Did you know that less than 3% of venture capital in the United States goes to women-led teams1 and only 1% goes to Black and Latinx founders2, 0.32% to Latinx women, and 0.0006% goes to Black women3? Across venture capital and private equity more broadly, of the $69 trillion of global financial assets under management across, less than 1.3% is managed by women and people of color4. We want to change this!
Join us and other like-minded funds, angel groups, and other investors/entities with an investment thesis that includes investing in scalable companies led by founders of color. Next Wave Impact is convening this showcase on Monday, May 11th in Denver, Colorado as part of Next Wave Impact’s Investor Summit and the Angel Capital Association’s Annual Summit. We will have up to 10 finalists presenting their companies at our Founders of Color Showcase that evening.
We’d like you to attend this event with the intent of investing in one or more of these companies after undertaking your own due diligence or in collaboration with others. We would also like you to suggest U.S. companies to present. We are going to prioritize U.S. companies that are currently raising funding rounds, that our partners are considering for investment or are already investing, and/or that fit the investment theses of the investors attending this event. Ideally, investments will be completed no later than June 30th, 2020.
If you are an investor interested in partnering with us and/or recommending a company, please fill out this FORM.
If you are interested in attending the event, you can register HERE.
January and February: Open Application Period (Deadline February 29th, 2020)
March: Initial screening and interviews
April: Due diligence and selection of finalists
Monday, May 11th, 2020: Founder Showcase 5-8 pm
If you are a founder of color and are interested in applying to present at the showcase, please fill out the following FORM if you meet ALL of the following criteria:
Some of our Partners include:
Village Capital, Social Venture Circle, Rockies Impact Fund, Techstars, VentureWell, VC Include, Camelback Ventures, Impact America Fund, Women’s Investor Network, and more!
For Partnership and Sponsorship Opportunities please email firstname.lastname@example.org
1 Pitchbook, 2019
2 Kauffman Foundation, 2018
3 DigitalUndivided, 2018
4 Stanford University, Illumen Capital 2019