I perceived a need, and an opportunity, for entrepreneurs to focus more of their energies and resources on solving problems faced by urban communities.
Moving back to the Detroit area after many years in New Jersey, I had to get reacquainted with the area and the people, and to establish my credibility with a new set of players.
Earlier in my career, I started a technology company called Telecom Analysis Systems, Inc. I started the company in the basement of my home, and sold it 12 years later for $30 million.
Be prepared to work incredibly hard. Make sure you’re not doing it primarily for the money, because that will most likely not sustain your motivation.
I think we will have transformed the way the people think of urban-focused businesses, and that they will be viewed not as social programs, but as a way to both improve communities and to benefit financially.