Latest / The Steve Harvey Morning Show / Black Owned Investment Firm for Black Entrepreneurs, Collab Capital. Managing Partner Justin Dawkins

Transcript

Black Owned Investment Firm for Black Entrepreneurs, Collab Capital. Managing Partner Justin Dawkins · The Steve Harvey Morning Show

• 0:06
  Speaker 1: Welcome to Money Making Conversation. I am your host, ra
• 0:09
  Speaker 1: Sean McDonald. I just want to everybody know it's important
• 0:11
  Speaker 1: to you understand that everybody travels a different path to success.
• 0:14
  Speaker 1: That's really important to understand that because your brand is
• 0:17
  Speaker 1: different and their brand is different, and each one of
• 0:19
  Speaker 1: you face challenges in life that are different. So stop
• 0:22
  Speaker 1: reading other people's success stories, really and start writing your own.
• 0:25
  Speaker 1: Start developing your plan of activation because you can be
• 0:28
  Speaker 1: motivated by their success, because their stories can offer direction
• 0:31
  Speaker 1: and help you reach your goals. But it's through your
• 0:33
  Speaker 1: plan and your effort that you're gonna make it. It's
• 0:36
  Speaker 1: through your dream. It's your dream. I can't my dream
• 0:38
  Speaker 1: is not your dream. Okay, I understand that, and you
• 0:41
  Speaker 1: get there a lot quicker. My next guest is Justin Dawkins.
• 0:44
  Speaker 1: He most recently launched and serving his managing partner for
• 0:47
  Speaker 1: Collap Capital and investment firm that focuses on providing black
• 0:51
  Speaker 1: entrepreneurs to social, human and financial capital. Can I repeat
• 0:54
  Speaker 1: that the social human If I had your capital, they
• 0:57
  Speaker 1: need to build profitable businesses. The goal is to health
• 1:00
  Speaker 1: solve to growing racial wealth gap in America. Please work
• 1:03
  Speaker 1: with the money making conversation long time, my friend Justin Dawkins.
• 1:07
  Speaker 1: How you doing, sir, I'm doing well. And to make
• 1:10
  Speaker 1: that little pivot in the chair, you know, so I
• 1:11
  Speaker 1: can really really look at you right quick, you know.
• 1:14
  Speaker 1: Because we're in the pandemic year. Man. The racial gap
• 1:17
  Speaker 1: we got further apart, unemployment got further apart. And Uh,
• 1:21
  Speaker 1: the COVID nineteen has made us to be and we've
• 1:23
  Speaker 1: been victimized by health and whether it's our past bad
• 1:27
  Speaker 1: health habits, but COVID nineteen is really attacked the black
• 1:30
  Speaker 1: community and the community of color. So how do we
• 1:33
  Speaker 1: come out of this? Because you said by the year
• 1:36
  Speaker 1: fifty three, the medium network for black households will be zero. Yeah. Um, well,
• 1:42
  Speaker 1: let's let's start with with the elephant in the room.
• 1:45
  Speaker 1: Uh was a wake up call for everybody. It was
• 1:49
  Speaker 1: an opportunity. You were forced to sit down, you know,
• 1:53
  Speaker 1: as my grandmother would say, and some of my elders
• 1:55
  Speaker 1: would say, Um, if you don't if you don't rest,
• 1:58
  Speaker 1: if you don't sit down your body or sit you down. Yes,
• 2:00
  Speaker 1: and that to me is where where Black America is experienced. Um,
• 2:04
  Speaker 1: and a lot of other communities within the country. Uh.
• 2:07
  Speaker 1: And it's exacerbated. It's highlighted and illuminated what has already
• 2:11
  Speaker 1: been bad or wrong or where there were disparities, we
• 2:15
  Speaker 1: were seeing it more. Uh And I think now is
• 2:18
  Speaker 1: the time to be hyper intentional. I think you're intro
• 2:22
  Speaker 1: was eloquent and elegant and point, and it was you
• 2:26
  Speaker 1: gotta establish these dreams. We got to start with baby steps,
• 2:30
  Speaker 1: smart goals, you know, to take those big dreams and
• 2:32
  Speaker 1: break them down into pieces things as that we can
• 2:34
  Speaker 1: manage and do. Um. But that's where that's where it
• 2:38
  Speaker 1: starts for me going forward, for one for black entrepreneurs
• 2:41
  Speaker 1: and innovators, is take those big grand ideas, break them
• 2:44
  Speaker 1: down into smart goals and get to work. Well you
• 2:47
  Speaker 1: know that that that the key word, get to work,
• 2:49
  Speaker 1: you know. And so it's been interesting year because as
• 2:53
  Speaker 1: as you move forward, you know, it's not the pandemic,
• 2:55
  Speaker 1: it is almost put like everybody on the new welfare
• 2:58
  Speaker 1: system because everybody's been asking for hand out. Everybody has
• 3:01
  Speaker 1: been complaining that, you know, they can't find a job
• 3:04
  Speaker 1: that they want, maybe the job that they need. Because
• 3:06
  Speaker 1: in the end, you want to be able to do
• 3:08
  Speaker 1: something that makes you happy. You know. That's why we've
• 3:10
  Speaker 1: become entrepreneurs. We generally left jobs and we didn't feel
• 3:14
  Speaker 1: satisfied in and start relying on our own personal skills.
