WEBVTT

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Patrice, welcome.

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Tell me more if you would, about
Inspire Access's work and mission.

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Sure.

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Thanks Georgie.

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Inspire Access is a platform
that allows individuals

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to leverage philanthropic capital

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and invest it in a for profit company,
led by a woman or person of color

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Well, we founded it based on two
important issues. Number one,

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Less than 3% of all investment
capital flows to women and

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minority leaders. Number two,

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there's $200 billion sitting in
donor advised funds in this

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country today.

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We realized if we can tap into
that $200 billion, we could

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finally start to close the
investment gap in this country.

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How does your investment model
work in addressing the root causes?

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Sure, the root causes really are
socioeconomic structures that

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stem from as early as the Jim
Crow laws to the Homestead Act,

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to the New Deal to the GI Bill.

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As recently as 1988,

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as a woman in this country, I
would have needed a man to

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cosign to get a corporate loan.

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So policy matters.

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Policy matters.

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But what?

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Let's focus on that 97% figure.

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Why does that matter?

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Why does it matter that only 3%
of funding goes towards

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underrepresented leaders?

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Sure, sure.

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Imagine that most great
companies and solutions come out

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of a lived experience.

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So right now we are funneling,
you know, 97% of our capital

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into one demographic and one
lived experience.

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As a as a woman, I have a
different experience than my

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white male counterpart.

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My Black women friends have
different lived experiences than

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I do.

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And we're solving things
differently and coming up with

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more creative solutions
in some cases.

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So we're funneling all of our
investment capital to one

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perspective and one
approach to solutions.

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So the idea that we start
funding the rest of the 75%

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creates a lot of promise.

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Patrice, thank you so much.

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Thank you, Georgie.