Mitchell came from a Black family with an entrepreneurial spirit. When he was a teenager growing up in New Haven, Connecticut, his mother and grandmother opened a bakery called the Smith Family Bake Shop. Mitchell himself specialized in making a red velvet cake that he still enjoys baking from time to time. But the shop closed after a few years, in part due to his family’s lack of experience running a business.
The first person Michell reached out to after his April dinner was Bill Bynum, who was able to provide some wide-angle perspective on the importance of both Black banks and CDFIs. Mitchell also picked up Mehrsa Baradaran’s book. Poring over its 384 pages, he was surprised to learn just how many laws and regulations had been put in place over centuries to forestall attempts to build Black wealth.
Baradaran also sensed an earnest desire in Mitchell to help small Black businesses like his family’s bakery. So she volunteered to help him shape his proposal. “She was the one who kind of inspired us to think bigger,” Mitchell says. With Baradaran’s input, Mitchell began drafting a two-and-a-half-page memo outlining his vision for how Netflix could sustainably support Black banks.
Beggars can’t be chooser
This 1/10 interesting
When did BLM buy wired?
Netflix should read this tweet, realize their gift isn't appreciated, and withdraw it all together. Wired has lost its damn mind.
We don't have racial equality. We have IQ differences and cultural differences that makes some groups successful and some don't.
America's founding is based on Eurocentric ethnicities & culture. Maybe minorities should just chill and STHU or they can F off back to their country of ethnic origin?
Why are companies like Netflix openly racist? How is this a good thing?
How much is Wired pledging to the black community?
Cc: stacyspikes hametwatt