This year's event is VIRTUAL
About the NYC Event
Culture Shifting Weekend NYC is the largest gathering of Black and Latinx VCs to solve for the inequality in this sector. To date, we've enabled over $150M to be invested in VCs that show up. This weekend offers institutional investors, social impact investors, angel investors, corporate venturers, and the investment community-at-large direct face-to-face engagement with the burgeoning Black and Latinx venture capitalist GP community. The goal of this invite only event is to increase LP money flowing to this vast and growing ecosystem. Our 2019 event featured 285 guests, including: 60 venture capitalists and 50 investors.
Our 2020 event will feature many established and up & coming GPs from our ecosystem, and offer an inside look at the current state of this niche asset class: what trends are emerging, what partnering models are working, and what deals are getting done. As with all of our events, enabling deals & collaborations is our goal. Gaining first-hand knowledge of what is happening and building direct connections in this community are guaranteed.
Our attendees have an "abundance" mentality.
That means they want to help their peers succeed by
opening doors, writing checks, or both.
This year we are expecting:
Past Speakers Include
Who Should Attend?
Black & Latinx VCs who have their own funds or work for funds. This can range from new funds to more established, larger funds.
Fund of Funds
EXPERTS & ALLIES
Corp. Venture Funds
Individuals who can provide access to new LP money for our Black & Latnix ecosystem.
Event Information & Agenda
PRE-CULTURE SHIFTING WEEKEND SPECIAL VIRTUAL EVENTS
FREE & open to the public!
Fireside Chat with Jay Clayton, Chairman of the U.S. Securities & Exchange Commission
Thursday, August 20
Trends in early stage capital formation
e.g., Investor considerations, IPO trends
Diversity in Asset Management Industry
e.g., Impact of 13F on smaller firms
Financial Education and Empowerment, and wealth creation
Current SEC Priorities
Roles at the SEC and public service comments
Moderated by Osei Van Horne, Managing Director, Wells Fargo Strategic Capital
Osei is the Managing Director and founding member of the Technology Division of Wells Fargo Strategic Capital (merchant bank), a multi-strategy growth capital and private equity investment vehicle, that was named a top 50 venture investor by Global Corporate Venturing in 2020.
Event with Sovereign Wealth Funds; includes 1:1 GP/LP Meeting
Tuesday, September 29
60-minute panel discussion & 30-minute Q&A
Option to stay on for another 90 min. to meet top Black and Hispanic GPs sponsored by
Chief Executive Officer, Fondo Ahorro Panama
Chief Operating Officer, Nigerian Sovereign Investment Authority
Executive Director, Cincinnati Minority Business Accelerator
JaNay Queen Nazaire
Chief Strategy Officer, Living Cities
The Covid pandemic has highlighted and magnified deeply rooted inequalities in societies across the world.
In the US, Black and Hispanic communities have long suffered from a lack of investment in their social services, their infrastructure, and their businesses. The resulting gaps in wealth as well as education and health outcomes have rendered these communities highly vulnerable to economic shocks. The same story is playing out in Afro-Caribbean, South Asian, and Middle Eastern communities across Europe.
Meanwhile, the emerging economies in Africa and Latin America require trillions of dollars in sustainable development investment each year to raise their productivity—and subsequently their standard of living—to levels of high-income countries.
A direct and highly effective way to close these gaps is to invest in the businesses of talented entrepreneurs of African and Hispanic origin across these continents. By connecting African and Hispanic diasporas through the exchange of capital, commerce, and innovation, we create the opportunity to build global businesses that will generate extraordinary financial and social returns for people of color.
In this session, we will explore how to achieve this goal, by bringing together a global group of leading SWFs, development investors, and business-building platforms that share this vision. Indeed, could Inclusion become a global asset class?
WHAT YOU WILL LEARN
The challenges being faced by Black and Hispanic communities in the US, as well as the economies in Africa and Latin America in the post-Covid world.
How investing in a network of untapped entrepreneurs across the African and Hispanic diasporas can be part of the solution.
How GPs and entrepreneurs can work with SWFs and development investors to expand their investment platforms into new markets.
How LPs and GPs can tap into channels of exceptional Black and Hispanic-owned companies across multiple continents.
Dr. Indranil Ghosh
Founder & CEO
Tiger Hill Capital
Dr. Ghosh is an MIT-trained scientist, impact investor, author, and global authority on sustainable economic development.
His acclaimed new book “Powering Prosperity: A Citizen’s Guide to Shaping the 21st Century” is a defining work that charts an investment-led roadmap for social equity, global sustainability, and community rejuvenation.
Dr Ghosh is a principal of the Network of Untapped Entrepreneurs (NUE) Initiative whose goal is to steer more than $1 billion of capital into businesses owned by people of color globally.
He is also CEO of Tiger Hill Capital, a London-based firm investing in the transition to a global low-carbon economy.
CULTURE SHIFTING WEEKEND
Friday & Saturday, November 6 & 7
10:00AM - 2:00PM EST
DIVERSITY TRENDS & VC SUCCESS STORIES
In recent years, both the media and the market has called into question the allocation of venture dollars to Black (2%), LatinX (1%) or women of any color (10%). There has also been a rising chorus of questions about the gender, ethnicity and race of the allocators with clear correlations between diverse fund managers and diverse portfolios. Add to that the research about the superior returns from diverse teams and the obvious question is why are we not seeing more investment? Here we discuss direction and speed of change in the marketplace.
