Heard on the Street: Chicago’s divide, earning the right to scale, and more

Heard on the Street – here’s what we were reading last week:

Chicago’s Awful Divide: We often talk about the “urban-rural divide,” wherein urban counties see increasing wealth, while rural counties are losing jobs and wealth. Chicago demonstrates how those “twin forces” are creating a different divide, between different neighborhoods in a single city.

Entrepreneurs of Color Supporting Each Other Nationwide: Entrepreneurs of color, and especially female entrepreneurs of color, access venture capital funding at significantly lower rates than their white male counterparts. New programs, such as Black and Brown Founders and BHCU.vc are working to combat this problem.

What Happens When You Invest In Entrepreneurship At The Margins: “Overlooked communities are fountains of untapped entrepreneurial potential. From a business perspective, ignoring them means leaving money on the table.”

Earning the Right to Scale: Most nonprofits assume that scaling their organization is the obvious goal, but many don’t have the necessary elements in place to do so successfully. The authors share what they view as the “seven elements of strategic leadership” that are necessary for a nonprofit to successfully scale.