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Franchising, “In business for yourself, but not by yourself” is a common adage used to describe the advantages of franchise ownership. The franchise model investment can help a wannabe business owners become very successful, however, for many young African Americans and Latinos, there is more reluctance in which to do so.
According to an article in the Chicago Tribune, "African Americans and Latinos are seriously underrepresented in the investment community. Less than 1 percent of venture-backed internet companies were founded by African Americans, according to a 2010 report by CB Insights"
My special guest, Pedro Moore, is the founder of FundingFuel, an online equity crowdfunding platform whose aim is to provide funding opportunities for everyday people by allowing them to invest in franchises.