Welcome to Wednesday

97.7%.

That’s the customer retention rate at AvidXchange since 2002.=

Last night, I dropped by StartupGrind in Charlotte hosted by my friend Jeff Brokaw, investor at SierraMaya360. He interviewed Chris Elmore on his ascent from history major to multi-million dollar payments entrepreneur taking over the city’s Music Factory with a new high-rise and damn good IT recruiting.

Before kicking off the conversation, Jeff called me up to speak about ThePLUG, summoning me to the front of the room in a church like fashion when the reverend calls folks out randomly to give their testimony.

Chris dug deep into the making of an enterprise, recalling the early days of running a company with co-founders for two years without any revenue, providing for a family, and shifting the product line at the petition of customer feedback.

My takeaway from the conversation is that nimbleness in entrepreneurship, even when you think you’ve gotten it right, is a requisite for survival.

Intentional.
Sherrell

P.S. Want to help expand the voice of blacks in tech? Forward this email to a friend when you tap that button below.

 

 

Morgan Stanley Joins the National Urban League and Others to Provide Capital to Black Founders

The fund, based in Cleveland, Ohio, is a three-year program that provides minority business owners access to capital, offering 50 loans totaling $8 million, as well as pre- and post-loan counseling, to ensure the success of those small business borrowers.

 

CAROLYN M. BROWN | BLACK ENTERPRISE

 

 

Bellevue College Partners with Coding Dojo to Provide Tech Training for Underserved

As part of the White House’s TechHire communities, the initiative has brought together local employers, government leaders, and workforce development organizations, with educational support from Coding Dojo and Bellevue College to facilitate training and hiring of local residents.

 
KAREN MATTHEE | CRAIN’S SEATTLE

 

Diversity in Tech Too Often Means ‘Hiring White Women.’ We need to Move Beyond That

Aubrey Blanche of Atlassian opines on companies dominated by men hiring women from similar racial and socioeconomic backgrounds not equating developing diversity in a meaningful sense.

 
AUBREY BLANCHE | RECODE

 

AIA Gives $1 Million to Boost Diversity in Architecture

AIA board of directors announced it will put $1 million towards its Diversity Advancement Scholarship, a fund that aims to improve diversity, inclusion, and equity for people entering the field.

 
THE ARCHITECT’S NEWSPAPER

 

Color Me Bad? Scientist Calls Negative Stereotypes a ‘Threat’ to Black Health

This doctor was the first to lead an experimental study about how stereotypes – specifically “healthcare stereotype threat” – is directly linked to health outcomes among marginalized groups, including black people.

 
CHANDRA THOMAS WHITFIELD | NBC NE

 

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