Investor Connect Podcast

In this episode, Hall welcomes Edward Dugger III, Founding Partner and President of Reinventure Capital.

Located in Boston, Massachusetts, Reinventure Capital is a high-impact, high-return venture practice proven to deliver nonconcessionary financial returns along with intentional, measurable, and meaningful racial/social justice impact. Reinventure Capital consists of a diverse team who invests in U.S.-based companies led and controlled by BIPOC — Black, Indigenous, and other people of color - founders, and/or womxn founders of all identities, companies that are at breakeven or so commercializing solutions to real problems, in fragmented industries, at the forefront of one or more shifts, and poised to grow profitably.

Edward was an early pioneer in impact investing, but also had careers as a real estate developer, business strategy consultant, and interim CFO. He has over 30 years of deep business development and venture capital experience, and a track record of notable achievements. At age 27 he became CEO of one of the larger venture capital firms in the nation, backed and mentored by such board directors as the CEO of Morgan Stanley and the Chairman of the Executive Committee of JP Morgan. As one of the earliest impact VC funds, they invested in growth industries to consciously expand business opportunities for entrepreneurs of color achieving an IRR of 32% during its last decade.

Edward also helped launch some of the most successful African American controlled companies, both private and public, and assisted them in attracting over $2 billion in conventional capital, while achieving 30% diversity among managers and employees and generating over 7,000 family-supporting jobs.

Although his investment practice was national, he leveraged his successes as a VC to build bridges among disparate local business communities as an early advocate for, and practitioner of diversity, equity, and inclusion (DEI). As a director of the Federal Reserve Bank of Boston, I co-convened with the Bank several business leadership forums advocating more inclusive business practices. Expanding the effort after harvesting the venture funds, I partnered with the CEO of State Street Corporation to form The Business Collaborative (TBC), a unique business community initiative that dramatically increased the B2B sales volume among major corporations and businesses of color in Massachusetts.

Most recently he has responded to our nation's current challenges, stemming from persistent social and economic inequities, by forming Reinventure Capital. Once again he is targeting the vast, untapped reservoir of innovative, entrepreneurial talent, comprised of those of color and women consistently overlooked by the mainstream investment community. In so doing, he is pursuing a contrarian investment playbook as before, ensuring an impact-rich return on capital AND inclusion. Edward is a graduate of Harvard College and Princeton University (MPA-UP, School of Public and International Affairs).

Edward explains the role of social impact in Reinventure Capital’s investment thesis and shares with Hall his reasons for investing in diverse teams. 

You can visit Reinventure Capital at, via their LinkedIn page at, and via their Twitter page at   

Edward can be contacted via LinkedIn at, and via email at

Direct download: Edward_Dugger_III_of_Reinventure_Capital.mp3
Category:general -- posted at: 1:22pm CDT

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In the deal process, there are always issues that give the investor cause to rethink pursuing the investment. 

Here is a short list of dealbreakers that indicate it’s time to break off the deal process.

  • There are major surprises, such as finding out the company has significant debt they did not disclose previously.
  • There are major holes, such as finding out a team member is not signing up to work on the project as previously mentioned.
  • There are integrity issues, such as a mismatch between what the founder tells you and what is actually there.
  • There is a significant change to the potential of the business, such as finding out the market is not as large as previously considered.
  • Finally, there’s the inability to come to terms as both sides are too far apart.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Direct download: EG_Sep_2020_Startup_Funding_Espresso_--_Dealbreakers.mp3
Category:general -- posted at: 6:00am CDT