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Influencer Marketing Leader, Captiv8, Aims to Help Diversify Industry by Launching DEI Initiatives Including Grant Which Offers Pro-Bono Services to BIPOC and LGBTQIA+ Small Businesses

SAN FRANCISCO, Sept. 30, 2021 /PRNewswire/ — Today, leading influencer marketing company, Captiv8, is announcing its public pledge to help Cr8 Change through programs such as a grant for minority-owned SMBs as well as mindful product updates with the goal of taking concrete, small steps to help lead greater DEI momentum and progress within the influencer marketing industry.

Influence Change Grant: applications are now open for Captiv8’s inaugural Influence Change Grant, which is designed to be a twice-yearly SaaS grant to support BIPOC and LGBTQIA+ owned small- to mid-sized businesses who are positively impacting their communities. Those selected will be provided free access to Captiv8’s SaaS influencer marketing platform, including discovery, workflow, intelligence, insights and measurement capabilities, as well as dedicated hours for strategic consulting with a team of in-house experts. In order to qualify, applicants must also meet the following criteria: be located in the United States, be non-for-profit or be a for-profit business with less than $10 million in annual revenue. The first deadline to submit is October 29, 2021, with the first recipients to be announced in December of this year. Captiv8 is currently dedicating over a half of a million dollars of value to this program to help support 10 companies in 2022.

Mindful Product Mapping: Captiv8 is also building features directly into its platform to encourage creator representation through expanded gender, ethnicity, and sexual orientation identification options. This will allow creators to self-identify in the most representative manner, and allow brands to partner with creators to diversify initiatives.

“The last few years have made it apparent that there is a need now more than ever for a culturally diverse and representative landscape in the influencer marketing industry. We know this change cannot happen overnight, but we want to make sure we’re dedicating ourselves to taking the right steps to ensure we’re making a positive impact for both creators, and the brands we work with,” said Krishna Subramanian, CEO, Captiv8. “Ultimately, we know that small steps lead to significant progress over time. As a minority-owned company ourselves, we have built our own foundation upon the diverse backgrounds, ethnicities, genders and excellence of our employees, and we want to help lay a similar, inclusive, foundation in others.”

Captiv8, itself, is a minority-owned company, with nearly 70 percent of the team identifying as BIPOC. Diversity extends to the highest levels, with 1 in 2 of its leadership team also identifying as BIPOC.

Those interested in learning more or applying for the Influence Change grant can visit here.

About Captiv8:
Captiv8 is a full service influencer marketing solution that redefines end-to-end, inspiring you to think bigger, enabling you to plan smarter and empowering you to execute better. Through our intuitive workflow, brands can uncover actionable insights on trends, discover and vet influencers, seamlessly activate campaigns at scale, amplify branded content across the digital ecosystem, and prove business impact through our measurement dashboard. Our platform gives you the tools you need to build relationships and effective content, while our teams lend experiences and strategic services to steer you clear of common influencer marketing pitfalls.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/influencer-marketing-leader-captiv8-aims-to-help-diversify-industry-by-launching-dei-initiatives-including-grant-which-offers-pro-bono-services-to-bipoc-and-lgbtqia-small-businesses-301388729.html

SOURCE Captiv8

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Volt and CEO Linda Perneau Win 2021 Stevie Awards for Women in Business

ORANGE, Calif.–(BUSINESS WIRE)–Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced that it has been awarded two Silver Stevie® Awards. The Company won Women-Run Workplace of the Year and Linda Perneau, President and CEO, won Female Executive of the Year – Business Services, in the 18th annual Stevie Awards for Women in Business 2021.

The Stevie Awards for Women in Business honor women executives, entrepreneurs, employees, and the companies they run – worldwide. The Stevie Awards have been hailed as the world’s premier business awards. For more information, visit https://stevieawards.com/Women.

“On behalf of Volt, I am delighted to be recognized by The Stevie Awards for our laudable efforts over the past year,” said Ms. Perneau. Having overcome extraordinary challenges in 2020, we are proud of our continued positive results and sustained growth through 2021. Being named to these awards in two categories acknowledges not only my own commitment to positive momentum but the tireless efforts of every Volt employee who delivers excellent service to our clients and candidates every day, all of whom are deserving of equal opportunity for advancement in the workplace.”

About Volt Information Sciences, Inc.

Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based). Our staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed staffing services programs supporting primarily administrative, technical, information technology, light-industrial and engineering positions. Our managed staffing programs involve managing the procurement and on-boarding of contingent workers from multiple providers. Volt services global industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities. For more information, visit www.volt.com.

Contacts

Investor Relations Contact:
Volt Information Sciences, Inc.

[email protected]
Joe Noyons

Three Part Advisors

[email protected]
817-778-8424

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New Online Bank PROFIT Helps Minority Business Owners By Doing Bookkeeping and Accounting for FREE

NEWARK, N.J.–(BUSINESS WIRE)–PROFIT is the first online business bank account that blends modern banking with accounting software in one platform – automatically completing your bookkeeping and accounting for free.


Founded by two software engineers who grew up in underserved areas (Newark, NJ & Union, NJ), Vin Montes & Frantz Romain personally know what it’s like to fend for themselves in an underserved financial business environment. Frantz Romain attended New Jersey Institute of Technology (NJIT) and Vin Montes attended Fairleigh Dickinson University (FDU) in NJ. They recognized the help minority small business owners needed and built a banking platform to help them.

PROFIT’s founders include:

  • Vin Montes, a prior business owner, US Air Force veteran, and software engineer who developed a global financial spend application for UPS.
  • Frantz Romain, a prior business owner, and software engineer who worked with Mr. Montes for two years developing a global financial spend application for UPS. The technology he built with Mr. Montes was awarded Red Hat’s 2018 Global Innovation Award (prior winners include Barclays, Deutsche Bank, & BBVA)

PROBLEM

Minority small businesses continue to be underserved by banks. Lacking support from the financial industry, they struggle to access capital and easy-to-use financial tools. Overwhelmed with responsibilities, most minority business owners lack the time and financial background to manage complex accounting software.

THE PROFIT SOLUTION

PROFIT’s founders decided to build the first All-in-One business bank account with accounting technology that does their member’s bookkeeping and accounting for free.

“We personally know what it’s like to be left behind and fend for ourselves in an underserved environment. This motivated us to build a technologically advanced bank that would take some of the financial burdens away from underserved business owners so they could focus on growing their business the best way they can.” – CEO/Co-founder Vin Montes.

“It is hard for a business owner to know how their company is doing financially compared to their industry. To solve this problem we provide our members with real-time Profit & Loss statements that benchmark their net profit with their industry’s average. This helps the owner understand how their business is doing financially compared to their industry. – CTO/Co-founder Frantz Romain.