• 3:17
  Speaker 1: We'll just the motivating factor, for one, for African Americans
• 3:22
  Speaker 1: to change the game for themselves. I think the primary
• 3:26
  Speaker 1: motivating factor is taking into taking our own destiny and
• 3:32
  Speaker 1: putting it in our own hands. I think we've I
• 3:35
  Speaker 1: think we've looked for other communities and other people, whether
• 3:39
  Speaker 1: it be politicians, whether it be more fluent people. We've
• 3:43
  Speaker 1: always looked at them to figure it out for us.
• 3:46
  Speaker 1: Um and you know that that was one of the
• 3:49
  Speaker 1: greatest lives ever told. Uh is that at the end
• 3:51
  Speaker 1: of the day, you've got to, you know, pull yourself up.
• 3:55
  Speaker 1: You do have to, um be wary of those that
• 3:59
  Speaker 1: promised things. So we have to be mindful of that
• 4:01
  Speaker 1: and look out for the traps. But ultimately we have
• 4:04
  Speaker 1: to center ourselves on our goals and what we want
• 4:08
  Speaker 1: to accomplish as a people. And that's a collective and
• 4:10
  Speaker 1: I think that's important. Well, there's so much important. Here's
• 4:13
  Speaker 1: an interesting thing. That's why I get to know. When
• 4:16
  Speaker 1: people give millennials a bad rap. They always say millennials
• 4:19
  Speaker 1: want to skip steps. You know, well, I guess what
• 4:22
  Speaker 1: you know, when you looked at me growing up, because
• 4:24
  Speaker 1: I'm older than you, you know, I was, I was
• 4:27
  Speaker 1: somewhat hindered. I was told to play a certain role
• 4:30
  Speaker 1: in life, to be a certain person that you know,
• 4:33
  Speaker 1: Entrepreneurship wasn't even pitched to me, wasn't even thought of
• 4:36
  Speaker 1: in my process. You know, I came from the hood.
• 4:38
  Speaker 1: That was my number one guard was just get out
• 4:41
  Speaker 1: the hood. You know. Then when I got my degree,
• 4:42
  Speaker 1: I was supposed to get married, and then I was
• 4:44
  Speaker 1: supposed to settle down and be happy in the corporation.
• 4:47
  Speaker 1: Millennials don't think that way. They believe in mentors. They
• 4:50
  Speaker 1: believe in skipping steps. It's possible. What's wrong with skipping
• 4:53
  Speaker 1: the step? If somebody can show you you can avoid that.
• 4:56
  Speaker 1: That's what mentorship is all about. Talk about a bad
• 5:00
  Speaker 1: rap that millennials get because they have more access to tech,
• 5:04
  Speaker 1: they have more access to clear understanding of social media,
• 5:08
  Speaker 1: a better understanding of marketing, and a better understanding of
• 5:11
  Speaker 1: what an entrepreneurship me and an entrepreneur is not just
• 5:14
  Speaker 1: a it's bigger than It's more than just a running
• 5:16
  Speaker 1: the business. It's running the brand. Yeah, I think the
• 5:21
  Speaker 1: biggest thing, and I think anything that on here, I'm
• 5:23
  Speaker 1: a millennial. I'm at the very very beginning of it. Uh,
• 5:27
  Speaker 1: and uh, we get a bad rap because we don't
• 5:30
  Speaker 1: we're not necessarily we're not aware of where we actually
• 5:34
  Speaker 1: fit in in the spectrum of time and influence. And
• 5:38
  Speaker 1: so we're actually in the middle. Right. We were the
• 5:41
  Speaker 1: very first generation, in the last generation in some ways. Right,
• 5:45
  Speaker 1: So we were the the last generation to understand what
• 5:49
  Speaker 1: analog meant. Right. We we were born analog, grew up digital.
