It's a simple formula: Investing in high-growth companies creates jobs while generating more wealth for investors. The formula has worked for America's private venture capital investment community for 65 years.
Unfortunately, no such active community exists in Black America.
From The Huffington Post:
This week, the National Venture Capital Association and the Angel Capital Association meets in Boston for the ACA Summit (April 4-6, 2011) and NVCA Annual Meeting (April 6-8). Together, these organizations are comprised of more than 500 groups of private equity investors who make up a large portion of the reason why the 21st century Innovation Economy races along at breakneck speed and offers solutions to the problems of high rates of unemployment and diminishing levels of wealth.
There are no such comparable gatherings in Black America.
Producing Jobs and Wealth
Between 1980 and 2005, all net job growth in America was produced by companies less than five years old. That doesn't happen without angel and venture capital investing in high-growth entrepreneurship.
Read more at The Huffington Post