PROFIT also captures receipts via text message & automatically matches them to the correct transaction. It then auto-reconciles all their accounts saving their members days of tedious accounting work.

PROFIT GIVES BACK

Black and Latino business owners are half as likely to be approved for bank loans than Whites. That was the case even when Black, Latino, and White applicants were all categorized as low credit risk, according to a 2020 Federal Reserve study. As further validation of the uphill battle Black & Latino’s face in getting the business help they need, Forbes published that 37.9% of Black businesses reported being discouraged from applying for a business loan, compared to 12.7% of white-owned businesses.

PROFIT’s founders experienced this first-hand when they were turned down for a business loan.

To help alleviate the problem, PROFIT offers all their members a 0% interest revolving line of credit. “We take a portion of our revenue and fund a revolving line of credit for all our members. We know what it’s like to be turned down for loans even if you have a good business. We do not ask for a credit check and the funds are available the next business day.” – CEO/Co-founder Vin Montes.

ASK

If you would like to help or support PROFIT’s cause in any way please contact [email protected].

To sign up for a PROFIT business bank account or to learn more, visit www.bankwithprofit.com.

Contacts

MEDIA INQUIRIES

Vin Montes

CEO & Founder

[email protected]
Media Kit: https://www.bankwithprofit.com/post/media-kit

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$2 Million in New Grants Aimed for LGBTQ+-owned and Ally Restaurants

National LGBT Chamber of Commerce Teams Up with Grubhub To Offer String-Free Funds for Struggling Restaurants Impacted by Covid

WASHINGTON and CHICAGO, Sept. 22, 2021 /PRNewswire/ — America’s vulnerable LGBTQ+-owned restaurants and bars serving food will find a vital lifeline this fall stemming from the partnership formed by the National LGBT Chamber of Commerce (NGLCC) and Grubhub. These small business owners have been among hardest hit by Covid impact with loss of jobs and income over the past two years.

Grubhub, a leading U.S. food-ordering and delivery marketplace, and the National LGBT Chamber of Commerce (NGLCC), the business voice of the LGBTQ+ community and certifying body for LGBTQ+-owned businesses nationwide, have opened applications for their NGLCC/Grubhub Community Impact Grant Program. The grants are expected to range from $5,000 to $100,000.

“We often say at NGLCC that ‘If you can buy it, an LGBTQ+-owned business can supply it.’ That is especially true of the LGBTQ+-owned restaurants across America who kept our communities and first responders fed throughout the pandemic. We’re proud to partner with Grubhub in offering these grants to support these businesses throughout the nation. America’s 1.4 million LGBTQ+-owned business owners have shown incredible resilience during the COVID-19 pandemic, and now, in turn, we can help them recover stronger than ever,” said NGLCC Co-Founder and President Justin Nelson.

Throughout June, NGLCC was named the official partner of Grubhub’s Donate the Change program, which has raised tens of millions of dollars for organizations in need since launching in late 2018. The partnership welcomed Grubhub and Seamless diners to opt-in, round up their order total, and donate the difference, with the company matching eligible donations from Grubhub+ members. The proceeds raised will now be made available through NGLCC to support the LGBTQ+ community and LGBTQ+-owned restaurants.

“As the world starts to return to a new normal, we know many businesses are rebuilding and reopening, especially LGBTQ+-owned restaurants that are often the pillars of their communities,” said Kevin Kearns, senior vice president of restaurants at Grubhub. “We’re thrilled to partner with NGLCC and give back to the LGBTQ+ community – one that has shown incredible strength and support for those in need throughout the pandemic.”

Under the innovative grant program, the NGLCC has set a goal to allocate 30 percent of the funds to businesses owned by people of color and transgender/gender non-conforming individuals.

Restaurants wishing to apply for grants should visit www.nglcc.org/ghgrant

NGLCC and its partners will expertly evaluate applications after the October 12, 2021 closing date. Major grantees will be awarded onstage during the NGLCC Back To Business (B2B) Summit in Hollywood, Florida this November, as well as in local communities.

The NGLCC’s network of more than fifty Affiliate Chambers across America will help amplify this grant opportunity to support local restaurants. Those local chambers will also benefit from this initiative’s newly established “Affiliate Chamber Fund.” This fund will enable any establishment that receives a Community Impact Grant Program that is not currently a member of an NGLCC local affiliate chamber to have one year of membership paid. Additionally, many of NGLCC’s more than 300 corporate partners enhanced their Pride 2021 programming with food orders from Grubhub during their programming with Employee Resource Groups and community partners – a best practice expected to continue throughout future Pride celebrations.

For more information on the Community Impact Grant Program regarding restaurant eligibility requirements, timelines, how to apply, and more, please visit www.nglcc.org/ghgrant.

Contact: [email protected]

About NGLCC
The National LGBT Chamber of Commerce (NGLCC) is the business voice of the LGBT community and is the largest global advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people. NGLCC is the exclusive certification body for LGBT-owned businesses, known as Certified LGBT Business Enterprise® (Certified LGBTBE®) suppliers.
www.nglcc.org @nglcc

About Grubhub
Grubhub is part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY, NASDAQ: GRUB), a leading global online food delivery marketplace. Dedicated to connecting more than 33 million diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features more than 300,000 restaurant partners in over 4,000 U.S. cities.

SOURCE National LGBT Chamber of Commerce

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Gina Battye: Fostering Psychological Safety in the Workplace

In this episode of OutBüro Voices featuring LGBTQ professionals, entrepreneurs, and community leaders from around the world, host Dennis Velco chats with Gina Battye, an out lesbian entrepreneur in corporate diversity and inclusion with a keen focus on psychological safety.

This short description nearly does this robust and in-depth conversation justice. This is a must-watch or listen to casual interview chock full of insights, examples, and personal stories you might relate to.

OutBuro Voices Gina Battye LGBTQ Employee Add Employer Review Company Rating LGBT Corporate Workplace Equality Gay Lesbian Queer Diversity Inclusion

Gina Battye created the blueprint for psychological safety. From Gina’s observations working with ex-offenders, through consulting and training multinational corporations on psychological safety and LGBT+ inclusion, she could see very clearly that there are 5 key areas that organizations need to address, to ensure everyone can bring their whole self into the workplace.

These are referred to as The 5 Pillars of Psychological Safety.

The Authentic Self Process is the first of the 5 Pillars of Psychological Safety. By raising your awareness about your SELF, you will feel confident and empowered to bring all of who you are into the workplace.

These 5 Pillars of Psychological Safety are the foundations and building blocks being used around the world to create fully inclusive workplaces.

PILLAR 1 – SELF
SELF refers to you. Who you are. What influences your thoughts and behavior. How you cope with life. How you show up in the workplace. The first pillar centers around Gina’s signature Authentic Self Process. The Authentic Self Process is a powerful 3 step system to release the masks you wear and the stories you have created – so you can bring ALL of who you are to work and life.

