Come hear about a lower risk, alternative path to close the wealth gap via entrepreneurship – a different kind of entrepreneurship – entrepreneurship through acquisition – where entrepreneurs can purchase an existing cashflow generating business from a retiring (often baby boomer) business owner.
This is a great opportunity for wealth transfer at a time when baby boomer owners are retiring in droves and we have the tools to train under-represented entrepreneurs (BIPOC, Women, LGBTQ etc.) on this path of entrepreneurship where barriers to access to capital can be removed to fund these acquisitions. Most impact investors have been looking at VC investing to close the gap via entrepreneurship, overlooking the potential of a PE/Buyout type model to get to a wider social and financial impact return.
We will further discuss how such a model can help create an evergreen fund made up of BIPOC and Women entrepreneurs as LPs who can continue to scale impact in this model through a pay-it-forward structure.
