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Black and Latinx Entrepreneur Cohort.
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Ernst & Young LLP just announced their inaugural cohort for Black and Latinx entrepreneurs, the Entrepreneurs Access Network (EAN). According to PR Newswire, the comprehensive, business accelerator — which operates as an executive-level educational program to elevate scalable companies — will include entrepreneurs in 10 markets across the U.S. giving companies access to resources, networks, and mentors. “Deep-rooted systemic challenges hinder many minority-owned businesses from achieving their full potential, an issue that was exacerbated this year,” said EY Americas Vice Chair of Accounts, Sam Johnson, in a press release. “Through EAN, our goal is to provide Black and Latinx founders with the necessary support to sustainably scale their businesses and drive economic growth. Without equitable access, the future of many Black and Latinx-owned businesses — and millions of jobs — hangs in the balance.” According to the press release, only 1 percent of venture capital dollars go to...
Goldman Sachs (GS) is putting their money where diversity is. Through Launch With GS, the investment banking giant’s $500 million investment initiative, the firm has announced its first Black and Latinx Entrepreneur Cohort in a press release . GS will offer a select group of startup founders, CEOs, and innovators the opportunity to be a part of their first entrepreneur cohort. Goldman Sachs firmly believes that diverse teams outperform less inclusively led companies. As a result, recipients will participate in a customized, eight-week experience that gives future-thinking minds intimate access to business development services, industry specialists, legal resources, and ultimately, the sprawling, influential network within the walls of Goldman Sachs. Launch With GS aims to increase access to capital and facilitate connections for women, Black, Latinx, and other diverse entrepreneurs and investors. “Black and Latinx founders collectively receive less than 1% of venture funding,” said...