OutBuro Voices Gina Battye LGBTQ Employee Add Employer Review Company Rating LGBT Corporate Workplace Equality Gay Lesbian Queer Diversity Inclusion

PILLAR 2. SOCIAL
SOCIAL explores how you interact with colleagues, managers and leadership teams. Imagine everything you have just uncovered about your SELF. The person at the next desk to you has all that going on within them too! Now you know all this, SOCIAL takes you through what is going on behind the scenes of your interactions with others, what influences how you respond and react in conversations and how to use this knowledge to strengthen your interactions and connection with other people.

PILLAR 3. COLLABORATION
COLLABORATION delves into the nuts and bolts of team working and how to cultivate trust and work in collaboration with others. In COLLABORATION you explore the environment, the culture of the organization, and how to empower and enable effective collaboration in teams. Gina takes you through safe spaces, ground rules, conflict resolution plans, the 4 steps to effective communication, and the foundations for exceptional team working – all of which are integral to powerful COLLABORATION.

PILLAR 4. CURIOSITY
CURIOSITY. Didn’t kill the cat. It made the cat wiser. Gina delves into how to create a culture of experimentation, contribution, and reflective questioning. Here mistakes are made and lessons are learned. Constructive and active feedback is sought and received and there is a willingness to learn, both professionally and personally. This is not only actively encouraged but positively practiced – creating a culture of innovation.

PILLAR 5. CREATIVITY
CREATIVITY. “I can’t draw”. No worries, you don’t need to be able to. Everyone is born with innate creativity. But over the years you have been told to “keep your ideas to yourself” and to “not make a fuss.” Hearing these messages you suppress your creativity and don’t speak up. In CREATIVITY you explore how to create a culture where new ideas and alternative perspectives are welcomed. One where everyone has a voice and all ideas are valued, considered, and discussed openly.

Connect with Gina on OutBüro at https://outburo.com/profile/ginabattye/

Join me and Gina on OutBüro, the LGBTQ professional and entrepreneur online community network for gay, lesbian, bisexual, transgender, queer, allies and our employers who support LGBTQ welcoming workplace equality focused benefits, policies, and business practices. https://www.OutBuro.com

Would you like to be featured like this? Contact the host Dennis Velco. https://outburo.com/profile/dennisvelco/

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B. Danielle Watkins: Lesbian, Author, Screenwriter, Film Maker

In this episode of OutBüro Voices featuring LGBTQ professionals, entrepreneurs, and community leaders from around the world, host Dennis Velco chats with lesbian entrepreneur B. Danielle Watkins.

Like most professionals, Danielle’s path started on a winding trail lead by her passion for writing. Her writing grew into publishing full novels and a trilogy. A friend asked for her help in writing a screenplay and, BAM she was hooked. This event changed the course of her primary focus to work in the film industry. For a few years, Danielle worked for a production company being a principal screenwriter. As her passion, knowledge, and skill grew Danielle branched off on her own to form her own film production company. Currently, she works on short episodes and short films coving a range of topics while most are underpinned with topics that are raw, tragic, and sheds light on fractions of society underexplored and underrepresented in contemporary media.

To connect with Danielle find her on OutBüro here. https://outburo.com/profile/daniellewatkins/

Join me and Danielle on OutBüro, the LGBTQ professional and entrepreneur online community network for gay, lesbian, bisexual, transgender, queer, allies and our employers who support LGBTQ welcoming workplace equality focused benefits, policies, and business practices. https://www.OutBuro.com Would you like to be featured like this?

Contact the host Dennis Velco. https://outburo.com/profile/dennisvelco/

OutBuro Voices 1-26 Victoria Villasenor lesbian entrepreneur Global Wordsmiths author writer editor

Victoria Villasenor: Lesbian Entrepreneur, Author, and Editor

In this episode of OutBüro Voices featuring LGBTQ professionals, entrepreneurs, and community leaders from around the world, host Dennis Velco chats with Victoria Villasenor.

Be prepared to laugh and perhaps tear up a little too. Victoria Villasenor is an out lesbian entrepreneur, award-winning author, editor, author’s coach, community service leader, and simply a wonderful soul. We had such a great conversation.

As she states, “Do well, to do good. I love words. I love molding them, playing with them, learning about them. I love helping other people use them. I love to read and I’m a fan of pretty much every genre out there. Through my work with Global Wordsmiths and Global Words Press, I get to spend all my time doing things with words, which makes me a very happy editor.”

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Global Wordsmiths is a community interest company, meaning a big part of what they do is community-based. This is important to Victoria and evident in our chat. There are so many people who feel unheard and unseen, and finding ways to give them a platform to be heard is seen is vital. To date, they have done fourteen books with organizations like Nottingham Hospice, AGE UK, Trans4me, and the Southwell Workhouse all in where the youth or elderly re dived validation, guidance, and support in sharing their stories. Victoria has an MA in English composition and literature. She has written and published six novels under a pen name, as well as lots of short stories. She teaches workshops for various organizations and lead writing retreats in other countries.

  • 01:15 Brief introduction and overview of Global Wordsmith’s a book editing and author advising company. They also run a community non-profit side that works with community organizations.
  • 05:00 Victoria discusses why authors seek their help and their process 06:00 Victoria is also an award-winning author herself
  • 07:00 We chat about, talkers, ideas, and dreamers versus action and doing.
  • 09:20 Part of taking action is surrounding yourself with others who have common interests, goals, who you can learn from, with and support one another
  • 9:50 Some think, “I can read, so I can write”, but that’s not true. It is a craft and skill that must be developed and honed.
  • 12:00 Working with a professional editor helps hone your product to be the best it can be when released into the world
  • 13:00 Know your audience
  • 20:00 The process Victoria discusses the process of working with authors and the depth of services they seek
  • 25:00 Victoria’s community side works with kids working storytelling to help them connect with their school curriculum
  • 29:00 One community project was working with transgender youth helping them share their story, connect and communicate
  • 31:00 Other community projects have been working with the elderly in group homes to help them connect, share and come together to bond and diminish the feeling of isolation
  • 35:30 Victoria met her wife through the community work. Their shared passion turned into relationship passion.
  • 36:00 Their work touch and changes lives
  • 38:00 Your story matters, you matter, and you are not alone

Connect with Victoria on OutBüro at: https://www.outburo.com/profile/victoriavillasenor/

Join Victoria on OutBüro, the LGBTQ professional and entrepreneur online community network for gay, lesbian, bisexual, transgender, queer, a.lies and our employers who support LGBTQ welcoming workplace equality focused benefits, policies, and business practices. https://www.OutBuro.com

Would you like to be featured like this? Contact the host Dennis Velco. https://www.outburo.com/profile/dennisvelco/

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LGBTQ Entrepreneurs – Are You Happy

Being an entrepreneur is challenging. The LGBTQ entrepreneur can face additional challenges that our couterparts likely won’t face such as biased limitations to captial funding to launch or grow your business, access to business mentors, hurdles to reach revenue growth due to biases, lack of strong suplier diversity practices, and so much more. This can lead to gay, lesbian, bisexual, transgender, and queer business owner to still in today’s time hide their true self causing yet other stresses.

