Michael Jordan, known for his influential stock portfolio, recently faced an unexpected refusal from the largest Black-owned construction management and general contracting firm in the U.S., C.D. Moody Construction. The founder, C. David Moody Jr., shared insights on AfroTech’s Black Tech Green Money podcast about why he turned down the investment offer. Despite Jordan’s prominence as an investor, Moody preferred to build his company without external partnership.
Reflecting on his early business days, Moody acknowledged that additional investment could have boosted his Atlanta-based company during its formative years. However, he ultimately chose to navigate the challenges alone, driven by a desire to test his capabilities independently. For him, the decision wasn’t about difficulty in collaborating or reluctance to receive support, but rather a commitment to personal autonomy in running his business.
Although Moody does participate in the stock market for his personal investments, he was resolute about maintaining control over his company without a partner’s influence. This determination has played a significant role in his journey and in shaping C.D. Moody Construction’s identity. His choice reflects a broader vision to stay self-reliant, a path that allowed him to grow his company from the ground up according to his own standards and principles.
In this way, Moody’s approach highlights a unique perspective on business ownership, emphasizing independence and a personal drive to succeed without reliance on high-profile investors, even ones as notable as Jordan.
