That’s why we have put together a resource guide specifically geared toward helping our Black students & founders find the tools they need to better navigate the startup ecosystem. This guide will be updated regularly, if you know of any resources that could be of help to these founders, please share them here.
There are many incubators, accelerators, and communities dedicated to supporting Black founders. Below are some resources that can provide Black founders business development and leadership opportunities.
In 2020, Crunchbase reported that just 2.6% of the total $87.3 billion in venture capital funding went to Black and Latinx founders. In 2018, Equal Ventures partner Richard Kerby found that 81% of venture capital firms didn’t have a single Black investor. Many organizations and initiatives are fighting to normalize inclusion in the funding community. Here are some of them:
Another funding opportunity for founders is by entering in a pitch competition. Check out these competitions that focus on funding Black and minority led startups.
During times like these, it is important that you make your mental health your number one priority. For founders, starting and managing a business can take a toll on your mental health. Use these resources and programs to maintain your mental health, which in return will benefit your business.
If you or a loved one are in a crisis, click here for Ayana Therapy’s list of resources.
Actively reading books, magazines, and articles can help develop your strategy as a business owner. Check out these resources with readings and media curated specifically for Black founders.
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