NFL star Malcolm Jenkins wants to opens door for Black tech investors
CBSN
Of the vast sums of venture capital invested in fledgling U.S. companies, the overwhelming majority of that money is managed by White men. One NFL player wants to change that.
Malcolm Jenkins launched Broad Street Ventures with the goal of helping Black and Hispanic investors build wealth. The New Jersey native, who plays for the New Orleans Saints, started the $10 million fund with his own money as well as contributions from other professional football players. The fund, which focuses on tech and consumer product companies, has so far invested in Airbnb, learning platform Udemy and video game developer Epic Games. Jenkins told CBSN he wants to open the door for people of color to become venture capitalists, and "hopefully we can prop it open for others to follow suit."
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