• 5:54
  Speaker 1: So we fit this really interesting space, so where we
• 5:57
  Speaker 1: know what a cassette tape is and the VCR is,
• 6:00
  Speaker 1: but we also understand streaming content Netflix and DVD and
• 6:04
  Speaker 1: digital streaming. Right, we understand both of these worlds and
• 6:08
  Speaker 1: how those two things eventually came together. And so the
• 6:12
  Speaker 1: bad rap is we none of us have ever been
• 6:15
  Speaker 1: here before, right, And what what wisdom is supposed to do?
• 6:20
  Speaker 1: The purpose of wisdom is to be transferred. That's what
• 6:24
  Speaker 1: wealth is all about, Right, It's about having something to transfer.
• 6:29
  Speaker 1: And one of the things we don't we don't necessarily
• 6:32
  Speaker 1: give enough credit for, give enough value to, is information. Right,
• 6:36
  Speaker 1: is the things that we've learned, and millennials have just
• 6:40
  Speaker 1: done a great job, in my opinion, humble opinion, of
• 6:44
  Speaker 1: taking the lessons that we've learned, whether intentionally from our
• 6:47
  Speaker 1: from our elders or unintentionally, and applied it to what
• 6:51
  Speaker 1: it is the lives that we want to live and
• 6:52
  Speaker 1: the things that we want to create. To me, that
• 6:55
  Speaker 1: is the greatest wealth generation or wealth practice that we
• 7:00
  Speaker 1: have actually been able to transfer from generation to generation.
• 7:03
  Speaker 1: And I think that's a great place to start to
• 7:05
  Speaker 1: continue to build in other areas. You know, it's really
• 7:07
  Speaker 1: interesting when you were talking about you know, you was
• 7:09
  Speaker 1: born in the analog, and you know, I grew up
• 7:11
  Speaker 1: in the A track A track and the rotary dial
• 7:16
  Speaker 1: telephone and then pushed the touchtone. You know, that was
• 7:19
  Speaker 1: a lot to be compressed. Uppers that baby, come on now.
• 7:23
  Speaker 1: But the last twelve years, when you've seen the the
• 7:26
  Speaker 1: iPhone come out, you know, we've seen technology just you know,
• 7:29
  Speaker 1: I think that's that's at warp speed. I guess you
• 7:32
  Speaker 1: could use the terminology because of the fact that you
• 7:35
  Speaker 1: know you can heal the c D came out, then
• 7:38
  Speaker 1: it's basically outdated because its streaming. Okay, so right now,
• 7:42
  Speaker 1: you know the streaming services have told you why do
• 7:44
  Speaker 1: you need those CD player? Why do you need to
• 7:46
  Speaker 1: buy CDs? And so it has changed the music game
• 7:48
  Speaker 1: because you have more more more independent artists. They use
• 7:51
  Speaker 1: their social media to drop their own sales and things
• 7:53
  Speaker 1: like that, and so that technology. Man, you know, I'm
• 7:57
  Speaker 1: looking at collab Capital. Talk about in this new era,
• 8:00
  Speaker 1: you know, because trying to do what you're trying to do,
• 8:02
  Speaker 1: what I was growing up may not have been possible,
• 8:05
  Speaker 1: but you can do it now. Talk about the whole
• 8:07
  Speaker 1: basis and the reason that that that that company was founded. Yeah,
• 8:12
  Speaker 1: I love telling our story. Uh. Collap Capital was birthed
• 8:16
  Speaker 1: out of three good friends who started their companies around
• 8:20
  Speaker 1: the same time I started my tech startup in two
• 8:23
  Speaker 1: thousand and twelve. Jewel Burg Solomon she started hers in
• 8:26
  Speaker 1: two thousand and twelve, and Barry Givings, our third partner
• 8:30
  Speaker 1: who really is the brainchild of bringing us together, he
• 8:33
  Speaker 1: started his business around the same time. So about six
• 8:36
  Speaker 1: months we were all starting our our business in a
• 8:38
  Speaker 1: very young tech entrepreneurial city, Atlanta, twelve or twelve years ago,
• 8:46
  Speaker 1: excuse me, eight years ago was um just what we
• 8:49
  Speaker 1: call like a fledgling tech hub. Like we were just
• 8:52
  Speaker 1: starting to form, and we realized that as we were
• 8:56
  Speaker 1: building our businesses, UH, it would have been great to
• 8:59
  Speaker 1: have a greater community and connectivity to those that could
• 9:03
  Speaker 1: write checks, right, so investors, um, those that could be
• 9:06
  Speaker 1: our customers for our ventures UH and really the right talent.
