Most entrepreneurs start from humble beginnings unless they come from money. Being an entrepreneur is one of the quickest ways to become wealthy. It can also create cash flow challenges for the entrepreneur and his family. The decision to become an entrepreneur needs to be a joint decision by couple.
Obtaining the capital to move forward with an idea, normal means utilitizing personal resource, friends and family, then Private Equity or Venture Capital. Only 1 percent of venture capital funding went to Black entrepreneurs. Even in 2022, that number has only improved to 1.2 percent, according to TIME Magazine
Joining us for our discussion on Bootstrapping To Success is Stacy Spikes is an entrepreneur in the truest sense of the word. Stacy Spikes is an award-winning entrepreneur and inventor who USA Today named one of the 21 most influential Blacks in technology. He holds several technology patents and is the co-founder and CEO of the nation’s first theatrical subscription service, MoviePass. In addition, Spikes is the founder of Urbanworld, the largest international festival dedicated to nurturing Women and BIPOC filmmakers.
His latest book is Black Founder: The Hidden Power of Being An Outsider. Welcome to Mastering Your Money, Stacy Spikes .