Last night, the much-ballyhooed Black in America 4, which followed the participants of the NewME Accelerator, finally aired. (I caught the 11 pm re-airing after catching up on violin practice and refusing to watch the NY Jets get blown out in the second half of Sunday Night Football.) It generated some advance controversy, courtesy of Michael Arrington (more on that here), but in the end, I thought it was a solid take on the challenges for black entrepreneurs in Silicon Valley. Some random thoughts:
- I would have liked to learn more about how the accelerator was put together, especially given the pretext that blacks lack influence and stature in Silicon Valley. Despite that, NewME seemed to have a solid set of advisors.
- That said, what was the real point of Vivek Wadhwa’s talk? All I got from the documentary was “black entrepreneurs should get white frontmen for their companies” and “black folks don’t support each other.” The second point is valid, but I really hope there was more meat to his talk that CNN just didn’t show.
- NewME co-founder Angela Benton has a really inspiring story: from teenage mother to Web entrepreneur. The documentary makes note of the difficulty of her and Wayne Sutton (the accelerator’s other co-founder) having to leave children/family behind to work on their startups. There has been discussion around whether motherhood is a barrier for women in tech, and I wonder if family concerns are a similar issue for blacks in tech. Plenty of people argue that youth is an advantage for entrepreneurship: there isn’t as much risk in failure because founders rarely have family responsibilities. But that isn’t really true for a lot of black and Latino 20-somethings. And even those without kids of their own may have other family members to support.
*Note: this is a class issue as much as it is a race one, but of course, race and class tend to be closely linked. - In hindsight, it’s really a shame that the Michael Arrington bit got the most attention leading up to the air date, because it was by far the least insightful segment. He was unprepared and made clueless (and somewhat offensive) remarks, but then I wasn’t impressed with Soledad O’Brien’s questions to him, either. Given the scarcity of black tech entrepreneurs, I don’t think asking who Arrington thinks is the “#1 black entrepreneur” was bound to yield a useful response. (Though it is still ridiculous that he couldn’t name any black entrepreneurs at all–really?)
- I’d really like an explanation of how even the organizers of the accelerator were unprepared for the dragon’s den at the Google event. I agree with Navarrow Wright, one of the panelists at the event, that entrepreneurs should be ready to pitch at any time, but there is a difference between speaking one-on-one with a potential investor/advisor/customer and having to make a formal pitch on stage. Does Y Combinator or TechStars spring this on its participants?
- Also, I’m curious what it was like for Benton and Sutton to run the accelerator and work on their companies at the same time. How much support/advice were they able to give the others?
If you saw BIA 4, what did you think of it?