• 9:11
  Speaker 1: And so we realized that as we're going our businesses,
• 9:13
  Speaker 1: that when we exited those businesses and we were to
• 9:16
  Speaker 1: whatever height level of success, we want to make sure
• 9:20
  Speaker 1: that the next group of innovators, tech entrepreneurs, brand builders,
• 9:24
  Speaker 1: they actually had some shoulders to stand on. They didn't
• 9:27
  Speaker 1: have to start where we started. Um, they were able
• 9:29
  Speaker 1: to start where we left off. And so we built
• 9:32
  Speaker 1: Collapse Capital to be a bridge for as far as knowledge,
• 9:37
  Speaker 1: social capital, and financial capital to help a lot of
• 9:41
  Speaker 1: early stage ventures and innovators avoid some of the traps
• 9:46
  Speaker 1: um and some of the things that they're likely going
• 9:47
  Speaker 1: to run into, but then also UH to catalyze more
• 9:51
  Speaker 1: of the communities to get behind some of the brands
• 9:53
  Speaker 1: and the companies that they're building. So that was kind
• 9:56
  Speaker 1: of the quick abridge version. But that's that's at the
• 9:58
  Speaker 1: epicenter of what we do. Okay, let me just read
• 10:01
  Speaker 1: this Withlberate. The team announced the launch of creating the
• 10:04
  Speaker 1: largest fund for Black founders in June Juno this year,
• 10:08
  Speaker 1: collaborat an entity Founders to support black owned businesses in
• 10:11
  Speaker 1: a way that would create and sustained wealth within the
• 10:14
  Speaker 1: Black community. I ask you this, and this is an
• 10:16
  Speaker 1: honest question. What is the Black community? Is it the
• 10:19
  Speaker 1: neighborhood or is it people? Is the movement? What is
• 10:22
  Speaker 1: the Black community? That's a great question. I wish I
• 10:26
  Speaker 1: had like a more eloquent answer. Um, I will say
• 10:30
  Speaker 1: that you know, when I when I think about Black,
• 10:32
  Speaker 1: I think about the diaspora, and particularly the portion that's
• 10:35
  Speaker 1: here on this continent. Right, that's in America. Many of
• 10:39
  Speaker 1: us are descendants of UM slaves and one way or
• 10:42
  Speaker 1: another UM or another form of immigration. Uh so uh
• 10:46
  Speaker 1: not another form of immigration or immigration. Slavery is not
• 10:50
  Speaker 1: a form of immigration, to be clear service right right? Um?
• 10:55
  Speaker 1: So when I think about Black, I think about the
• 10:59
  Speaker 1: mind set, and I think about the community. I think
• 11:01
  Speaker 1: about a group of people. Uh that was given much
• 11:06
  Speaker 1: and yet we still have to find a way and
• 11:08
  Speaker 1: make away. Uh. And um that is at the epicenter
• 11:13
  Speaker 1: and then from there it obviously fragments and becomes a
• 11:16
  Speaker 1: little bit more diverse depending on you know where you
• 11:19
  Speaker 1: were able to do that. So the Southern um Black
• 11:23
  Speaker 1: individual is going to have a different mindset than the
• 11:25
  Speaker 1: Northern Black individual. But we're still a part of a
• 11:28
  Speaker 1: greater community of folks who are who are connected by blood. Honestly,
• 11:33
  Speaker 1: UM in a in a very unique way, and we
• 11:35
  Speaker 1: were challenged in charge to um continue to find a
• 11:38
  Speaker 1: way to move forward despite the history. It's finally here
• 11:41
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  Speaker 1: free auto dot ai. That's O T T E R
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  Speaker 1: dot ai. You know, we did from a financial percent standpoint,
• 13:42
  Speaker 1: of the banks that have closed in the country have
• 13:43
  Speaker 1: closed in black neighborhoods. That's a black neighborhood. That's why
• 13:46
  Speaker 1: I talk about community. Now we're gonna go back to
• 13:48
  Speaker 1: the black neighborhood. We're we're if that's what we're talking about.
• 13:52
  Speaker 1: How did one invest in the black neighborhood to uplift
• 13:57
  Speaker 1: you know, we always use these terminal the cream jobs
• 13:59
  Speaker 1: in the black community. That's what I always saying, what
• 14:01
  Speaker 1: what Because there's a difference between a community, which you
• 14:04
  Speaker 1: can be fluid, and a neighborhood, which is an actual
• 14:07
  Speaker 1: physical location. Now I'm talking about the neighborhood. They're trying
• 14:12
  Speaker 1: to change the game, trying to create um tax about properties,
• 14:17
  Speaker 1: whether it's uh putting properties that can be taxed, which
• 14:21
  Speaker 1: in turn will give you better educational system, you know,
• 14:23
  Speaker 1: the city service systems and things like that. Really what
• 14:26
  Speaker 1: happens is white people do that, they come back in
• 14:28
  Speaker 1: the black neighborhood, they upgrade and they say, hey, black people,
• 14:31
  Speaker 1: you gotta roll or the taxes get too high that
• 14:34
  Speaker 1: they're forced to roll. So when when when you collapse
• 14:37
  Speaker 1: came on board, what do you what is the ultimate goal?
