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Guilas Arene
HRDM 1-2

April 12, 2024

Introducing Pathways to Inclusive Entrepreneurship
Harvard Business Scholl
Episode one: Pathways to Inclusive Entrepreneurship: The State of
Inclusive Entrepreneurship Harvard Business School
1
...

Inclusivity in entrepreneurship is crucial for fostering innovation, driving economic growth, and
creating a more equitable society
...

The main drivers of disparity in entrepreneurship stem from various factors, including access to
resources, networks, and opportunities
...
This disparity in funding can be attributed to biases within
the investment community, lack of representation in decision-making roles, and limited access to
networks that connect entrepreneurs with investors
...

- Bias: Investors may be biased against entrepreneurs from certain backgrounds, such as women
and people of color
...
Enumerate and explain elaborately the unique pithalls/roadblocks in inclusive
entrepreneurship
...
Underrepresented founders often lack access to these networks, making it harder
to get in front of potential investors
...

● Lack of Role Models:
Importance of Visibility: The absence of successful underrepresented founders in the
entrepreneurial space can be discouraging
...

This can stifle their ambition and confidence
...
This can lead to underrepresented founders being judged more
harshly or their potential underestimated, even if their ideas are equally strong
...
Explain the unique qualities and characteristics that help the entreprenuers break
through
...
They don't get things handed to them easily and have to overcome many
obstacles
...

● Resourcefulness: Because they don't have the same access to networks and resources as
privileged founders, underestimated entrepreneurs need to be resourceful
...

● Ability to navigate adversity: Underrepresented founders often face biases and
stereotypes
...
The video mentions techniques for reframing how people are perceived to
overcome these biases
...
What are the ways to foster equitable ecosystem in the world of entrepreneurship and
Explain each answer?

● Increase access to capital for underrepresented founders
...
Investors should prioritize investing in underrepresented founders and hold
themselves accountable for meeting metrics around expanding their networks
...
Investors often make snap judgments about founders based
on background and cultural context
...

● Build a more inclusive entrepreneurial network
...
Universities and
incubators can play a role in lowering barriers to entry and fostering a sense of belonging
...
Showcasing successful entrepreneurs from a variety of
backgrounds can help to dispel the myth of meritocracy and inspire underrepresented
founders
...
Enumerate and explain elaborately the problems and answers on capital allocations
...

Despite being a significant portion of the population, they only receive a fraction of venture
capital funding
...

-Pattern-matching biases in venture capital hinder investment in diverse entrepreneurs
...

Solution
-Investment in Diverse Entrepreneurs: Funds like Harlem Capital are dedicated to investing in
diverse entrepreneurs
...

-Diversifying VC Teams: Encouraging established funds to diversify their teams can lead to
more equitable investment decisions
...

-Increasing Representation: By increasing the representation of diverse decision-makers within
the VC ecosystem, biases can be mitigated
...

2
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This network bias tends to favor individuals who are
already part of established circles, typically dominated by white males
...

This can lead to overlooking talented founders from underrepresented groups who may
have different backgrounds or approaches
...
explain the strategic directions of capital and it access to capital for underestimated
founders?
Strategic Directions for
● Focus on Diversity in Investment Teams: The video likely emphasizes the importance of
building investment teams with a wider range of backgrounds
...

● Track Diversity Metrics: It's likely the video highlights the need for Venture Capital
firms to track the diversity of their applicant pool
...

4
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It encourages
investment in diverse VC firms
...
When these stakeholders work together towards a common goal of
promoting diversity and inclusion in the funding ecosystem, they can amplify their impact and
drive meaningful change
...
Enumerate and explain the inspiration of the people that become an entrepreneurial
founder
...
Lisa Skeete Tatum: As a chemical engineer, she faced career inflection points and
eventually transitioned into venture capital
...


3
...


5
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Julia Cheek: After facing frustrations and financial burdens within the healthcare
system, Julia identified a need for improvement
...

Avni Patel Thompson: With a background in working for large companies like Procter
and Gamble, Starbucks, and Adidas, Avni's perspective shifted when she became a
parent
...

Sheila Lirio Marcelo: Sheila's entrepreneurial journey began with Care
...
Witnessing the transformative power of technology in improving lives,
she later founded Proof of Learning to empower individuals through education in
emerging technologies like Web3 development
...

However, his interest in the tech industry grew, leading him to join a payment startup
...


2
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Role models and support networks are indispensable pillars for aspiring entrepreneurs
embarking on their ventures
...
Mentors provide invaluable advice, helping entrepreneurs avoid pitfalls and
make informed decisions, while supportive networks offer access to resources, connections, and
opportunities crucial for venture growth
...
) Explain why capital access is the toughest challenges that an entrepreneurial founder
may face and sight the solution for those challenges & explain
Access to capital is one of the most significant challenges for entrepreneurial founders,
particularly for those who are female or from underrepresented backgrounds
...
Female and minority founders often face greater difficulty in securing funding

compared to their male or white counterparts
...

To address these challenges, encouraging diversity among investors can lead to a broader
range of perspectives and a better understanding of the challenges faced by underrepresented
founders
...

4
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The biggest "Aha" moment for entrepreneurial founders often comes when they achieve a
profound realization about their venture or themselves that fundamentally shifts their perspective
or strategy
...

For many founders, this moment occurs when they achieve product-market fit, meaning
they discover a strong demand for their product or service in the market
...
When they finally see tangible evidence of customer interest and
satisfaction, it validates their vision and provides a clear path forward
...
This could be securing a crucial partnership,
landing a major client, or navigating a crisis that threatened the survival of their business
...


Last question: AIM TO STIR VISIONARY THINKING
What doest it mean for you?
For me, stirring visionary thinking means fostering an environment where curiosity is
celebrated
...
I value diverse perspectives and experiences, understanding
that they enrich our worldview and inspire creative problem-solving
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It’s through our mistakes that we
often learn the most

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