Black women founders are the fastest growing demographic of entrepreneurs out of any throughout history. These founders are best equipped to solve some of the world’s largest unmet needs, and have a legacy of reinvesting in their communities and creating intergenerational wealth. However, Black women entrepreneurs are met with the greatest barriers to accessing capital. This is bullshit.
This perpetual systemic discrimination, the unwillingness & inability of Silicon Valley and venture capitalists to effectively diversify their investments, the disproportionate effects of COVID-19 on entrepreneurs of color, and generations of inequities against Black people are absolutely inexcusable.
SoGal Foundation has teamed up with Winky Lux, bluemercury, twelveNYC, Twilio, Walmart.org’s Center for Racial Equity and other sponsors to make a small step towards progress by providing several $10K and $5K cash grants to Black women or nonbinary entrepreneurs.