• 14:39
  Speaker 1: Because you said, like I said, by the year the
• 14:42
  Speaker 1: medium that it worked for black household with zero, how
• 14:45
  Speaker 1: do you get to that number in so it won't
• 14:48
  Speaker 1: be zero? Yeah, Well, we recognize that that's a great question.
• 14:53
  Speaker 1: We recognize that we are we are one pillar of
• 14:57
  Speaker 1: a multi institution that we need to build. UM. It's
• 15:01
  Speaker 1: it's not just about financial capital to innovators. We recognize
• 15:05
  Speaker 1: that there needs to be grassroots efforts. There needs to
• 15:07
  Speaker 1: be neighborhood initiatives. We need to continue to fight for
• 15:10
  Speaker 1: political representation so that laws can favor UM favorite black
• 15:14
  Speaker 1: businesses and black communities. UM. For for us, when we
• 15:18
  Speaker 1: think about the local neighborhood, we think about UM main Street, right.
• 15:22
  Speaker 1: We talk about Main Street and Law Street all the time,
• 15:24
  Speaker 1: especially during COVID. That's been a topic of conversation quite
• 15:28
  Speaker 1: a bit. UM. One of the things that we we
• 15:31
  Speaker 1: focus on with Main Street is the digitization, right, like,
• 15:34
  Speaker 1: how how are these businesses going to continue to compete
• 15:36
  Speaker 1: in a world with amazons and ubers and lifts and
• 15:40
  Speaker 1: all these other technologies seemingly disrupting their flow and operations.
• 15:44
  Speaker 1: How do they how do we make sure that those
• 15:46
  Speaker 1: businesses are digital? And what are the new businesses that
• 15:48
  Speaker 1: are going to come out of this this digital world?
• 15:51
  Speaker 1: And so when we think about main Street, I think
• 15:53
  Speaker 1: I reimagine Main Street being filled with innovators that are
• 15:57
  Speaker 1: building products and brands that are still able to employee.
• 16:00
  Speaker 1: All right, they's still um um influence property values and
• 16:05
  Speaker 1: hopefully there are these are neighborhoods and communities that are
• 16:07
  Speaker 1: owned by black people. Right. That's the that's the big,
• 16:11
  Speaker 1: big piece is our part, you know, our small part,
• 16:14
  Speaker 1: along with what black banks can do, along with other
• 16:18
  Speaker 1: high network individuals, real estate people. It's all in concert.
• 16:22
  Speaker 1: It's all a part of it. But if we do
• 16:24
  Speaker 1: it well, we'll be able to put some cornerstones with
• 16:28
  Speaker 1: some black innovators building great businesses that can employ people
• 16:30
  Speaker 1: from the neighborhoods, recent college grads, um et cetera, and
• 16:35
  Speaker 1: really start to build neighborhoods from the from the people
• 16:38
  Speaker 1: up again the neighborhood. You know, I'm really interested. You know,
• 16:40
  Speaker 1: I come from originally born in Houston, Texas. Field Forward
• 16:44
  Speaker 1: was my neighborhood, you know, and now they put a
• 16:47
  Speaker 1: giant freeway through there. But that was always the sign. Okay,
• 16:51
  Speaker 1: let's be really, the white people are coming once they
• 16:53
  Speaker 1: once they put Interstate through your neighborhood. That means they
• 16:56
  Speaker 1: have ramps that can get off. They didn't build that
• 16:59
  Speaker 1: because it was us, because that neighborhood was there before
• 17:01
  Speaker 1: they built the interstate. That means they've created traffic flow.
• 17:04
  Speaker 1: That means they eventually, uh, the people who are playing
• 17:07
  Speaker 1: these homes, they maybe fifty thousand, a hundred thousand, that
• 17:10
  Speaker 1: property value might go up to fifty d and fifty
• 17:12
  Speaker 1: to three hundred thousand, which means that those communities that
• 17:16
  Speaker 1: weren't prepared for that elevation and taxes will be disenfranchised again.
