Jarrid Tingle, Managing Associate of Harlem Capital — Remodeling the Face of Entrepreneurship | by Miguel Armaza | Wharton FinTech | Jun, 2021

On this episode, we focus on:

• Jarrid’s background and the way he and his co-founders raised Harlem Capital’s preliminary fund whereas nonetheless in enterprise college. After working at ICV Companions, a black-owned non-public fairness store, Jarrid and co-founder, Henri Pierre-Jacques, left PE and headed to Harvard Enterprise Faculty with the objective of turning what had as soon as been an angel syndicate right into a full-fledged Enterprise Capital fund. They raised $12.5 million inside their first yr of faculty after which closed their foremost $40 million fund shortly after commencement between Might of 2019 and November of 2019.
• The story behind Harlem Capital’s very personal Harvard Enterprise Faculty case. Barely three months after graduating, HBS revealed a case examine about Harlem Capital, written by a professor that taught Jarrid and Henri.

“We expect it’s an amazing alternative to be within the curriculum. Have folks use your story as a method to find out about other ways to strategy enterprise and doubtlessly inspire them and have them ask the onerous inquiries to us and, hopefully, assist the following era of enterprise leaders develop and develop.”

Full interview → Spotify | Soundcloud | Apple

• Significance of backing founders that basically can promote and are analytical. Since inception, Harlem capital has backed 23 firms led by what they contemplate to be visionaries that may execute at a excessive stage, however are additionally nice storytellers which can be additionally analytical.

“I wish to look for those that can promote and folks which can be analytical. I believe if you are able to do these two issues, then you may construct a enterprise, you will discover good alternatives, you may win clients, you may rent one of the best workers, you may evangelize your model, and all these items can then assist lots.”

• Debunking the parable of the pipeline drawback and why it’s actually nearly giving folks entry and alternatives. Harlem Capital is a group fund that brings folks collectively and goals to spend money on 1000 numerous entrepreneurs over the following 30 years. To get there, not solely are they backing numerous entrepreneurs however they’ve additionally taken concrete steps to assist create alternatives for folks of colour in Enterprise Capital by means of their intern and angel packages. Over the past couple of years, they’ve had over 50 interns and 17 of them have joined a Enterprise Capital or Non-public Fairness fund full time.
• Why he’s hopeful however not happy with the progress of the VC and Tech business because it pertains to variety. Regardless of all of the progress the business has remodeled the previous few years, the combination stats nonetheless aren’t good. Black and Latino entrepreneurs within the US get simply round 2% of all VC funding and ladies get across the similar share, no matter race.

“We want extra numerous examine writers, extra numerous VC corporations which can be motivated and enthusiastic about backing numerous entrepreneurs.”

• The largest lesson he’s discovered as an investor… And much more!

Jarrid Tingle

Jarrid Tingle is Managing Associate of Harlem Capital the place he focuses on deal sourcing, organizational technique, and due diligence efforts. Jarrid was featured on the 2019 Forbes 30 beneath 30 record, 2019 Inc. 30 beneath 30 record, and the 2018 Ebony Energy 100 record.

Related articles

How a lot may your buyer expertise affect your startup?

September 8, 2021

Sameer Gulati, COO of Plastiq — Addressing the Working Capital Hole for Companies | by Gabriela Ariana Campoverde | Wharton FinTech | Sep, 2021

September 8, 2021

He obtained his MBA from Harvard Enterprise Faculty (HBS) in 2019 the place he was a Baker Scholar (high 5% of sophistication). Throughout HBS, Jarrid was a fellow within the Robert Toigo Basis and Administration Management for Tomorrow MBA Packages.

Beforehand, Jarrid was a Non-public Fairness Funding Skilled at ICV Companions. Previous to ICV, Jarrid was an Funding Banker within the International Expertise, Media & Telecommunications Group at Barclays.

Jarrid graduated cum laude from the Wharton Faculty of the College of Pennsylvania with a Bachelor of Science in Economics and a Focus in Finance. Jarrid was an lively member of Friars Senior Society, Onyx Senior Honor Society, and The Lantern Senior Society. Upon commencement, Jarrid obtained the Wharton Undergraduate Dean’s Award for Excellence (Wharton’s highest honor).

Jarrid’s favourite actions embody studying, weight coaching, touring, and attending live shows.

About Harlem Capital:

Harlem Capital (HCP) is an early-stage, diversity-focused enterprise capital agency. HCP makes preliminary investments of $750ok to $1.5mm in U.S. Seed rounds for 10%+ possession.

Earlier Episodes You Might Take pleasure in:

Fintech for the Future of Work with Craig J. Lewis, CEO & Founder of Gig Wage

Alexa von Tobel, Co-Founder at Inspired Capital — Bucking the Status Quo

Y Combinator’s Michael Seibel & Dalton Caldwell — Lessons from 5000 Entrepreneurs

Robinhood’s COO, Gretchen Howard — Democratizing Finance, Navigating a Crisis, & Embracing Change

S&P Global CEO, Doug Peterson — The Future of Finance, Power of Data, and Global Business Trend‪s

Charles Moldow, General Partner at Foundation Capital — Investing in Fintech Gems

Ali Tamaseb, Partner at DCVC — What Does It Really Take to Build a Unicorn?

Sallie Krawcheck, Co-founder/CEO of Ellevest — Wall Street Stories, Building Resilience, & Overcoming Bias

Miguel Armaza is Co-Host of the Wharton Fintech Podcast and Co-Founding father of Gilgamesh Ventures, a seed-stage funding fund centered on fintech within the Americas.

For extra FinTech insights, observe us under:

Wharton Fintech

Website | Medium | Twitter | LinkedIn | Facebook | Instagram

Miguel Armaza

Twitter | LinkedIn