ETHNIC MINORITY ENTREPRENEURS AND VENTURE CAPITAL

Abstract

Access to equity capital is critical for business success, especially for young companies which lack the cash flows necessary for debt repayment. The creation and growth of such companies is a means to economic opportunity and wealth for ethnic-minority entrepreneurs. Unfortunately, the traditional venture capital industry is extremely limited in its investments.¹ It also is significantly less likely to invest in businesses owned by ethnic-minority entrepreneurs than those owned by white entrepreneurs (Bates & Bradford, 1992).²

Citation

Sass Rubin, J. (2003), "ETHNIC MINORITY ENTREPRENEURS AND VENTURE CAPITAL", Stiles, C.H. and Galbraith, C.S. (Ed.) Ethnic Entrepreneurship: Structure and Process (International Research in the Business Disciplines, Vol. 4), Emerald Group Publishing Limited, Leeds, pp. 315-332. https://doi.org/10.1016/S1074-7877(03)04015-7