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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.
The Racial Wealth Gap
Download the PDF here
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Chicago, IL 60654
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