Skip to content

NFIB California Podcast: The Venture Capital Fund Helping the Smaller Entrepreneurs

NFIB California Podcast: The Venture Capital Fund Helping the Smaller Entrepreneurs

October 13, 2022 Last Edit: March 19, 2026

NFIB California Podcast: The Venture Capital Fund Helping the Smaller Entrepreneurs

Kwame Anku recalls talking to the father of Jeff Bezos and asking him what one thing he offered his son that made the Amazon founder such a success. “Your kids have to see you do what you’re teaching them,” came the reply.

By that rule, Anku had a good role model. His father grew up in Ghana in a house with no water or electricity. After coming to the United States, Vincent Anku worked and saved enough to go to college and earn a medical degree. Dr. Anku’s Cleveland, Ohio, medical practice would eventually grow to two offices with eight full-time employees.

The silent lessons his father had to impart along the way did not go unnoticed by his son, Kwame Anku. “It was only three-and-half years ago that I was walking around Sacramento with a laptop, no fund, no money for the fund, with this crazy idea. And to think, now, we are where we are. We got the portfolio that we have; we got the stature and the respect, and a position of leadership nationally and internationally.”

What drew Anku to venture capital “was more a mindset around solving problems than it was of how we can triple investment here, how could we get X return here. That wasn’t how my mind was hard-wired. My mind was always hard-wired around solving problems.”

And solve problems he did for many African American innovators with a great idea but no capital. The Black Star Fund he co-founded is now one of the nation’s most highly regarded capital funds, having in its portfolio some businesses it backed now making million a month.

“The one piece of advice that people who have had success share is not to quit,” says Anku. “No matter how hard it gets, if what you are doing is adding value and making people’s lives better, if you stay the course and don’t give up, at some point it will start to work.”

In this 37-minute podcast, Anku also discusses:

  • Which musical hero had the biggest influence on him and why
  • The proper role of government in fostering a healthy economy
  • His favorite example of California’s heavy regulatory hand
  • Why the old dichotomies of big business versus small business and boss versus worker are over
  • And. the two forces all successful businesses have.

Click the arrow below to listen to the NFIB California podcast with Kwame Anku. Click here to listen to all past NFIB California podcasts. NFIB thanks Five Star Bank for its sponsorship of this podcast.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

Related
July 20, 2026
NFIB California Main Street Minute, July 20-24
Legislature in summer recess. Coastal Commission curbed. NFIB CA PAC update
Read More
NFIB Small Business Rundown podcast artwork, Episode 90: 'An Inside Look at NFIB's D.C. Fly-In,' featuring three speaker headshots.
Related
July 15, 2026
Podcast: NFIB Fly-In Panel Explores Top Small Business Issues
Recorded during a panel at NFIB’s D.C. Fly-In, small business owners discuss top issues, including credit card swipe fees and Beneficial Ownership reporting.
Read More
Informational table: Small Business Optimism Index Components, June 2026. Columns are Component, Seasonally Adjusted Level, Change from Last Month. Examples: Plans to Increase Employment (net) 11% level (+2); Plans to Make Capital 20% level (+4); Earnings Trends (net) -20% level (-5). NFIB logo below.
Related
July 15, 2026
Is NFIB’s Latest Index the Start of Something Big or an Aberration?
Small Business Optimism survey rose 2.1 points in June survey
Read More
Related
July 14, 2026
NFIB Oregon State Director on National Podcast
Anthony Smith explains how small businesses were instrumental in defeating Measure 120
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility