Skip to main content
SHARE
IMPACT

Investing in Local HBCU Entrepreneurship & Talent 

by Burt’s Bees | 9 min read

Nourishing Our Entrepreneurship Roots Locally 

Burt’s Bees got its start as a backwoods bootstrap venture. Burt Shavitz was a photojournalist-turned-beekeeper, co-founder Roxanne Quimby studied art, and their startup capital was a 200-pound stash of beeswax. They still managed to create a business that helped inspire and grow an entire category of better-for-you products. 

We know our origins were unconventional—it’s far more common for entrepreneurs to emerge from business school. So, we’re thrilled to support entrepreneurship locally through a partnership with North Carolina Central University (NCCU), a historically Black university just a few blocks from our downtown headquarters. Our partnership is two-fold: 

  1. Investment in their Eagle Angel Network, to help provide access to resources for NCCU and community-based entrepreneurs in our local community of Durham, North Carolina.
  2. Development of a mentorship program to connect employee mentors with business school students through case study-led small group projects. 

Spotlight on Historically Black Colleges & Universities 

Historically Black Colleges and Universities (HBCUs) were founded starting in 1837 to provide a pathway to higher learning for African Americans, who were refused admittance to many colleges and universities. HBCUs have a strong legacy of defying incredible odds to thrive despite underfunding relative to predominantly white institutions (PWIs). 

Much like the wealth gap between Black families and white families, there is an endowment gap between HBCUs and PWIs. The Century Foundation found that the endowments of public and private PWIs were three to seven times higher than those of public and private HBCUs.

Because of both the wealth gap and the endowment gap, Black entrepreneurs are doubly disadvantaged when it comes to accessing startup capital. 

Growing NCCU's Eagle Angel Network 

We’ve pledged $25,000 per year for five years to the NCCU Eagle Angel Network, to broaden access to angel investment dollars for NCCU entrepreneurs and other historically marginalized entrepreneurs in the broader Durham community.

North Carolina is home to ten 4-year HBCUs, and Durham has a strong history of Black entrepreneurship. Known as Black Wall Street at turn of the century, it was home to the largest Black-owned and operated insurance company, North Carolina Mutual Insurance.

The NCCU Eagle Angel Network (EAN) aims to help restore that legacy. The network is led by Dr. Henry McKoy, former assistant secretary of commerce for North Carolina and director of entrepreneurship at North Carolina Central University's School of Business, where he is lead entrepreneurship faculty. 

“Capital plays such a critical role in the founding and growth of businesses in society. It is often the first small investments into an entrepreneur and his or her ideas that builds their spirit and confidence. This investment from Burt’s Bees is significant in helping North Carolina Central University support the work of closing the racial wealth gap through entrepreneurship” 

--Henry McKoy, Managing Director of NCCU Eagle Angel Network

NCCU’s Eagle Angel Network is part of the Triangle Venture Alliance (TVA), which also includes angel networks from UNC-Chapel Hill, Duke University, and North Carolina State University. Each of the Non-HBCUs in the TVA have developed programs with full staff, due to leveraging endowments and alumni networks.

Our support of NCCU’s Eagle Angel Network will help grow the network’s operations through:

  • Administrative support for the network’s operations
  • Technology platform to connect entrepreneurs and investors
  • Marketing of the network to possible investors
  • Direct investments in local entrepreneurs
  • Development of a student fellowship program on entrepreneurial investment 

Henry McKoy, Managing Director of NCCU Eagle Angel Network

Advancing Black Leadership and Talent 

As part of our commitment to actively seek BIPOC talent and invest in the advancement of Black leaders, we’re focused on recruiting from regional Historically Black Colleges and Universities. In cooperation with our parent company, our partnership with the NCCU School of Business also includes a commitment to mentorship.

 

We’re kicking off a program pairing Durham-based Burt’s Bees and Clorox Company executive mentors with business classes. Mentors will provide the class with a Burt’s Bees case study and mentor students in small groups to develop solutions as a class project. We’re also planning to host a mock interview event and meet and greet with our team at our downtown Durham Campus. Our hope is to expand our relationship with NCCU business students and create a pathway to internship or employment. 

"We're excited to partner with Burt's Bees and the Clorox Company to bring together our talented students and an amazing company. This innovative public-private partnership can serve as an example of how bringing all our resources together improves our community and builds opportunities."

--Laura Graham, NCCU Business Communications Lecturer

Meet the Mentors

Sabra King

Project Manager. Enterprise Data & Technology 

“I’ve been an IT professional for over twenty years in various roles enabling corporate objectives to be actualized. My youngest son graduated from Early College High School at NCCU and entered college as a sophomore. I have benefited from mentorship my throughout my career. It is very rewarding for me to give back to the community in which I reside.” 

Angeline Serushyana-Bettis

Procurement Contract Manager, Enterprise Data & Technology

“I am thrilled to work with students at my alma mater, NCCU—where I received a B.A. in Political Science and Juris Doctorate from the School of Law. As a survivor of genocide from Rwanda, I have overcome many challenges in my life to find a rewarding and successful career. I wanted to participate as a mentor to encourage someone else’s development and to be available for a young soul to bounce ideas off of someone—something I never had.”

Jay Golt

Manager of Service Management, Enterprise Data & Technology

“I studied English Literature and Communication in college and have had a wide variety of career experiences—from television production to enterprise technology. My hope is to bring a diversity of experience to the table as a mentor. I think I can share a few tried and true options for what success might look like, along with a few hard-learned lessons around what not to do. I am looking forward to meeting the students and digging into our Burt’s Bees case study.”

SHARE
Discover More
IMPACT | 4 MIN READ

Grateful for Community

We teamed up with Communities in Partnership to support their work to create a more equitable community in our home town.

IMPACT | 6 MIN READ

Stronger Together

Here’s how we’re making progress toward our diversity, equity & inclusion commitments.

IMPACT | 7 MIN READ

Our Co-Founder’s Story

Meet the inspiring woman behind Burt’s Bees. 

SORRY ABOUT THAT!
This item is currently not available for purchase, but don’t fret! Just enter your email address below and we’ll notify you when it’s available for purchase.
“You’re getting close to maxing out! Your cart that is. You currently have 95 items in your cart and we have a maximum of 100 per order. If you’d like to order more than 100 items, you will need to place two orders. Thanks for shopping on BurtsBees.com, we love that you love our products so much!”