Startup Funding | Learn From Venture Capitalists, Angel Investors And Ceos Of Disruptive Companies

Alternative Startup Financing with Jessica Norwood

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Synopsis

Today on Startup Funding hosted by Dr. Roshawnna Novellus we have Jessica Norwood who is a fellow of Nathan Cummings Foundation and the founder of The Runway Project which uses entrepreneurship as a way to bridge the wealth gap for black-owned businesses. They do this by providing the early pre-seed capital and business support a.k.a friend and family money. Jessica who is based in Mobile, Alabama and grew up between politics and entrepreneurship, believes that the entrepreneurial spirit has always been a part of her. As a result of a childhood surrounded by politics, she saw several opportunities where black entrepreneurship could be strengthened, more than what was already being done. Having done some work with some major foundations on food investment in Alabama, Jessica saw how she could get more direct investments to support the entire eco-system surrounding black farmers from the production side to the consumption side. The problem Jessica saw was that investors cared more about later stage, growth type