to Red-Line policies and systemic racism in the capital markets. which even found itself manifested in the disbursement of COVID19 CARE funds for small businesses. Karen focuses on education, entrepreneurism, access to capital and provides a strong call to action for successful black business owners, corporations, investors, VCs and Family Offices to be proactive in identify black empowerment and black entrepreneur programs and initiatives to engage the black community that has for so long, intentionally and unintentionally, been excluded from the prosperity that comes from entrepreneurism and the investment in entrepreneurs.

Karen acknowledges to the viewer and listener (Companion Podcast edited for sound gaps: https://www.blogtalkradio.com/karen-rands/2020/06/23/compassionate-capitalist-the-black-lives-prosperity-past-present-future-pt2) that this is one white women's perspective based on decades of learning about the black american experience, and that recognizes her privilege and is using it to educate members of her audience that have not had the same insight or sought the same understanding.

Please note that Karen's use of the phrase "black and brown community" in the video is not intended to imply Hispanic and LatinX have had the same experience as African-Americans, it is used as general term more reflective of skin tone than nationality. If listeners in the Black Community take offense to that, she asks for you to not misinterpret the intention. Additionally, Karen realized after the recording that Morris Brown College did not shut down, they reorganized and is operating in Atlanta as an unaccredited Historical Black College & University (HBCU).
The audio recording has been modified to correct those.

We hope you appreciate the purpose and the passion of this video podcast.

Referenced Materials:
Top 100 Black Owned Business: https://www.blackenterprise.com/be100s/
Black VC and Angel funds https://baucemag.com/list-of-black-investors-and-vc-firms/
Founders Institute Listing of Black Entrepreneur, Incubator, Accelerator, and Capital ecosystem: http://bit.ly/black_canvas

Videos of the Black Communities that thrived under segregation until they were snuffed out by white supremists or the Government Policy: https://www.youtube.com/watch?v=hjCN2Xu4aZ8

Karen Rands, the leader of the Compassionate Capitalist Movement and author of the Best Seller, Inside Secrets to Angel Investing, is an authority on creating wealth through investing and building successful businesses that can scale and exit rich. Visit http://KarenRands.co to learn why Investors hire her firm to identify the red flags of deal before you invest or try to raise capital, and entrepreneurs trust her to advise and manage on their capital campaign.

To learn more about the programs and services that Karen and her team offer to entrepreneurs and investors, visit http://karenrands.co

Get free ebook when you subscribe to video tips at http://bit.ly/Get12SecretsEbook
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#crowdfunding #investingforbeginners This education is a pathway for Women and POC to jump the #weathgap.

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