The world pandemic may have thrown the world for a loop, but the crisis accelerated many trends already underway, mainly here in the United States. Even though entrepreneurship has become quite mainstream, the faces of all leading the business world have been changing (but not fast enough, according to some people).
In this increasingly interconnected and multicultural world, recognizing and embracing the contributions of women, immigrants, and people of color in entrepreneurship is not only essential but also a strategic imperative. The book “The New Builders” by Seth Jason Levine and Elizabeth McBride explores these themes in-depth, offering profound insights into the transformative power of diversity in the entrepreneurial landscape. Seth focuses on the significance of diversity in entrepreneurship and highlights the invaluable lessons and inspiring narratives found within “The New Builders.”
Recognizing the Contributions of Women
In the entrepreneurial landscape, women face gender bias, and women of color often contend with the compounded effects of gender and racial bias. Studies reveal that a significant percentage of women entrepreneurs (41%) experience gender bias, while women of color encounter racial bias (33%). Furthermore, women entrepreneurs (20%) often find themselves compelled to charge less than their male counterparts to secure and retain clients. Additionally, women may struggle with imposter syndrome, undervaluing their capabilities and contributions.
Despite these obstacles, women entrepreneurs have shattered glass ceilings, achieved remarkable milestones, and made significant strides in various industries. According to the American Express State of Women-Owned Businesses Report, the number of women-owned businesses in the United States increased by 21% between 2014 and 2019. This growth underscores the pivotal role played by women in fostering economic prosperity and job creation.
Seth Jason Levine’s book, “The New Builders,” places a spotlight on the achievements and journeys of women entrepreneurs. By sharing their stories, experiences, and triumphs, Levine and McBride aim to challenge prevailing biases, inspire aspiring entrepreneurs, and foster a more inclusive entrepreneurial landscape. The book celebrates the resilience, innovation, and leadership of women, highlighting their invaluable contributions across diverse sectors. As a co-author of “The New Builders,” Seth Jason Levine amplifies the voices of women and promotes a more equitable entrepreneurial ecosystem.
Empowering Immigrant Entrepreneurs
Immigrant entrepreneurs bring unique perspectives, international networks, and innovative ideas to the business landscape. “The New Builders” emphasizes the entrepreneurial spirit and resilience exhibited by immigrants, showcasing their contributions to the economy. In the United States, immigrants have founded 55% of billion-dollar startups, illustrating their vital role in driving innovation and economic prosperity.
Celebrating the Role of People of Color
Entrepreneurs from diverse racial and ethnic backgrounds have made significant impacts on entrepreneurship. “The New Builders” explains the stories of these entrepreneurs who have overcome systemic challenges and biases, creating successful ventures that contribute to their communities. According to the Minority Business Development Agency, minority-owned businesses in the United States have generated $1.8 trillion in revenue and supported 8.7 million jobs.
When looking forward to the next few decades in business, we will see leaders from various nationalities and genders building the next generation of businesses.
“The New Builders” by Seth Jason Levine: Empowering Diversity and Recognizing Contributions in Entrepreneurship
“The New Builders” by Seth Jason Levine shines a spotlight on the contributions of women, immigrants, and people of color in the realm of entrepreneurship. This empowering work goes beyond celebration, serving as a resounding call to action for businesses to embrace diversity and create an inclusive entrepreneurial landscape that recognizes the unique talents and perspectives of underrepresented communities.
Levine’s book highlights their resilience, innovation, and leadership, challenging prevailing biases and stereotypes. By showcasing their achievements, “The New Builders” inspires readers to appreciate the transformative power of diversity in driving economic growth and fostering innovation.
Focusing on inclusivity, “The New Builders” urges businesses to implement policies that support small businesses and promote economic growth. Companies can unlock untapped potential and drive innovation by creating an environment that nurtures entrepreneurship among underrepresented groups. Moreover, Levine underscores the importance of Main Street businesses in driving local economies and supporting communities. Through their entrepreneurial endeavors, women, immigrants, and people of color are vital in revitalizing neighborhoods, creating jobs, and fostering community development. “The New Builders” highlights these contributions and encourages support for Main Street businesses as engines of economic prosperity.
As a partner and co-founder of Foundry, a venture capital firm, Seth Jason Levine actively engages with companies and funds, leveraging his expertise to promote entrepreneurship and economic development. His work extends beyond the book’s pages, as he advises venture funds and companies globally, with a particular focus on the Middle East and Africa, to foster entrepreneurship and empower individuals from diverse backgrounds.
“The New Builders” by Seth Jason Levine is an inspiring call to action for businesses to recognize and appreciate the contributions of women, immigrants, and people of color in entrepreneurship. By embracing diversity, implementing inclusive policies, and supporting Main Street businesses, we can foster an entrepreneurial landscape that thrives on the talents and strengths of all individuals, paving the way for economic growth, innovation, and community development.
