civil rights movement : Black Innovation

U.S. Innovation Economy: Self-Selection is Key

Posted by Black Innovation on September 19, 2011 · 7 Comments

U.S. Innovation Economy: Self-selection is key By Johnathan Holifield From my earliest memories, I can recall being taught that admitting one’s mistake is a sign of true strength. If those teachings ring true, as I believe they do, then my confession of early failure to fully grasp the immutable law of the Innovation Economy, and how it relates to African American prospects for 21st century prosperity, ranks as a nearly herculean feat. New Civil... Read More

Filed under A21 Blog Posts, All · Tagged with 21st century, capital, civil rights movement, competition, economic, innovation, innovation economy, investment, job growth, private sector, self-select, self-selection

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MUST LISTEN: Johnathan Holifield, co-founder of America21, and VP of Inclusive Competitiveness at Nortech in Northeast Ohio is joined by a stellar cast of intellectual heavyweights who offer insight into the challenges and opportunities the nation faces in the 21st century global innovation economy.

Click the image above to listen.
(MUST SEE!) Jace Hall: Defying the Odds

Please forgive the long intro (it's a pilot episode).

This interview with Jace Hall is a must-see for anyone who wants to understand how a kid from the "hood" can grow up to be CEO of his own company and earn millions in the technology industry.
Oregon Business profiles Mike Green
Is Paul Graham right on startup diversity?

Paul Graham, partner at one of the most successful startup accelerators in the country, Y Combinator, says the lack of diversity across the startup accelerator landscape is due to a lack of diversity in the applicant pool.

Is he right?
63% of young Blacks, 64% of young Hispanics seek entrepreneurship

READ REPORT
Angels funding more women-owned startups

Money is a key ingredient for high-growth, job-creating companies. Traditionally women have shied away from using outside funding. As a result, their businesses have grown slowly and created fewer jobs.

But that seems to be changing. For the last two years, angel investors have funded more women-owned businesses than ever before – more than 1,600 per year ...

Read More at Women2.0
Global Economic Advocate

Leila Janah: Global Economic Advocate

Click on the image above to hear Leila Janah explain how she uses technology and innovative entrepreneurship to provide jobs to the world's poorest.
Click image
Who are the young rising affluent?

Rising Affluent connects young professionals with relevant resources and opportunities to network, grow, and develop themselves for professional advancement and personal achievement.

Click on the image above for the Rising Affluent Website
Mary Meeker’s Internet Trends, 2012

KPCB Internet Trends 2012
Portland, Oregon: Future of Work
A21 Interview with investor Daymond John
Angel investing stimulates startups

The Wall Street Journal reports $3.5B was invested in startups and early stage companies by angel investors (apart from venture capital) in the first half of 2011. Kauffman reports nearly all net new job growth is produced by companies 5 years old and less. Where are Black angels?

See Mike Green's Huffington Post piece: Angel Investing in Startups Stimulates Job Growth
A21 ‘Gathering of Angels’

Newark, NJ: The historic "Gathering of Angels" at Rutgers Business School blessed minority entrepreneurs with many investment opportunities.

CLICK HERE
Mike Green in The WaPo
Portland, OR: Minority Innovation

CNN's documentary, "Black in America Part 4: New Promised Land, Silicon Valley," stirred much controversy around the nation. In Portland, Oregon it stirred leaders to take action. CLICK HERE
How to build a black Silicon Valley

Kelly Virella attended The America21 Project's "Gathering of Angels" at Rutgers Business School in Newark, NJ, produced in partnership with The Center for Urban Entrepreneurship & Economic Development (CUEED).

Kelly wrote about the experience in Dominion of New York: The Best of Black New York.

Check out Kelly's poignant prose by clicking here.
Creating an ‘ecosystem’ for minority entrepreneurs

Entrepreneur magazine attended The America21 Project's "Gathering of Angels" at Rutgers Business School.

Read the writeup here.
The America21 Project (formerly BICI)

The "Black Innovation and Competitiveness Initiative" is now "The America21 Project." (more)
Gangsta moves in the innovation economy

Black Enterprise Editor-in-Chief Derek Dingle spotlights The America21 Project. Thanks Derek!

Nov. 22, 2011: Creativity, persistence, capital and connections will drive the advancement of high-growth African American businesses

Aug. 26, 2011: Why Black entrepreneurs must create the next Google
Who are the black 1 percent?

The historic "Occupy Wall Street" movement, which has permeated much of American society and spawned "Occupy" copycats across the country, has triggered a mantra: "We are the 99%."

The 99 percenters are people protesting the power of the 1 percent who control and manage much of the wealth, power and influence in America. But who are the Black 1 percent?

