Keys to avoid making bad investment decisions.

Everyone knows that money is what makes money. Sure, that’s what we’ve been told, but is it true? Before you write me off, hear me out. Our money isn’t supposed to make money. What we invest our money in is what’s supposed to make money. We understand that principle. So why are we trying to make money with Bitcoin?  

As CPA I realize that all qualified businesses need equal access to capital. As a business owner who happens to be African-American, I also realize that institutional bias is baked into the financial system. How do you think We Work got millions in loans from Chase while other more qualified businesses without access to VC capital got denied? African-American farmers got denied loans from the USDA for decades before the government settled the case. During the housing bubble, blacks with higher credit scores routinely got steered into less desirable sub-prime loans than whites with much lower credit scores.

In other words, getting a loan isn't just about meeting the 5 C's of Capital (credit, capacity, collateral, conditions, and character). It never has been. Providing access to supply chain financing to blacks is a step in the right direction for all business owners need.