• 17:21
  Speaker 1: And so when I when I look at what you're
• 17:23
  Speaker 1: trying to do, your partners, what is the ultimate goal
• 17:26
  Speaker 1: to protect the black community or the black neighborhood? Let
• 17:30
  Speaker 1: me just say black community. What is the ultimate goal
• 17:33
  Speaker 1: to protect the black neighborhood? Because we say a lot
• 17:35
  Speaker 1: of great things justin you know, we say trying to
• 17:38
  Speaker 1: create jobs. You know, we're trying to create uh infrastructures
• 17:42
  Speaker 1: where you don't have to go out of your neighborhood
• 17:45
  Speaker 1: to generate revenue. That's good in theory, because but black
• 17:49
  Speaker 1: neighborhoods unbuilt like that. Then I'm built for buildings that
• 17:53
  Speaker 1: have multiple layers of stories. You know, they usually maybe
• 17:56
  Speaker 1: two stories at the most. And so how do we
• 18:00
  Speaker 1: check the black neighborhood? How should I say, I'm pointing
• 18:02
  Speaker 1: on you. How does the collapse capital capital protect the
• 18:05
  Speaker 1: black neighborhood? Great question, manywhere, But I ain't mad. I
• 18:11
  Speaker 1: love that I would just tell you something. I can
• 18:14
  Speaker 1: only hit you because I know who you are and
• 18:17
  Speaker 1: our true respect what you're trying to do. But it's
• 18:20
  Speaker 1: because when you and I saw at the front of
• 18:22
  Speaker 1: this whole, you know whether it's greenwood and kill a
• 18:25
  Speaker 1: mic and whether it's you know, see what cash app
• 18:28
  Speaker 1: is doing. Technologists telling you now we're in a mobile world.
• 18:32
  Speaker 1: We don't you don't need to bank in the neighborhood anymore,
• 18:35
  Speaker 1: but you need to bank with technology. And that's what
• 18:37
  Speaker 1: you guys are doing right now. That's why I'm hitting
• 18:40
  Speaker 1: with these questions because I'm just letting people know that
• 18:43
  Speaker 1: there's a different communications out there that we need to understand.
• 18:45
  Speaker 1: There's a black community and there's a black neighborhood. Now
• 18:48
  Speaker 1: the black community is gonna get right first. Now that
• 18:51
  Speaker 1: black neighborhood is going to continue to struggle until we
• 18:54
  Speaker 1: get the technology accepted in the black neighborhood. That's right,
• 18:58
  Speaker 1: And I think anything there on that hey, I mean,
• 19:00
  Speaker 1: when it comes to protecting the black neighborhood, it all
• 19:02
  Speaker 1: starts with knowledge. It starts with information, and we have
• 19:06
  Speaker 1: to be um open minded. I think one of the
• 19:09
  Speaker 1: things that we we we've done over over the years
• 19:12
  Speaker 1: as of people is sometimes we are apprehensive to accept technology.
• 19:17
  Speaker 1: You know, we we don't we don't trust it for
• 19:20
  Speaker 1: various various reasons, real reasons. But I think that there's
• 19:23
  Speaker 1: an opportunity as long as we have equity and parity
• 19:26
  Speaker 1: within ownership of technology. The more technology that we are
• 19:30
  Speaker 1: building and we own, uh, then we can start to
• 19:33
  Speaker 1: build those lines of trust. And three is we don't
• 19:35
  Speaker 1: have to rely on the facebooks of the world. We
• 19:37
  Speaker 1: don't have to rely on the Instagrams or the twitters
• 19:39
  Speaker 1: of the world to determine, you know, our financial outcomes
• 19:42
  Speaker 1: and the voices and the things that we want to
• 19:45
  Speaker 1: see represented. If we own those technologies, we're invested in
• 19:48
  Speaker 1: those technologies. Then we can influence how those things aren't,
• 19:52
  Speaker 1: how they're built, and how they grow, and our prevalent
• 19:55
  Speaker 1: and present in our communities. So knowledge transfer is the
• 19:58
  Speaker 1: very first things we have to We have to be
• 20:00
  Speaker 1: open to it. We have to be open to exploring
• 20:02
  Speaker 1: and learning, and then we have to get into a
• 20:04
  Speaker 1: position in place where we actually own some of it. Cool. Now,
• 20:06
  Speaker 1: then question, I've got to got to do this interview, Right,
• 20:08
  Speaker 1: They're gonna say, how do we get in touch with you?
• 20:11
  Speaker 1: You know when you say something like providing black founders
• 20:13
  Speaker 1: with both social and economic capital, they need to scale.
