As one of the few black venture capitalists, Eric Collins is on a mission to prop up people facing “tough odds” to run businesses in Europe: Women and ethnic minorities.
A dual US-British citizen born in Alabama, Collins co-founded the London-based firm Impact X with a ?100 million investment fund to back underrepresented entrepreneurs.
For Collins, investing in such companies is not just about principles. It’s also about making a profit.
“Where I invest, I’m really looking for the underrepresented — meaning people and things that people don’t generally invest in, that’s where I want to be,” Collins told AFP in an interview.
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