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For Black entrepreneurs, the racial wealth gap makes finding funding nearly impossible

23 Jul 2020

The first step toward solving venture capital’s diversity problem is investing in minority founders.

In 2016, the Center for Global Policy Solutions reported that due to discriminatory financing practices and a bias towards companies primarily operated by white males, America is losing out on over 1.1 million minority-owned businesses. As a result, the economy is foregoing over nine million potential jobs and $300 billion in collective national income. Four years later, the problem still persists—and then some.

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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