The Racial Wealth Gap: A Data-Backed Solution

You may be familiar with the Black funding epidemic (~1% of VC to Black founders), but did you know that the Friends & Family (F&F) round is the largest inhibitor to this gap?

‍Given the racial wealth gap, thousands of Black founders can’t access the F&F round ($23k), making it the largest inhibitor to the Black funding epidemic, where only ~1% of VC goes to Black founders.

We need a new national solution to the F&F round, which we’ve built, tested, and proved: America’s first F&F fund.

If our approach is implemented on a national scale with a $150M annual F&F fund, we can generate ~$5B in Black wealth per year, and make a dent in the racial wealth gap.