Elevating Black and Latinx businesses: Financial Freestyle

In this episode of "Financial Freestyle with Ross Mac," Lee Moulton, the founder of The Mansa Fund, joins the conversation. Moulton reflects on his early career on Wall Street, where he worked under the mentorship of former Goldman Sachs (GS) CEO Lloyd Blankfein during the 2008 financial crisis. He shares the invaluable lessons he learned during his time at Goldman Sachs, including the importance of leadership, the commitment required to achieve true success, and the significance of collaboration.

Moulton also addresses the challenges faced by Black and Latinx business owners, which inspired him to establish The Mansa Fund. The fund aims to close the funding gaps that disproportionately affect promising Black and Latinx businesses, putting them at a disadvantage. He also shares the immediate positive feedback to his endeavor that led to a partnership with Bridge Marketplace and the growth of his loan business.

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1:20 Who is Lee Moulton?
1:50 Early career at Goldman Sachs
3:40 Investing Ethos
6:10 Origins of The Mansa Fund
8:30 Using the relationships to establish a partnership with Bridge marketplace
9:32 What's next for The Mansa Fund
11:25 What makes for a good investment?
12:50 The Founder’s Story
13:20 Year-over-year growth
14:10 Price of Equity
16:55 The Uncle Nearest Story
18:50 The importance of a powerful story
19:35 What made Uncle Nearest Special
21:30 Tips for scaling business

This episode of “Financial Freestyle with Ross Mac" on Yahoo Finance was produced by John Tejada, the author of this post.