Featured in Crunchbase: How to Address the Startup Funding disparity
Kinsey Wolf, founder of Lane Collective, works closely with early stage startup founders. As a result, she sees firsthand how difficult it can be for founders to access capital. And while it’s difficult for everyone, the data is clear: it’s especially hard for minority founders. She shared 3 ways to address the disparity in startup funding to minority founders in this article for Crunchbase.
3 Ways To Address The Disparity In Startup Funding To Minority Founders
Since 2015, Black and Latinx founders have raised just 2.4 percent of total venture capital invested. Plus, the current VC funding system capitalizes women and minority founders at 80 percent less than businesses overall.
Bottom line: Existing funding options fail to meet the needs of founders, especially minority founders.