• 20:17
  Speaker 1: How does want to gain access or is it something
• 20:19
  Speaker 1: that once feels out an application you're going online? What
• 20:22
  Speaker 1: exactly is collab capital? Yeah, so we we are a
• 20:27
  Speaker 1: highly visible and highly accessible investment p UM. We do
• 20:30
  Speaker 1: focus on black innovators. So we are looking for technologies
• 20:34
  Speaker 1: in the future of work, UM, so think think about
• 20:38
  Speaker 1: how people will work in the future. Future of care, so,
• 20:42
  Speaker 1: how people will care for themselves and how we will
• 20:43
  Speaker 1: care for each other. UM in the future of education, right,
• 20:46
  Speaker 1: how we will learn and so those are our primary areas.
• 20:49
  Speaker 1: But we're happy to talk to founders across UM various
• 20:53
  Speaker 1: verticals and industries, particularly ones that we may not be
• 20:55
  Speaker 1: aware of, so we're always curious. UM. How people get
• 20:58
  Speaker 1: in touch with us is, like I said, we're pretty
• 21:01
  Speaker 1: easy to find. UM. This collab dot capital is our
• 21:04
  Speaker 1: website where you can learn more about our mission, our
• 21:08
  Speaker 1: team and what we're building. Uh and if you're if
• 21:10
  Speaker 1: you're interested, if you have a company, UH, there's a
• 21:12
  Speaker 1: few different forms and race links on that website you
• 21:16
  Speaker 1: can you can reach out to us and let us
• 21:17
  Speaker 1: know what you're thinking. UM. We also have social media handles,
• 21:22
  Speaker 1: so we're on Instagram and collab dot collaub dot capital
• 21:25
  Speaker 1: on Instagram and um on Twitter as well. So if
• 21:28
  Speaker 1: you just search for collab it's a you'll see three rings.
• 21:31
  Speaker 1: The three rings is are our logo and so we're
• 21:35
  Speaker 1: easy to find and we're always happy to talk to
• 21:38
  Speaker 1: innovators and those that are, you know, interested in helping
• 21:40
  Speaker 1: black innovators succeed. Well, I know, you know, like I said,
• 21:43
  Speaker 1: it was great. I wanted to get you on because
• 21:45
  Speaker 1: I saw you a long time, but I want to
• 21:47
  Speaker 1: bring you other two parts back on, you know, in
• 21:49
  Speaker 1: the first quarter, so we can just talk about because
• 21:51
  Speaker 1: that's really key, you know, they've just signed off on
• 21:54
  Speaker 1: and gotten the you know, the new uh pandemic financial
• 21:57
  Speaker 1: package rolling, and so a lot of people won't we
• 22:00
  Speaker 1: hopefully won't be thrown out of their homes and we
• 22:03
  Speaker 1: will not be do all these quote of our benefits
• 22:05
  Speaker 1: they gave them, you know, the laying the rental rental payment,
• 22:08
  Speaker 1: the laying your financial taxes from your payroll checks. All
• 22:13
  Speaker 1: that is come and do. And so in the first
• 22:15
  Speaker 1: of the year, that first quarter, we're gonna need you,
• 22:17
  Speaker 1: not so much lending, but just giving advice. Because it
• 22:21
  Speaker 1: goes back to what I'm saying is that I'm just
• 22:23
  Speaker 1: letting everybody know there's a black community and there's a
• 22:26
  Speaker 1: black neighborhood, and we need to understand that conversation. When
• 22:29
  Speaker 1: we're talking about how do we change the way we walk?
• 22:32
  Speaker 1: The black community can be changed. It's the black neighborhood
• 22:34
  Speaker 1: that's still struggling. The black community is actually coming out
• 22:38
  Speaker 1: of the black neighborhood and also understands the value of
• 22:41
  Speaker 1: social media, understand the value of change, how understanding how
• 22:44
  Speaker 1: to pivot. You go to a black neighborhood, it's the
• 22:46
  Speaker 1: same black neighborhood. Violence is there. You know, limited job
• 22:49
  Speaker 1: opportunities there. There's an inability to understand that that there
• 22:53
  Speaker 1: there goals outside of that black neighborhood. And so that's
• 22:57
  Speaker 1: where I really uh applaud at you and what you're
• 23:00
  Speaker 1: trying to do. And that's why I want to bring
• 23:02
  Speaker 1: the thrie of you back on the show in the
• 23:03
  Speaker 1: first quarter so you know we can really we're gonna
• 23:08
  Speaker 1: we gotta get people like vaccinating. No, black people have
• 23:10
  Speaker 1: a concern about getting vaccinated. You know, I have a
• 23:13
  Speaker 1: concerned I'm just gonna gonna throw it off on black people, Okay,
• 23:15
  Speaker 1: rich trut McDonald concerned. Okay, when I see a lady
• 23:18
  Speaker 1: faint on TV, Okay, you know, okay, will that be
• 23:23
  Speaker 1: me fainting? Will I faint and not get back up? Okay?