Happiness is important. There are some LGBTQ entrepreneurs who have sacrificed their health, sanity, happiness, life balance, and personal relationships in pursuit of success. Like all professionals, LGBTQ entrepreneurs who are authentically happy, are those who have found a way to balance all of the various facets of their life.

Happiness matters, more than you might realize. It’s important to your physical and mental health and in your resiliency in the face of challenges and crises. Additionally, your happiness is important to the happiness of those close to you, the community at large, and the success of your business.

Are You Happy?

  • Do you feel you are working on supporting your big “why” that sparked your passion that sparked the idea of your startup in the beginning?
  • Do you feel you have quality time with your life-partner, family, and friends?
  • Are you taking the time to focus on your physical health – taking care of yourself?
  • Are you “out” in your professional life?

Would You Change?

It is often said that no one on their death bed wishes they spent more time at the office, more time marketing and pursuing customers or more time perfecting the fundraising pitch deck. Most say they wish they spent more time being present physically and mentally with those they care about.

Take a moment, now or schedule it. Take a walk and really think about this. Are you happy in all facets of your full life and if not why?

What small changes can you make to work on that? We’d love for you to comment and begin a discussion of the struggles, opportunities, strategies, and success – in happiness you have encountered. Are you putting on your busy calendar time for yourself and time with others? If not, give yourself permission to just do it.

As we are going through the COVID-19 it has added a whole other level of stresses. Things to consider putting on our calender as you can while still being safe:

  • Once a month catch up call with a long distant relative or friend.
  • Weekly or bi-weekly special date night with your life-partner – doing something that makes the day or evening special quality time to stay deeply connected. Share some ideas in the comments.
  • Do you have kids? Consider a board game night or other unplugged activities that allow interaction, discussion, and fun. What other ideas do you have?
  • Consider some alone time too – maybe that is walking around your neighborhood or parks. While walking listen to the birds and crickets, relaxing music, or even podcasts on topics you enjoy. Maybe your alone time is starting or rekindling a meditation practice. What activities work for you that you could recommend to others?
  • Are you involved in any local charities? If not, consider volunteering a few hours a month.
  • Get and stay fit. Exercising releases happy mood endorphins. With COVID-19 you might be stuck in-home workouts, but luckily there are tons of free instructional videos on YouTube with both male and female instructors.
  • Due to COVID-19 are you in or near financial ruin? Have you considered bankruptcy? How are you dealing with that?
  • If not out as a business owner, would you like to talk to others and to get their stories and support?

What resources would you recommend to others? What has been working well for you? What areas would you like to find support in?

Please share those in the comments.

Consider joining the private Out:Startups group here on OutBüro to connect with other business owners, share ideas, methods, and all tactics in a safe space where you can be yourself.

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Venture Capital – LGBT Entrepreneur Startup Funding Resources

Gay, lesbian, bisexual, transgender and queer entrepreneurs often struggle well beyond their heterosexual start-up counterparts in many areas of business. One, in particular, is raising funding in the form of venture capital and operational working capital funding to launch and grow their business. Most businesses will need to apply for some sort of working capital during their lifetime. Traditional loans are not always an option to many LGBT business owners due to the lengthy paperwork required and strict rules and guidelines, and discrimination from the staff of traditional VCs/Banks/Leading Companies/Financial Institutions who have historically favored heterosexual white males. Progress towards diversity in entrepreneur funding is happening, yet continues to be slow.

Several financial companies and organizations have stepped up to aid LGBT entrepreneurs in acquiring the capital they need to see their vision to reality and continue its growth trajectory.

We’d like to consider this an active and growing list. If you are aware of a company or organization that providing funding and capital targeting the LGBT entrepreneur, we’d appreciate you using the Contact Us form and provide a link to their primary website so that we may review their info and potentially add them the resource list below.

If you contact any of the below, we’d greatly appreciate it if you would let them that you learned about them here on OutBüro.

LGBT Venture Capital Funding

1. Diversity Fund

Note: this site does not have SSL active, yet still live.

Diversity Fund - LGBT Employees Rate Employer Review Company Employee Branding OutBuro - Corporate Workplace Equality Gay Lesbian Queer Diversity Inclusion

We’re out to change the world of business finance!  Founded by LGBT with a focus on LGBT and other minorities.
Diversity Fund is a new business finance platform that unites rewards, lending, and equity finance provides sophisticated tools for investors to evaluate each deal and company and is fun and engaging for everyone!

Through Diversity Fund, an entirely new generation of entrepreneurs can finance their venture or expansion by immediately reaching thousands of potential investors who support their goals. Diversity Fund opens the world of business finance to entirely new sets of entrepreneurs and investors and leverages crowdfunding to even the playing field to the rest of us. Founded in Austin, Texas, Diversity Fund seeks to become a leader of small business finance and a trusted source for both entrepreneurs and investors. We’re excited about Diversity Fund and hope you are too. Be sure to register, so that we can send you information and news. Also, subscribe to our e-newsletter and check out our social links for more!

Backstage Capital - LGBT Entrepreneur Venture Capital Startup Funding Gay Business Owner Resources

2. Backstage Capital

Less than 10% of all venture capital deals go to women, People of Color, and LGBT founders. Other VCs see this as a pipeline problem. We see it as the biggest opportunity in investment.

Backstage Capital has invested more than $4M+ in over 80 companies led by underrepresented founders.  Backstage Capital is backed by Anthemis Group who at its foundation is dedicated to diversity.

LGBT Capital - LGBT Venture Capital Business Funding Gay Startup Lesbian Owner Financial Resources

3. LGBT CAPITAL

LGBT Capital was established in 2010 with a focus on the LGBT Consumer segment as a credible investment sector and to demonstrate the business case for advancements in LGBT equality and inclusion.

Since then and to support these aims, LGBT Capital has pioneered the development of an LGBT Diversity Investment Index with a complementary Institutional Investment methodology, developed Statistics and Research to demonstrate the potential of the LGBT Consumer Sector, and launched the first international specialist LGBT Wealth Management offering as well as an LGBT focussed Property Portal. LGBT Capital also works with a number of quality LGBT focused businesses to support their investment plans and growth.

