BlackStartup.com Helps Black Owned Businesses Secure Funding

While many aspiring and new African-American business owners have the passion and drive to get their company off the ground, there are overwhelming challenges that come to play once funding-time hits. Suggested Reading EXCLUSIVE: Michael B. Jordan, Ryan Coogler Break Down How ‘Sinners’ Helped Them Reconnect With Their Southern Roots D.C. Woman Accused of Squatting…

Black Enterprise

Published

April 23, 2013

EXCLUSIVE: Michael B. Jordan, Ryan Coogler Break Down How ‘Sinners’ Helped Them Reconnect With Their Southern Roots

D.C. Woman Accused of Squatting in Her Airbnb Rent-Free For Nearly a Year — and It Gets Worse

Exclusive: Jasmine Crockett on the Uphill Battle She’s Facing in the Senate Race — and Why It’s So Important

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Samuel L. Jackson, John David and Malcolm Washington on ‘The Piano Lesson,’ Family and Legacy

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Samuel L. Jackson, John David and Malcolm Washington on ‘The Piano Lesson,’ Family and Legacy

A CB Insights report that tracked founders of 165 companies that had received a first round of venture funding during the first half of 2010 revealed only 1% were African American, despite 11% of the U.S. population being black. Meanwhile, 87% of founders who obtained funding were white, and 12% of the startup founders were Asian.

Equity crowdfunding legislation has simplified the funding process for many entrepreneurs, and business owners have been successful with crowdfunding sites like Kickstarter and Indiegogo, among others.

Photo Credit: BlackStartup

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