Investing in women business owners will increase job creation, and re-investment into other areas of the community. Female entrepreneurs often hire other women or people of color, providing more access to jobs. This not only creates individual wealth but generational wealth. By providing access to funding, investors are also supporting the broader community of women entrepreneurs.
Women of color are the fastest growing group of entrepreneurs but they only receive 0.2% of funding. Women-owned business (that receive venture funding) outperform their male peers by as much as 63%. These women are innovative, ambitious and brilliant – they have incredible business ideas. There are many institutional biases that women of color face. When we think of an entrepreneur or someone who’s successful and powerful, we don’t often envision a woman of color. That inherent bias really creates critical hurdles.
Over the last decade the number of businesses owned by women of color have skyrocketed, increasing by 322% despite a lack of capital investment. Research by Project Diane, finds that black women-led startups have raised just 0.0006% of the $424.7 billion in total technology venture funding raised since 2009.
Minority Women Capital is committed to diversity in the hiring of Emerging and Minority-owned investment managers. It is our policy to include qualified businesses owned by minorities, women, and persons with a disability in the investment manager selection process and to objectively evaluate all qualified investment manager candidates regardless of race, gender or handicap. Not having racial and gender diversity in fund managers and business operators is a true business risk, particularly as diverse teams perform better.
By creating a community of women entrepreneurs, investors and fund managers, Minority Women Capital expects to drastically improve the US and the global economy, by creating more jobs, better access and better returns for our investors and better communities and opportunities for all.
Minority Women Capital invests in minority- and women-led funds and in minority and women led direct investments. We invest into diverse fund managers and entrepreneurs to grow their businesses and drive economic opportunity in their communities and globally.