LA Venture Podcast

EPISODE 159

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Will Bumpus — Concrete Rose

August 10, 2022

Pre-Seed
Seed

Will Bumpus from Concrete Rose joins us today.  Concrete Rose has grown quickly and is now leading rounds with $1-2M checks to support a virtuous cycle of wealth and opportunity for underrepresented communities of color.

Will tells us about his own focus on sustainability and where that came from in his life. He also shares why he and his partners may (hopefully) be part of a growing trend of VCs pledging a percent of their carry (50%!) to give back to nonprofits.

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Full transcript

Today I'm in person in Venice with my friend and neighbor Will Bumpus from Concrete Rose.  Thank you for walking across the street to be here.

Will is one of the partners at Concrete Rose, a seed and Series A fund dedicated to closing the wealth and opportunity gap that exists for people of color. Before Concrete Rose, Will was chief of staff at Headspace. He was in Corp dev at Guangxi and heading business operation activities at Activision.

I'd love to start with concrete roads. You guys have grown really quickly and I’d love to hear about the genesis and the opportunity that you guys saw.

Yeah, like you were saying, our vision and mission is how do we create a virtuous cycle of wealth and opportunity for underrepresented communities of color. And so, one of the biggest forms of wealth creation that we think is gonna happen, at least in the US, is through tech and entrepreneurship.