Creating a Non-profit That Isn't a Charity with Shelly Omilâdè Bell, Founder of Black Girl Ventures Foundation

In today’s episode, host Lindsay Pinchuk is joined in conversation with Shelly Omilâdè Bell, Founder of Black Girl Ventures Foundation to discuss how she has transformed entrepreneurship by reimagining the way Black and Brown women founders get access to financial and social capital.Founded in 2016 by Serial Entrepreneur and Computer Scientist Shelly Omilâdè Bell, Black Girl Ventures Foundation (BGV) addresses the unique challenges Black and Brown women face in accessing social and financial capital to grow their businesses. The BGV Style pitch competition is the largest pitch competition globally for Black and Brown women founders. It uniquely combines the premise of Shark Tank and Kickstarter by activating community participation in donating to support women-owned businesses directly. To date, BGV has funded 264 women of color, held over 30 BGV Pitch Programs across 12 cities, and served over 2,000 participants. Together, BGV pitch participants are collectively generating over $10M in revenue and supporting 3,000 jobs making it the largest ecosystem builder for Black/Brown women founders on the East Coast.Tune into this week’s episode of Dear FoundHer… to learn more about how leadership, cultural competency, and teamwork have played an essential role in building and strengthening communities across America by making entrepreneurship equitable for Black and Brown women.Quotes:• “Black women have started businesses at six times the national average, yet are receiving less than 1% of venture capital.” (12:24-12:33)• “To date, we have funded over 270 women, have efforts across about 15 cities, and our founders represent about 10 million in revenue and about 3000 jobs.” (23:28-23:39)• “We need more people to have cultural competency in order to be able to really create an ecosystem.” (24:51-21:56)• “I don't refer to businesses as a baby because hopefully one day you sell your business but you never sell your baby. So I tell people that your business is not a baby, but your business does have a soul.” (28:23-28:34)• “Everything we’re doing is dictated by need. A lot of the things you do as entrepreneurs are dictated by need.” (29:12-29:20)• “Our main core values are hustle, expand, commit, and harmonize.” (35:49-35:54)• “A lot of times, entrepreneurs want approval from investors or people they think know better. But ultimately, revenue is your validator.” (38:06-38:16)Connect with Shelly Omilâdè Bell:http://www.instagram.com/iamshellybellhttp://www.instagram.com/blackgirlventuresPlease don't forget to rate, comment, and subscribe. Want even more resources for growing your business? Join the Dear FoundHer Facebook Community for more discussion with other female founders, business owners, and entrepreneurs: https://www.facebook.com/groups/dearfoundherSubscribe to Dear FoundHer on Apple, Spotify, or wherever you listen to podcasts!For more from Lindsay Pinchuk:• Visit her website to grab one of her FREE quick guides: https://www.lindsaypinchuk.com/• Or follow her on Instagram: https://www.instagram.com/lindsaypinchuk/Use code FoundHer for 50% off your first month with both HiveCast and FiresidePodcast production and show notes provided by HiveCast.fm Hosted on Acast. See acast.com/privacy for more information.

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