Kyrie Irving Launches Consulting Firm for Minority Entrepreneurs
NBA star Kyrie Irving is officially getting into the consulting business.
On Monday, Irving announced the launch of KAI Eleven Consulting, a business consulting firm designed to help underrepresented entrepreneurs. The firm provides programs and mentoring for business owners across multiple industries. It also provides personnel access to seasoned development coaches, area managers, and growth groups.
By focusing on community and impact, KAI Eleven Consulting hopes to disrupt financial norms, build sustainable businesses, and support those seeking resources to advance.
“We must give our people the proper resources and stewardship for them to win beyond traditional investment vehicles,” said Irving. “This is not only essential to closing the wealth gap, but it also fosters a more unified, empowered, and liberated society.”
Collaborating for Impact
The firm is also partnering with Lockstep Ventures to provide resources that lessen the financial gap divide in various communities. As part of their first collaboration, the two firms have invested in Fleeting, a Black-owned commercial fleet management company based in Atlanta.
The joint investment will help Fleeting grow its social impact arm to include hiring and training people from marginalized communities, including women and those who were formerly incarcerated.
“I am thrilled to receive this investment from KAI 11 Consulting and Lockstep Ventures to further scale our business and empower those from underserved communities. The trucking industry is one of the fastest-growing in the U.S. and I want to ensure it provides access to everyone who wants to be part of it. I intend to help those in the Fleeting family to become financially independent and even entrepreneurs themselves,” said Pierre Laguerre, founder and CEO of Fleeting.
Later this year, Fleeting will offer a three-month training program for formerly incarcerated men and women to provide them with the tools needed to obtain a commercial driver’s license once released. By removing bias from its hiring process, it gives all employees equal access to financial freedom. Fleeting also provides incentives for women truckers and those with families by providing flexible hours and access to shorter trips.