LGBT Capital’s portfolio is guided by a primary focus on a sound business opportunity while actively supporting the advancement of LGBT Equality and Rights globally We prefer to work closely with clients and partners towards achievable goals. We will advise, but prefer to help structure, implement and execute. We believe in the power of Impact Investing and in particular that Impact Investing can support the progression of LGBT freedoms and inclusion globally. We also believe that the growth of quality LGBT businesses, particularly in developing markets, will play a key part in further developing LGBT freedoms and quality of life.

Google Ventures - LGBT Venture Capital Gay Business Funding Resources Lesbian Entrepreneur Startup Community OutBuro

4. GV

Formerly known as Google Ventures, GV was launched in 2009 to serve as the venture capital arm of Alphabet, Inc. Since then, it’s invested in over 300 startups within the life science, healthcare, artificial intelligence, robotics, transportation, cybersecurity, and agriculture industries. Some of these startups include Walker and Company, Tala, and Vida.

Google Ventures is very open to exploring relationships of entrepreneurs of all backgrounds.

We believe in the power of spending time together face to face. Whether we’re hosting a summer BBQ, celebrating Pride, or playing softball, you’ll find us with our portfolio founders and their teams.

Startup52 LGBT Venture Capital Gay Business Owner Funding Resources Lesbian Professional Community OutBuro

5. Startup52

Startup52X is focused on grooming extraordinary startup founders to launch highly successful and profitable ventures. We especially like teams that have at least ONE founder from underrepresented communities in tech. These include people of color, women, entrepreneurs who are – veterans, with disabilities, immigrants, LGBTQ, etc. We hope to increase diversity in startup and tech spaces while launching outstanding ventures.

Startup52 is an early-stage accelerator based in New York City. As the first sole diversity-focused accelerator in NYC, Startup52 was founded by Chike Ukaegbu to identify and groom outstanding entrepreneurs, especially those from untapped and under-tapped communities. Our main goal is to increase diversity in startup and tech spaces.

We run two cohorts a year with up to 15 outstanding ventures per class. Startup52’s ecosystem of partners, mentors, advisers, industry experts, investors and more, helps our ventures and founders thrive well even under the daunting challenges of startup entrepreneurship.

Our program follows an intensive structure that implements strategy aimed at uniquely helping startups develop an effective framework for decision making in focusing, aligning, executing and delivering against strategic adaptive and growth initiatives. This, we hope will lead to launch, longevity, and successful exits.

Our community of mentors, advisers, experts, serial entrepreneurs and  more, are successful people, who have sold businesses, held executive positions at large companies, have advanced degrees from ivy league schools, are current entrepreneurs, among other great accomplishments.

AngelList - LGBT Venture Capital Business Funding Gay Startup Lesbian Owner Financial Resources

6. Angel List – LGBT Market

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. Created in 2010, the platform has a mission to democratize the investment process and to help startups with their challenges in fundraising and talent. It started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge.

The LGBT Market on AngelList is a resource to consider.  Companies listed include HER and HORNET along around 150 other LGBT entrepreneur-owned businesses and worth investigating as a potential venue for exposure to angel investors

7. Connectivity Capital Partners

Connectivity Capital Partners is a venture capital firm that funds early-stage startups. Through the efforts of its Chief Investment Officer, Denmark West, the firm advocates for diversity in technology by supporting extraordinary startup founders regardless of their background.

Republic - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

8. Republic – LGBT Startups

As an LGBT entrepreneur, you are a champion of your brand.  With Republic you can create a crowdfunding campaign that does more than attract small investors – it aids in creating brand ambassadors.  Not LGBT specific as a platform, yet via your network and the compounded social influence that has you can spread your fundraising efforts to the audience of your making coupled with an active investor pool of 350,000 current members.   In May 2016, the U.S. Securities and Exchange Commission enacted Title III of the JOBS Act, allowing non-accredited investors — the majority of the US population — to invest in startups. But the complicated legal requirements demanded a founder and investor-friendly, easy to use platform to make startup investing truly accessible while adhering to legal requirements so that it is an ethical safe space to invest from within.

That’s why we built Republic: to democratize investing and level out the fundraising landscape for founders and investors alike. We’re SEC-registered, FINRA-licensed, and if you’re at all interested in startups, you’ve heard of our past work: Republic is part of a family of startup platforms together with AngelList, Product Hunt, and CoinList — one of the most trusted online startup ecosystems in the world.

Gaingels - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

9. Gaingels

Gaingels is a profit-focused, mission-based affinity organization (a networking group of investors) which offers venture-stage investment opportunities into companies worldwide that have at least one LGBT founder, senior C-level executive, or board member.

Our members put great effort into assisting the companies we invest in. In turn, exceptional founders seek out this type of assistance to produce strong returns.

We also invest directly in venture funds, accelerator partners, and charity partnerships, including our own scholarship and mentoring program.

Intel Capital Diversity Fund - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

10. Intel Capital – Diversity Fund

Announcing the Diversity Initiative, the largest venture capital resource ever created to focus on underrepresented entrepreneurs. This $125M commitment, part of Intel’s groundbreaking diversity efforts, will ensure that funded entrepreneurs enjoy the access to business development programs, global network, technology expertise and brand capital their talents deserve.  Focusing on both the seed-stage and expansion phases, Intel Capital – Diversity Fund invests in technology, environmental or social mission driving startups, and must be within the U.S.

Background:

In June 2015, Intel Capital announced the venture industry’s largest-ever commitment to invest in technology companies led by women and underrepresented minorities (African Americans, Hispanics, and Native Americans).

Initially envisioned as a five-year, $125 million fund, the Intel Capital Diversity Initiative was expanded in October 2016 to also invest in startups led by entrepreneurs living with disabilities, U.S.-based entrepreneurs from the LGBTQ community, and U.S. military veterans.

In May 2018, Intel Capital announced that the Diversity initiative had exceeded its initial $125 million investment target more than two years ahead of schedule. Through September 2019, we have invested $381M in companies led by diverse teams; such companies make up 15 percent of our active portfolio.

500 Startups - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

11. 500 Startups – LGBTQ SYNDICATE

500’s mission is to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems.

We believe that great founders come in all shades, genders, and nationalities.

Since our inception, we’ve made it our mission to find and empower talented founders, whether they’re across the world or overlooked in our own backyard.

Diversity has always been a core value at 500. We’re committed to being champions of the global VC community, not as it is, but as we’d like to see it.

At 500, we don’t just slap a poster on the wall about diversity – we know that LGBT founders, mentors, and investors are a huge part of what makes our #500Strong family so great. In 2014, we even launched Rainbow Round to highlight great entrepreneurs and do more community outreach.

