Only 1 percent of venture-backed startups in the U.S. are founded by African-Americans. In 2011, 89% of venture capital investors were male, only 2% were African American or Latino. If these numbers bother you, that's OK, but you must understand the big picture: Unfortunately, traditional regulations on who is allowed to provide venture funding was limited to only about 3% of Americans (the majority of which were wealthy White men). Previously, you had to have a net worth of at least 1Million to be qualified as an accredited investor. Of that tiny 3% only 300,000 individuals and 500 firms actually do any investing. This type of elitist system is a major part of the reason why American innovation and wealth creation remains with the same group of people. Fortunately, things are changing slowly. On October 30th, the SEC voted to permit equity crowdfunding for non-accredited investors. This will broaden the investor base and hopefully lead to a more diverse field of investors, business owners, & more innovative solutions coming to the market. ✊🏾 #413ways (at Syracuse University)














