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How Venture Capitalist David Motley is Trying to Bring Back Pittsburgh’s Black Residents
David Motley (MBA 1988)
David Motley (MBA 1988)
A recent Wall Street Journal profile details the efforts of venture capitalist David Motley (MBA 1988) to rebuild Pittsburgh’s Black population.
As the article notes, the city “has lost 9% of its Black population, and it is losing that population at a much faster annual rate than other cities such as Chicago.” To help stem the tide, Motley has cofounded a $50 million fund focused on startups with Black and diverse founding teams, launched a nonprofit dedicated to getting more Black executives on corporate boards, and is breaking ground on an “affordable and market-rate housing development.”
Motley told the Journal that his efforts to build a strong middle class required long-term investment. “How do you make this new economy available for more people?” he asked the paper. “There’s not going to be an overnight fix to this.”
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