Pipeline Angels - LGBT Venture Capital Entrepreneur Startup LGBTQ Business Funding Resources Gay Owner Lesbian Professional Community OutBuro

12. Pipeline Angels Funding

If you have a socially responsible business model, Pipeline is a great start. Business owners can pitch to a network of women investors through pitch summits which happen several times throughout the year in various locations. To be eligible, businesses must be for-profit, headed by a cis female, non-binary femme or transgender woman.  Our members serve as the friends and family for entrepreneurs who may not already have support at their critical startup stage.

13. DigitalUndevided

DigitalUndevided - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

DigitalUndivided understands that cultural, structural, and financial barriers have functioned to restrict the involvement of people of color in economic chances. But, black and Latina women are the fastest-growing set of entrepreneurs in the USA. BIG is more than an incubator- it’s a direct pathway into the innovation economy for women of color. The BIG process begins with START, an invite-only weekend of ideation, pitching, feedback, and networking. From this weekend, we chose the cohort of the BIG Incubator

14. Brooklyn Bridge Ventures

Brooklyn Bridge Ventures - LGBT Venture Capital Business Funding LGBTQ Entrepreneurs Gay Startup Lesbian Owner Financial Resources

Self admittedly, this is an investment portfolio that happens to take on minorities, not as a mission, but as a matter of good business as discussed in his short article here >> How to build a successful and diverse venture capital portfolio without really trying   Brooklyn Bridge Ventures manages $23 million across two funds, leading or co-leading investments of around $350,000 in New York City companies that have yet to raise $750,000 in prior rounds.  BBV is the first venture capital fund based in Brooklyn, NY and it is managed by Charlie O’Donnell.  Conversations often start pre-product and pre-deck.  The fund invests in a wide variety of sectors, so say hello.

Kapor Capital - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

15. Kapor Capital

Kapor Capital invests in tech-driven seed stage companies committed to closing gaps of access, opportunity or outcome for low-income communities and/or minority underrepresented communities in the United States.  We are open to investing in every sector, including education, work, finance, justice, food, and health.

We have invested exclusively in companies that have real potential to produce both significant financial returns and large-scale social impact by:

  1. closing gaps of access to information or goods and services; and/or
  2. expanding economic opportunity in the workplace and the marketplace; and/or
  3. increasing outcomes such as efficiency and competitiveness of market-based solutions to social and economic issues.

We seek entrepreneurs from all backgrounds, especially people of color, women and other groups that have been historically underrepresented.  We believe lived experience helps entrepreneurs identify rapidly-scalable, market-based solutions others have overlooked.

Aspen Capital Fund - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Financial Resources

16. Aspen Capital Fund

They construct Hispanic and Minority company success stories by giving experience for early-stage companies. They supply mentorship, strategic guidance, and technical assistance. They focus particularly on first-time entrepreneurs and first-time small business owners.

Astia Angels - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Startup Gay Lesbian Professional Community OutBuro

17. Astia Angels

Astia was founded in Silicon Valley in 1999 as a non-profit organization dedicated to identifying and promoting best-in-class, high-growth ventures that include women leaders.

Astia levels the investment playing field by cultivating a trusted global ecosystem of engaged male and female investors and advisors, who offer crucial resources, including capital, networks, and expertise. Unlike most VC’s, investment firms, or accelerators, Astia provides a creative, proven approach that contributes to the success of women leaders and their ventures.

Collaborative Fund Partner - LGBT Venture Capital Business Funding LGBTQ Entrepreneurs Gay Startup Lesbian Owner Financial Resources

18. Collaborative Fund Partners

Collaborative Fund Partners, LLC, is a social impact and inclusion investment firm. CFP exists to “do well by doing good.” Through a multi-company investment approach, CFP is able to minimize placement risk, where most early-stage funds have failed in the past. By becoming directly involved in each company, CFP is able to maintain a quality control position with the management team and the use of funds needed to take each company into revenue and profitability.

Collaborative Fund Partners, LLC generates capital appreciation through investments in its portfolio companies that meet the Fund’s investment policies. The Fund will seek to fulfill its primary investment objective by making investments in early-stage companies that require additional equity and/or working capital in order to establish or expand their businesses

19. NewME

NewME Diversity Fund - LGBT Venture Capital Business Funding LGBTQ Entrepreneur Gay Startup Lesbian Owner Finance Resources

Founded in 2011 by Angela Benton, NewME has accelerated hundreds of entrepreneurs through our online platform, residential “boot-camp” accelerators, and equity portfolio. We pioneered diversity in Silicon Valley by focusing on helping entrepreneurs identify strengths from their non-traditional backgrounds and leveraging them in business. We’ve helped hundreds of entrepreneurs build better businesses some have even went on to raise venture capital funding. To-date NewME has helped minority entrepreneurs raise over $43MM in funding.

20. Diversecity Ventures

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Mariah Lichtenstern’s background of building bridges between the privilege with those that are not prompted her to found Diversecity Ventures. Its focus is to invest in startups that not only aims to make a socio-economic and environmental impact but, more importantly, those that strive to promote cultural, geographic and cultural diversity.

Reach Capital Diversity Venture Capital Investing Eduction Focus LGBTQ Entrepreneur Gay Lesbian Business funding Resource Professional Community OutBuro

21. Reach Capital

Co-founded by Shauntel Poulson, Reach Capital is a venture capital firm that aims to support minority-led startups striving to help underserved communities in the country, particularly in the field of education. We invest in education because we believe itʼs our most valuable resource. It has the power to influence our course, contribute to our dreams and strengthen our communities. We invest in the people we believe in and the ideas we want to help build. Whether we are your sole investor or one of the many partners along your journey, we’ll always be there, ready to go to bat for you when necessary.

22. Black Angel Tech Fund

Black Angel Tech Fund was started by a group of successful Black entrepreneurs and angel investors after a thought-provoking panel about the lack of Black startup founders during the 2015 Stanford Black Alumni Summit. Since then, they have taken up the cause to use financial resources from successful African-Americans to support Black-owned startups. If you are LGBTQ and also happen to be African American, this VC may have interest in you.

Digitalundivided LGBT Venture Capital Busisness Funding Resources LGBTQ Entrepreneur Startup Finance Gay Lesbian Professional community OutBuro

23. Digitalundivided

Digitalundivided was founded by Kathryn Finney in 2012. Its mission is to champion Black- and Latinx-owned startups, by providing financial support and sound advice that will not only help launch these startups but also scale. If you are LGBTQ and also happen to be African American or Latinx, this VC may have interest in you.

DID continues to expand it’s impact and create true systems change through initiatives like The Doonie Fund, which has made over 1000 micro-investments in black women entrepreneurs and the expanded START program, which serves as an entry way for Black and Latinx women entrepreneurs into high growth entrepreneurship.

Project Diane 2020 is set to be released in Fall 2020 and while financial impact remains a central focus, 2020 data will spotlight community impact and what it truly means to be “self-made” in the tech and innovation space.

