Black Thought announced he has joined the venture capital firm Impellent Ventures as a general partner.
In a move that will help diversify his portfolio, Black Thought’s mission in his newly appointed role is to demystify the world of finances and bridge the gap for Black entrepreneurs.
Ran by David Brown and Philip Beauregard, Impellent Ventures is a firm hoping to back Rust Belt startups that can benefit from capital connections in tech hubs like New York and Boston. In addition, the Rochester, N.Y.-based firm hopes that Tariq Trotter’s inclusion will inspire other people from underrepresented communities to throw their hats in the investment ring. And Black Thought believes he’s the perfect vessel.
“Financial literacy and understanding investment are the first steps in creating generational wealth,” The Roots emcee expressed in a post on Instagram. “The space has always been fairly intimidating, difficult to navigate. I intend to change that.”