Executive Director, Venture Forward
In this fireside chat, we have a meeting of power brokers. Marcelo Claure, founded a unicorn, turned around a public company and sits atop a multibillion dollar juggernaut credited (or blamed) for shifting the entire structure of the late stage venture arena. José is a power player in the PE industry with $25B AUM and over 200 investments. We are excited to have them here and hear about their experiences and their perspectives on the market.
CEO of SoftBank Group International
José E. Feliciano
Co-Founder & Managing Partner
FAMILY OFFICE PANEL
Family offices and high net worth individuals are the most likely LP prospects for smaller funds. They play a critical role in defining the landscape and opportunity set for new funds. So how do GPs get to know these power players in investing? And what matters to them? How are they reacting to COVID-19 and the recent civil unrest? And what's coming up next?
SVP, Private Wealth Mgt., UBS
Chief Investment Officer, CEAS Investments I, LLC
Managing Director & Partner, Pathstone
Director of Investments, Kapor Capital
GEOGRAPHY TRENDS & OPPORTUNITIES POP-UP
Steve Case has been pushing a narrative about the "Rise of the Rest" for several years now, which is the belief that the disproportionate investment of venture capital in NY, CA and MA (75% of US Total) will start to and must even out. There is a similar but derivative view about the US and the West relative to other countries. In a post pandemic world where the tech giants are pushing for a more remote workforce, we could be seeing the tipping point to this scenario of more broadly distributed entrepreneur ecosystems and venture funding. While competition is only getting steeper in Silicon Valley, New York, and Boston, communities across the country are growing faster than ever - both in terms of funds and founders. What does this mean for fund managers of color? Where are the biggest pockets of activity? What's happening now - and what's next?
Senior Investment Lead,
Partner, Rise of the Rest Seed Fund
1:1 GP/LP MEETINGS
*BY INVITE ONLY
10:00AM - 2:30PM EST
BIG BANKS SPARKING
Banks have traditionally been considered a source of the problem of access to capital for people of color. Lately, some Banks are making significant commitments to inclusivity - time, money, energy. With the Final Volcker Rule effective as of October 1, Banks have more flexibility to invest directly into venture firms. Who is making moves and what do they look like?
Sr. Editor, Financial Services, LinkedIn
Chief Innovation Officer, Citi
Partner & Managing Director, Urban Investment Group,
Dan Schulman is not only the CEO of Paypal but he is a prime example of a new generation of purpose driven leaders. Dan was among the first to commit to support the Black Community with a $500m+ investment. In this fireside we look forward to hearing about how Dan sees the role of Paypal in this moment and the opportunity he sees in investing in the Community.
President & CEO of PayPal
Lisa M. Coleman, Ph.D.
SVP, Global Inclusion and Strategic Innovation
New York University
Inclusive impact is increasingly on the minds of foundations and investors across the country and around the world. Who are the thought leaders and who are making big moves? What's coming next? And what do GPs need to know?
There are a new wave of Corporates looking to partner with and invest in select GPs with unique perspectives and capabilities. What are they looking for, and what do you need to do in order to get in touch with them?
Investor, Salesforce Ventures
Mng. Dir., Wells Fargo Strategic Capital
VP & Chief Technologist, Workday Ventures
SVP, North America Social Impact, Mastercard
Sr. Director of Business Development, Strategic Investments, Local Initiatives Support Corporation
Sr. Analyst, Investments &
Impact Investments, The JPB Foundation
Citi Impact Investing
WILLIAM CROWDER // Entrepreneur in Residence, Morgan Stanley; Managing Partner, 42 Venture Partners
VERNON LEE, JR. // General Partner, The Marathon Fund; Founder, Brightwood Management Partners
DUSTIN SHAY // Senior Director, Partnerships, Village Capital
Interested in Attending, Speaking or Sponsoring?
Fill out the form at the bottom of this page.
DID YOU KNOW?
Over $150M has been invested in VC funds represented at Culture Shifting Weekends NYC by LPs attending the events.
Our goal is to at least double that this year.
ANDREA HOFFMAN // Founder & CEO,
Culture Shift Labs
DENMARK WEST //
REGINALD VAN LEE //
Chief Transformation Officer,
The Carlyle Group
CULTURE SHIFTING WEEKENDS
Culture Shifting Weekends is an annual invite-only bi-coastal event that takes place in Silicon Valley and Silicon Alley. These are the only events of their kind in the United States that unite over 400 accomplished Black & Latinx tech executives, entrepreneurs, investors, innovators and social impact leaders in order to enable collaborations and consummate deals.
Each coast has a different format; Silicon Valley is the largest gathering of Black leaders in tech, innovation and social impact to solve for the inequity in entrepreneurship, on corporate boards, in tech and in the c-suite. Silicon Alley is the largest gathering of Black and Latinx Venture Capitalists to solve for the inequality in this sector.
Culture Shifting Weekend is an annual signature event of Culture Shift Labs; a diversity & innovation management consultancy.