For Cecilia Pearson, founder and CEO of Birmingham-based Babypalooza, an important next personal and professional step is to invest in Black women who are establishing businesses—just as others made investments in her.
“I had to learn a lot of my lessons the hard way, and I would love to be able to help somebody learn some of the things I learned a lot faster than I learned them,” she said.
Pearson explained that “stats and rates show that Black [business] founders, and particularly Black female founders, get very little [when it comes to venture capital] dollars.”
“The answer to that is to have more founders that are willing to invest in Black females, and they don’t have to be young,” she added. “I think that’s part of our problem; we feel like everybody has to be specifically young. I’d also like to be able to invest in them.”
Read more in the Birmingham Times.