…and less than 4% of the earliest Angel Investors are Black and Latino, though they are 2 of the fastest growing populations in the United States.
On average 78% of the wealth accrues to the investors in Venture backed companies.
……Efforts solely focused on funding diverse entrepreneurs, actually exacerbate these wealth gaps....
…Unless you ALSO have diverse investors as a part of the early funding rounds.
Investor
Investing in private high-growth companies has produced generational wealth for the last 100+ years.
Entrepreneurship
Starting high-growth technology companies can provide a path to wealth generation.
Jobs
High-growth technology companies can provide increased income and upward mobility for underserved communities.
Establish a culture of saving and investing.
Build a pathway to establishing brokerage accounts.
Gain insights to realizing passive income.
Leverage opportunities to apply education.
Provide access to private investment opportunities:
Vibrant and robust economy with an increase in jobs, income, and wealth.
A model for other communities to utilize.
Many social tribulations subside with economic achievement and stability.
White families have nearly 10 times the net worth of black families.
And the gap is growing (Source:
The Washington Post)
Your Financial Support Will Enable the Scaling of:
Investor Education
Best practices in identifying and closing wealth gaps
Self-sustaining model to fund operations over time.