24. KEC Ventures

Based in New York City, KEC Ventures was founded by entrepreneurs from different ethnic backgrounds and industries. This unique blend of leadership gives KEC Ventures the ability to discover and support early-stage startups founded by entrepreneurs belonging to minority groups.

MaC Venture Capital LGBT Entrepreneur Startup Finance Business Finance Lesbian Gay LGBTQ Professional Community OutBuro

25. MaC Venture Capital

We help entrepreneurs bring the future into focus to find their breakthrough moment. Our proven track record of 100+ investments has unlocked growth opportunities through capital, advisement, and relationship building. We are the result of the merger between successful Los Angeles and Bay Area based Seed funds, Cross Culture Ventures and M Ventures. We invest in technology companies that create infectious products that benefit from shifts in cultural trends and behaviors in an increasingly diverse global marketplace.

Harlem Capital Partners LGBT Venture Capital Startup Funding LGBTQ Entrepreneur Business Owner Finance Resource Gay lesbian African American Black Professional Community OutBuro

26. Harlem Capital Partners

Based in New York, Harlem Capital Partners (HCP) is a venture capital firm that focuses on early-stage, minority-owned startups. Its mission is to invest in 1,000 of these types of startups within the next 20 years, with half of these being women- and minority-owned startups. HCP focuses its investments towards startups that aim to enhance financial, marketing, and operational experiences. As a solution to this challenge, HCP partners with entrepreneurs who have revenue-generating tech-enabled products or services that can leverage our financial, marketing and operational experiences to implement key processes to go from selling products to running a sustainable business.  

Dreamit - LGBT Venture Capital LGBTQ Entrepreneur Startup Funding Angle Investor Gay Business Owner Investing Finance Lesbian Professional Community OutBuro

27. Dreamit Ventures

Dreamit Ventures prides itself not only one of America’s top startup accelerators but also a catalyst of diversifying startup ownership in the country, particularly those that focus on developing Health and Urban Tech solutions.

Its partnership with Comcast Ventures aims to provide financial support and mentorship to minority-owned startups with ready-made products to help them scale through their Dreamit Access program.

28. Humble Ventures

Humble - LGBT Venture Capital Funding Resources LGBTQ Entrepreneur Startup Gay Business Owner Finance Lesbian Professional Community OutBuro

Since it was founded, Humble Ventures has invested in 47 different startups, 70% of which are those established by women and entrepreneurs belonging to minority groups. These theCut, The Mentor Method, and KweliTV. Humble Ventures’ goal is to bring to innovative startups collective human, financial, and technical resources for them to launch and scale.

We focus on diverse entrepreneurs that are solving problems for the fastest growing demographic segments. We believe that diverse entrepreneurs provide opportunities for disproportionate returns and represent the markets of the future. We know that diverse audiences are tied inextricably to the future of cities. These audiences require responsive healthcare, access to wholesome food, economic stability, education, safe neighborhoods, and tight social support to create an environments for them to thrive.

29. Founders First Capital Partners

Founders First Capital Partners - LGBT Venture Capital Funding Resources LGBTQ Entrepreneur Startup Gay Business Owner Finance Lesbian Professional Community OutBuro

Founders First Capital Partners is a venture capital firm founded by Kim Folsom with the goal of providing capital and support to startups owned by women, entrepreneurs from minority groups, and military veterans.

We fund service-based companies generating between $250K and $5M in annual revenues typically led by minority, military veterans, or woman founders. We offer Revenue-based investment (“RBI”), a new form of business financing, distinct from the preferred equity structure most VCs use and more flexible than traditional bank debt.

Its goal is to help startup founders not just launch a successful business, but also one that can be carried from one generation to another.

Valmo Ventures - OutBuro LGBT Entrepreneur Startup Angel Investor Venture Seed Capital Investing Funding Gay Professional Network Community GLBT Lesbian Bisexsual Queer

30. Valmo Ventures

Valmo Ventures is a venture capital firm founded by Valerie Mosley, a successful entrepreneur who’s made it her mission to help under-represented startup founders grow both their self-worth and net worth.

In line with this, Valmo Ventures’ mission is to create, advise, and partner with startups to transform them into valuable and profitable assets to society as a whole. Valmo Ventures creates, collaborates, and invests in companies, assets, and efforts that add value to portfolio returns and add value to our society. We believe that when we advise, invest in, and collaborate with bright, like-minded, and like-hearted individuals, extraordinary results are possible.

31. Base Ventures

While Base Ventures is still a relatively young venture capital firm, it’s already making a mark as far as bridging the gender, and ethnic gap observed among startups in the country. Already, it has raised multi-million dollar funding for startups like StyleSeat and Balanced Payments.

Much of the success of Base Ventures is owed to its founder and Managing Director, Erik Moore. A seed investor of Zappos.com, Moore is recognized as one of the top 25 Most Influential Black in Tech and is driven by his desire to change the world by investing in young entrepreneurs.

32. Precursor Ventures

Precursor Venture Capital - LGBT Venture Capital Seed Funding Angel Investor Gay Business Owner Resources Lesbian Entrepreneur Startup Finances Community OutBuro

Precursor Ventures is a venture capital firm that provides funding to pre-seed startups developing B2B and B2C software applications and services, and connected hardware. Although it’s one of the lesser-known firms, Precursor Ventures has willingly taken on the mission to ensure startup founder from diverse backgrounds are given equal opportunity to receive funding to grow and scale their businesses.

PHILOSOPHY

Precursor Ventures was founded with one simple premise. It is our belief that all entrepreneurs, regardless of background, benefit from having an institutional investor to help them scale and grow their company from the very beginning. We have built the entire firm around this premise that helping entrepreneurs get started and scale will be our life’s work. To that end, we have six core principles that drive our decisions and strategy:

We want to invest in your first institutional round of investment. We do not have requirements for traction or metrics. We want to be part of the company as early as possible. We are unafraid to back unproven, first-time entrepreneurs; unproven is not the same as incapable. We believe that the greatest returns in venture come from entrepreneurs who are capable but have not yet had the opportunity to show the world their talents and capabilities. We aggressively back entrepreneurs who have something to prove. We hold ourselves to high standards in terms of the diversity of founders we back and support. We are committed to investing in founders who represent a wide variety of backgrounds in terms of gender, race, background, academic experience and life circumstances. We are patient because building meaningful companies takes time and the rewards are great for those who participate in the entire journey. Building great companies takes time. There are no shortcuts and we know that the journey will be long but the rewards are worthwhile. We focus on long-term thinking. We value intellectual curiosity and open thinking. The best companies are built by curious founders who question everything and are open to thinking about new ways to tackle problems. We invest in early-stage companies in the San Francisco Bay Area, New York, and Toronto. We are willing to consider other geographies, but we focus our energy in these locations.