• 23:25
  Speaker 1: I have the right to say that when you have
• 23:28
  Speaker 1: not given a period of test period to say this
• 23:31
  Speaker 1: is uh and usually to turns up the round. And
• 23:33
  Speaker 1: I knew you had to turn it around quickly. And
• 23:35
  Speaker 1: that's why I'm glad we have options here. You know,
• 23:38
  Speaker 1: a fire came out test Uh. Now we've got the
• 23:42
  Speaker 1: modern modermoat coming out now with the drug and the
• 23:45
  Speaker 1: third one's coming to Astra Zeneca is coming out, So
• 23:47
  Speaker 1: when I come back, we're gonna have a different world
• 23:50
  Speaker 1: that we're talking into. Well, we should have a run
• 23:52
  Speaker 1: of vaccinations. People will will hopefully be still in the
• 23:56
  Speaker 1: level of confidence because they would have gotten that three
• 23:58
  Speaker 1: hundred dollar a week check that we've gotten. The right day,
• 24:01
  Speaker 1: you would have gotten that six hundred dollar a week,
• 24:03
  Speaker 1: six hundred dollar stimulus check which was cut down from
• 24:06
  Speaker 1: twelve hundred and six hundred dollars. Six hundred dollar a
• 24:08
  Speaker 1: week check was cut down the three hundred dollars, So
• 24:11
  Speaker 1: you're getting half of what you got when he shut
• 24:13
  Speaker 1: us down. But I think that's all right because guess what,
• 24:15
  Speaker 1: we're not shutting down. We're moving forward. And I think
• 24:18
  Speaker 1: and I think that's what you're doing right now. My
• 24:20
  Speaker 1: whole thing and talking to you justin it was bringing
• 24:22
  Speaker 1: you on the show just to talk about your brand.
• 24:24
  Speaker 1: See that I would like your style. You got that
• 24:26
  Speaker 1: smooth little you know, a little I want to say,
• 24:28
  Speaker 1: Marvin Gay, You're the Marvin Gay of financial Okay, appreciate that. Well,
• 24:34
  Speaker 1: you know, you got that that tone I would love about.
• 24:36
  Speaker 1: You got that right tone. And and it's it's a
• 24:39
  Speaker 1: it's a it's a bedside tone. You know, if I,
• 24:41
  Speaker 1: if I if you are a doctor and you came
• 24:43
  Speaker 1: in you you you you you treat me right because
• 24:46
  Speaker 1: you let me know the facts. But you you have
• 24:48
  Speaker 1: a settling voice to let me know that you can
• 24:50
  Speaker 1: still be a participant. And that's really what this is
• 24:53
  Speaker 1: all about. My conversation with you is letting people know
• 24:55
  Speaker 1: that if you don't get the facts, you don't get
• 24:57
  Speaker 1: the information, you don't talk to the right people, then
• 24:59
  Speaker 1: you're gonna team to struggle. It's just the bottom line,
• 25:03
  Speaker 1: that's it. Uh. That, That's that's what I mean. You
• 25:05
  Speaker 1: hit the nail on the head. Well, and I appreciate
• 25:07
  Speaker 1: the compliment. I've never been told I have a good
• 25:10
  Speaker 1: bedside manner, but I appreciate that. Uh. And yeah, I
• 25:14
  Speaker 1: am happy to continue to teach. Um. I come from
• 25:17
  Speaker 1: a long line of teachers on my mother's side of
• 25:19
  Speaker 1: the family is a is a large family of teachers,
• 25:22
  Speaker 1: and so I feel it's my responsibility, you know, as
• 25:25
  Speaker 1: I continue to learn to share that knowledge. And yeah,
• 25:28
  Speaker 1: I'm happy to continue to to do that for our
• 25:30
  Speaker 1: for our communities, and for our people. Cool. Well, my man,
• 25:33
  Speaker 1: you know already told your first quarter bringing all through
• 25:36
  Speaker 1: you guys, on Who're gonna sit down, I have a
• 25:37
  Speaker 1: round table talk about the future of Black American Black
• 25:40
  Speaker 1: neighborhoods and also work Clapp Capital stands at that point
• 25:44
  Speaker 1: moving forward in one but again, thank you for coming
• 25:47
  Speaker 1: on Money Make a Conversation. Thank you for having trying
• 25:49
  Speaker 1: to get to see and uh yeah, I'll be buying something. Really,
• 25:52
  Speaker 1: my friend, you got to got to you want need
• 25:54
  Speaker 1: more money making conversation interviews, Please go to Money Making
• 25:56
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