HBCU Seed founder and CEO Terrel “T-Time” Davis is determined to do the best he can to give back to his community. HBCU Seed, one of the first black-owned HBCU venture capital firms and private equity firms, is dedicated to providing funding and resources to HBCU students, HBCU alumni, and HBCU current staff.
Davis is an alumnus of an HBCU Institution and a former student entrepreneur. During his university days, he was juggling his studies as a business major at Oakwood University and starting his own business. As a student, he witnessed three significant problems that student entrepreneurs faced, which are lack of resources, services, and funding. The drive to fulfill these shortages inspired Davis to start his own company called the HBCU Seed.
HBCU is an acronym for historically black colleges and universities. HBCUs are institutions designed to educate African-American students at the tertiary level. The previously mentioned problems that students face in HBCUs hinder them from achieving their full potential. This is where Davis’ company, HBCU Seed, comes in.
The goal of HBCU Seed is that all HBCU institutions will come together as one and collectively put a large sum of investment funding together to provide entrepreneurship services, resources, and invest in the HBCU community. The venture capital and private equity firm primarily invests in minority-owned HBCU student, alumni, faculty, and staff businesses. To widen their reach, Davis partnered with HBCU Foundation, where businesses that are vetted and have received services and resources from the entrepreneurship center consortium will be able to receive venture capital as well.
Through planting the HBCU Seed, Davis envisions having all HBCU institutions become equity partners in the company. Registering as a partner will require a minimal investment of 100,000 dollars per school. Under Davis’ leadership, HBCU Seed is striving to create an HBCU Black Wall Street ecosystem or community where member businesses are entirely self-sufficient, and where their dollars can circulate within the HBCU communities for a minimum of a year. HBCU Black Wall Street will mean that all 107 HBCU institutions will own and fully operate their businesses such as banks, hotels, restaurants, retail stores, airports, factories, studios, and other enterprises.
The firm’s commitment to HBCU communities is a positive company initiative that is aimed at benefiting the black community, which is needed more than ever during difficult times. In these days, where the call for Black Lives Matter rings in the streets and on social platforms, the need to address the concerns of the black community has become more imperative. Netflix recently donated 140 million dollars to HBCUs, and several other corporate entities are giving back significantly.
With his experience as a student entrepreneur, an HBCU graduate, and business owner, Davis addresses those concerns through HBCU Seed. Davis’ struggles and experiences that helped him plant the HBCU Seed has become his drive to cultivate the company further so HBCUs will be able to enjoy the fruits of his company.
For more information on HBCU Seed, visit their official website.