No Equity Lending and Cash Flow Funding

33. Excel Capital ManagementExcel Capital - OutBuro LGBT Entrepreneur Startup Angel Investor Venture Seed Capital Investing Funding Gay Professional Network Community GLBT Lesbian Bisexsual Queer

Excel Capital Management is a proud supporter of the LGBT community, and we are here to help with all of your business funding needs! For more information on Excel and the funding solutions we offer, check out our Solutions page and APPLY NOW! For even faster service, contact one of our funding specialists TODAY at 877-880-8086

34. Wells FargoWells Fargo - OutBuro LGBT Employer Reviews Rating Diveristy Recruiting Jobs Company Sexual Orientation Policy Gay Professional Network Employee Advocacy Lesbian Queer Bisexual

Wells Fargo a national leading small business lender for eleven years and they are dedicated to supporting the business needs of the LGBT entrepreneur client community. This dedication includes being a founding corporate partner of National Gay and Lesbian Chamber of Commerce (NGLCC) and strong support for LGBT inclusion with their LGBT clients and their employees. As an employer, Wells Fargo fosters a culture in which all people and their individual differences are not only accepted but celebrated.  If you’re an LGBTQ+ employee of Wells Fargo rate them here.

Final thoughts

Being an entrepreneur is never easy.  But so worth it.  You can make inroads to attaining your entrepreneurial goals.  Be smart about who you partner with for funding.  It will be a long-lasting relationship not to be taken lightly.

Bear in mind there is not any failure, only feedback. Remember that there are organizations and persons which are pushing for diversity and that encourage LGBTQ and other diversity entrepreneurs.  One such organization is the National Venture Capital Association who has listed over 40 venture funds dedicated to diversity.  We are still reviewing all those companies to validate they are worthy of including in this list in a future update.

10 Tips for LGBT Startup Entrepreneurs - OutBuro LGBT Employer Reviews Rating Gay Professional Network Lesbian Business Networking GLBT Diveristy Company Queer Bisexual Transgender

10 Tips for LGBT Startup Entrepreneurs

An increasing number of lesbian, gay, bisexual, transgender and queer professionals are exploring the potential of starting their own company to become an LGBT entrepreneur. It sounds like an ideal job to work for yourself, to have no ceiling on your income potential, set your own daily schedule and do something you are passionate about and really believe in. And who knows. From being a dog groomer to dreams of becoming the next billion-dollar tech startup. The possibilities are almost limitless.

However, the harsh reality is, being self-employed can quickly become a burden and headache if not tackled in the right way. 20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 30% of small business owners fail in their 10th year in business. Such statistics are scary, but it reinforces the importance of knowing the key principles of entrepreneurship before setting off on an expensive venture.

1. Passion Drives

When looking at all the of hard work, long hours and financial commitment being passionate about what the business, industry, and clients can go a long way to sustain you during the startup and down times. Check out our article titled “Want to be an LGBT Entrepreneur? How to Start Business

2. Research It

No matter how much passion you have for something you also need to be somewhat convenienced that there is a market for your business. Check out our article titled ““>Market Research for LGBT Business Startups for a bit more information.

3. Support

Hopefully, you have the family, a life partner, and friends who believe in your vision and support you in any way they can. If not already consider joining your local LGBT Chamber of Commerce in your area. It’s a great way to not only stir business opportunities but also to network with peers for business coaching success support. Consider finding a mentor in that group or via OutBüro to be a business coach mentor either overall or within a particular area such as marketing or finance. As a small startup, you may be very knowledgeable about what you do, but as a business owner starting out you have to wear many hats and do it all or pay for it to be done. Getting coaching guidance can help you be effective and cut valuable dollars from hiring others. If you have success and talent to share with a startup entrepreneur you may also consider being a mentor to someone else and help grow the LGBT business community.

4. You have a Life – Hopefully

Launching and growing a business can be mentally and physically draining, in addition, to financially which all can add a huge amount of stress to your life. You have to take care of yourself first, your family, love and social relationships. Schedule time for the gym or other physical activities and outings with those that love and support you. If needed actually schedule this time so that your calendar app automatically reminds you of these important activities. This will aid in maintaining a balanced life and so can give your business all your energy when it’s time to focus on that. Ensure the business doesn’t 120% consume you.

5. Start Local/Small

Every business has to start small. Even Facebook and LinkedIn had small beginnings. Check out our article titled “The LGBT Entrepreneur10 Steps to the Perfect Business Plan”. Every business no matter the industry needs to prove there is an existing market. To get a good idea of your market review our article titled “Market Research for LGBT Business Startups”.

6. Cash Flow

Entrepreneurs have varying definitions of what this means, but at its core, cash flow is the most important factor in your early business’ success or failure. Without a positive cash flow, even the best business ideas will be bankrupt.

7. Lean and Mean

It’s easy to churn through cash in the business start-up stage when new entrepreneurs put their valuable early limited funds toward things like a cool downtown office space and provide employee perks that make working in the office seem like a trip to Dave and Busters.

It’s important to keep overhead low, especially during the startup phase. Keep a lean team and don’t sign up for unnecessary ongoing expenses. There are many ways to raise business capital. For ideas take a look at our article titled “How to Raise Money for Your LGBT Owned Business”. Check out our resource article titled “LGBT Entrepreneur Startup Venture Capital Funding” for a listing of venture capital who are LGBT themselves and/or open to business owners just like you.

8. Simple and Focused

So many entrepreneurs get exuberant about investing in trademarks, patents, complicated legal agreements, and company structures. However, these can drain your funds and time when you may be better off focusing on building your product or service, creating brand recognition in the most cost-effective manner you can, and an initial customer/client base.

9. Minimum and Grow

Craw, walk and then run is a great way to consider launching your business. In business, this is also termed as the minimum viable product (MVP), which is a product/service with just enough features/services to gain early customers and provide them with the value they appreciate and that you can do well. During this time is where you’ll acquire valuable feedback from the clients/customers/users to hone and grow your product/service.

10. Just Enough Talent

As an entrepreneur, you have to do so many jobs. It’s tempting to add staff, but really consider what a minimum viable team looks like before investing in employees. Check out our articles titled “LGBT Entrepreneurs Hiring Your First Employee”, and “How to Build a Great Team in Your LGBT Owned Business”.

We hope you found this and the related articles helpful. Do you have other tips? Please comment below. Join an OutBüro to discuss topics of related business ownership with your peers. If you don’t see a group you’d like, start it or use the Support | Contact Us form to request a new group be created. You may further use your OutBüro profile to post blog articles about your business or industry and content for all LGBT professionals and entrepreneurs to learn from. It is your community. Become an active part of it today.

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