Started up to help entrepreneurs with their own startups, Ten Figures is a culturally competent management consulting and venture capital firm supporting the development of BIPOC and/or women entrepreneurs. “I believe great entrepreneurs are a mix of both nature and nurture. Now, I am trying to prove that great entrepreneurs can also be great investors by using the same philosophies and lessons in helping other entrepreneurs maximize their fullest potential,” says CEO Justin Bayless, who founded the company one year ago.
Ten Figures was created after Bayless sold Bayless Integrated Healthcare and saw there was a lack of diversity in the startup and venture capital space. In fact, he found that less than 2% of capital goes toward minority founders. This was the impetus for him to create a vehicle that allowed for the development of entrepreneurs — helping them through the very challenges he overcame to build his own company.
“I put in the time and effort and refused to give up on something I was passionate about. I’ve always called this my ‘Relentless Mentality,’” Bayless shares. Following advice from his best friend to “remain authentic and yourself with what’s important to you and let it build from there, Bayless persevered through the initial startup challenges.
Ten Figures provides resources and in-house capabilities (coaching, mentoring, and a mental health performance coach) to support early-stage healthcare companies in their growth and development by investing in them through a Special Purpose Vehicle (SPV). Ten Figures seeks entrepreneurs who can utilize the team’s expertise, guidance, and resources to sustainably grow their company and impact their community.