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(light music)

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<v ->I'd like to start by discussing your role</v>

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as the president of the Capital One Insights Center.

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What's the mission of the center?

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<v ->I think it's an interesting way that Capital One</v>

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has expanded its philanthropic contribution.

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It's born out of a recognition that the things

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that we can provide to advance change in communities.

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Yes, we have grants.

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We have community investments,

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but also research could be that kind of investment

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that also can equip change makers

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in communities with the kind of resources

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they need to drive change in those communities.

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<v ->When you reached out to us,</v>

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you had this question around,

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How do we think about the relationship

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between wealth generation and entrepreneurship?

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And does business beget wealth,

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or does wealth beget business? was our big question

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that we were trying to explore.

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<v ->If you go all the years back</v>

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from the start of American entrepreneurship,

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the idea that starting a business

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is wealth returning is gospel.

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I mean, you know what I mean?

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And so to be able to ask a research question

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about that to say,

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we're gonna invest money into answering a question

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that everybody thinks they know the answer to,

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but might be wrong.

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I knew that you and your team knew that landscape,

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knew the research better

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than anybody else out in the field.

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We had to all step back and go,

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"We're missing a big critical piece of evidence here

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that links small business ownership to wealth creation."

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I felt like there was a lot at stake

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for even doing that kind of exploration

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and being willing to do it so publicly and know

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that we were gonna publish whatever came out.

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It meant we went in it with like really trying

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to make sure we were precise in what we were doing,

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getting the right instrument.

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And your team was excellent

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in all of those things, so it was great.

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<v ->Why did you all find it was important to focus</v>

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on Black and Hispanic entrepreneurs specifically

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in this research?

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<v ->We study the things that are limitations</v>

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for Black and Hispanic entrepreneurs.

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Those who we know have been least able

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to participate in these systems,

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then we can really understand the challenges

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in the systems, which opens up

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that opportunity for anyone to thrive.

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So our intent there is to create opportunity for all,

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and we wanna study those

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who have been most disadvantaged as the way

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to find what the real solution could be.

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<v ->What gives you hope</v>

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that we can build a more inclusive economy?

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<v ->I think people are starting</v>

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to become much more aware of the distance

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that we have between different communities,

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and then really striving to find solutions to that.

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Having this kind of research,

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or particularly public-facing research

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of this nature creates an opportunity

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and enables other actors to be able

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to make a response that is inclusive

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of those research findings for them.

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And that includes others

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in the field who have philanthropy,

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also their products and services,

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and also through policy.

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So we are one actor in that,

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and then we use this as an opportunity

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to have others be part of that.

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I am not naive.

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I don't think it's going to happen overnight,

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but I feel like there's still enough commitment

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to be on that journey,

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even though it's gonna be a long one

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because we know what we have to do

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to just respect the humanity and the dignity

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of everyone who is a part of this country.