For Black entrepreneurs, the racial wealth gap makes finding funding nearly impossible
When it comes to connecting and investing in businesses founded by Black entrepreneurs, the United States continues to lag behind. Prior to making an investment, major VCs are risk averse and seek for established patterns of success. Black and minority would-be entrepreneurs lack access to the capital they need to get their businesses off the ground in the first place. To make the startup, entrepreneurial, and investment processes more equitable, progressive-led and-owned organizations must work together to help underrepresented entrepreneurs overcome the discriminatory barriers they confront. Increased funding for underrepresented groups in the community means more jobs are created. Versity Partners bridges the #racialwealthgap by providing capital, expertise, and network to #bipoc & #womenentrepreneurs.