The Grio delves into that question. The answer might surprise you.

CLICK HERE
A21 & CUEED Thank you letter

Gathering of Angels was a huge success! Here's why.
Bloomberg BUSINESSWEEK highlights "Gathering of Angels" at Rutgers University, Nov. 15 & 16.

"Improving Minority Entrepreneurs' Access to Angel Capital"

CLICK HERE
Diversity in Tech Industry: Data Report
How to divide equity to startup founders, advisors and employees
Eghosa Omoigui: The Mind Inside Intel

Interview with Eghosa here

Eghosa's investment criteria for entrepreneurs

12 hard-won lessons in entrepreneurship
Will you compete in this game?

Competition Results from 2010:
$21.8 billion was invested in 3,277 deals nationwide in 2010, an increase of 19 percent in dollars and a 12 percent rise in the number of deals over the prior year, according to the report released Jan. 28 2011 by PricewaterhouseCoopers and the National Venture Capital Association.
Read article in Miami Herald

Global Competition Heats Up
A university in New Zealand now offers a "Graduate Certificate in Science Innovation and Entrepreneurship."
read announcement at TVNZ

Is your idea worth $150,000?
Angel investors agree to offer every company in the Y Combinator business incubator $150K without ever seeing the companies!
Read TechCrunch article

Serious in Singapore
Thomas Friedman weighs in on how and why Singapore is successful while the U.S. is flailing. Ironically, he concludes that Singapore sent its economic leaders to the U.S. to learn from us.
Read Friedman's opinion in New York Times

Innovation Park is Notre Dame's innovation
Universities expecting to compete in the 21st century Innovation Economy may want to imitate Notre Dame's innovative approach to commercializing university and local community IP.
Read article in The Observer
Lamar Tyler: The Gatekeepers Are Gone

"No one is coming to rescue you." (1:50)
Join the BICI: Subscribe to email updates
Innovation Tweet Feed
Recommended Reading

Most students are NOT performing at a level deemed 'proficient' in science

"Results issued (Jan. 25, 2011) for a revamped national assessment show 12th graders posting the weakest scores compared with their elementary and middle-level peers. Only one in five high school seniors scored at least proficient on the exam. Meanwhile, 34 percent of 4th graders and 30 percent of 8th graders were deemed proficient or better in science on the 2009 National Assessment of Educational Progress, known as 'the nation’s report card.'”

read more ...

Education reform is a test America must pass

"Education is the pathway out of poverty. For too long poverty has perpetuated ignorance, which feeds discrimination and social segregation ..."

read more ...

Kauffman Foundation President Carl Schramm

"... the single most important contributor to a nation's economic growth is the number of startups that grow to a billion dollars in revenue within 20 years... new firms — not necessarily small firms — have been responsible for almost all new job creation since 1980."

read more ...

The White Tiger, by Aravind Adiga

"Perfect airplane reading, and, it has me thinking about how an entrepreneur gets started. Kudos to Adiga for writing a compelling, dark, fascinating examination of poverty, opportunity, and wealth."

read more ...

USA Today: For minorities, new 'digital divide' seen

"Researchers have noticed signs of segregation online that perpetuate divisions in the physical world. And blacks and Latinos may be using their increased Web access more for entertainment than empowerment."

read more ...

Children's Defense Fund Founder holds parents accountable for academic failures of many Black children

"We do not have a children problem; we have an adult problem. It's adults' responsibility to make a better life for their kids."

read more ...

U.S. Innovation Economy: Self-Selection is Key

See All A21 Posts

(MUST SEE!) Jace Hall: Defying the Odds

Oregon Business profiles Mike Green

Is Paul Graham right on startup diversity?

63% of young Blacks, 64% of young Hispanics seek entrepreneurship

Angels funding more women-owned startups

Global Economic Advocate

Who are the young rising affluent?

Mary Meeker’s Internet Trends, 2012

Portland, Oregon: Future of Work

A21 Interview with investor Daymond John

Angel investing stimulates startups

A21 ‘Gathering of Angels’

Mike Green in The WaPo

Portland, OR: Minority Innovation

How to build a black Silicon Valley

Creating an ‘ecosystem’ for minority entrepreneurs

The America21 Project (formerly BICI)

Gangsta moves in the innovation economy

Who are the black 1 percent?

A21 & CUEED Thank you letter

Diversity in Tech Industry: Data Report

Eghosa Omoigui: The Mind Inside Intel

12 hard-won lessons in entrepreneurship

Will you compete in this game?

Lamar Tyler: The Gatekeepers Are Gone

Join the BICI: Subscribe to email updates

Innovation Tweet Feed

Recommended Reading