Edward Dugger III — CEO
As a founding partner and President of Reinventure Capital, an early growth impact venture capital fund, my professional career has come full circle. An early pioneer in impact investing, I also have had careers as a real estate developer, business strategy consultant, interim CFO and now have re-entered the profession of venture capital with over 30 years of deep business development and venture capital experience and a track record of notable achievements. My VC career began at age 25 and accelerated at age 27 when I became CEO of one of the larger venture capital firms in the nation, backed and mentored by such board directors as the CEO of Morgan Stanley and the Chairman of the Executive Committee of JP Morgan. As one of the earliest impact VC funds, we invested in growth industries to consciously expand business opportunities for entrepreneurs of color achieving an IRR of 32% during its last decade. In addition to generating a top quartile return, I also helped launch some of the most successful African American controlled companies, both private and public, and assisted them in attracting over $2 billion in conventional capital, while achieving 30% diversity among managers and employees and generating over 7,000 family supporting jobs. Although my investment practice was national, I leveraged my successes as a VC to build bridges among disparate local business communities as an early advocate for and practitioner of diversity, equity and inclusion (DEI). As a director of the Federal Reserve Bank of Boston, I co-convened with the Bank several business leadership forums advocating more inclusive business practices. Expanding the effort after harvesting the venture funds, I partnered with the CEO of State Street Corporation to form The Business Collaborative (TBC), a unique business community initiative that dramatically increased the B2B sales volume among major corporations and businesses of color in Massachusetts. Most recently I have responded to our nation's current challenges, stemming from persistent social and economic inequities, by forming Reinventure Capital. Once again I am targeting the vast, untapped reservoir of innovative, entrepreneurial talent, comprised of those of color and women consistently overlooked by the mainstream investment community. In so doing, I am pursuing a contrarian investment playbook as before, ensuring an impact rich return on capital AND inclusion.
Stackforce AI infers this person is a Venture Capitalist focused on impact investing and social entrepreneurship.
Location: Suffolk County, Massachusetts, United States
Experience: 35 yrs 7 mos
Skills
- Venture Capital
- Impact Investing
- Sustainable Business
- Business Development
Career Highlights
- Pioneered impact investing with a 32% IRR.
- Generated over $2 billion in capital for diverse entrepreneurs.
- Advocated for diversity, equity, and inclusion in business.
Work Experience
Reinventure Capital, LP
President (11 yrs 4 mos)
NISE!
Founder and CEO (15 yrs 7 mos)
The Business Collaborative, Inc.
Founder and President (10 yrs)
UNC Partners, Inc.
Founder and President (20 yrs)
Education
Master of Urban Planning and Public Affairs (MPA-UP) at Princeton University
AB at Harvard University
at Paul Laurence Dunbar High School
