• Believe in You Money with Jessica Norwood, Nikishka Iyengar, & Andrew X (Part 1)

  • Jun 23 2023
  • Length: 48 mins
  • Podcast

Believe in You Money with Jessica Norwood, Nikishka Iyengar, & Andrew X (Part 1)

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  • Summary

  • This is a special bonus episode featuring host Jessica Norwood's forthcoming book, "Believe-in-You Money: What Would It Look Like If the Economy Loved Black People?", which focuses on creating an economy that supports Black people and challenges systemic racial wealth disparity that is the product of the ugly roots of our country. Jessica shares her personal experience and discusses the systemic racism and biases in finance that hinder black entrepreneurs. She explains the mission of Runway, the company she founded to address racialized wealth disparity for black entrepreneurs. Runway advocates for aligning financial systems with racial equity. The conversation emphasizes the need for alternative financial institutions, like Runway, to create meaningful change and build a more just financial system and gives the first public sneak peek into Jessica's transformational book. Highlights: • Jessica shares a personal story about her mother's entrepreneurial journey and how she was unable to access the capital she needed. • A critique of the term "racial wealth gap" and the need for new language to describe it • Discussion of the racial biases and systemic racism present in finance and emphasize the importance of rethinking concepts like risk and return of capital. • Jessica shares an example of a challenge they faced with a banking partner during the pandemic, where they had to advocate for deferment options that better suited the needs of black entrepreneurs that came down to changing a button in the computer's user interface. You can check out the Show Notes for this episode (eg: Guest Bio, Links to Relevant Resources, and Transcript) at www.theroadtorepair.com/s2-ep8
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