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Underrepresented Founders Will Have The Chance To Win Equity-Free Cash Prizes Of Up To $25K — Here's How

Circle and SeedInvest have launched a collaborative effort to support underrepresented founders. According to a press release, the Community Pitch Competition will be underway on June 1, 2022. The event will provide participants access to capital, networking, and business-building tools in hopes of propelling their business forward. What’s more, the competition will be free to enter. In the end, three founders will take home a prize pool of $5,000, $10,000, or $25,000 coupled with the option to secure funding on SeedInvest with $10,000 in fees waived. Plus, the winners may be in contention to secure bonus prizes from Ramp, Braze, and EY to bolster their business, with the stipulation that they meet additional outlined prize partner qualifications, according to the press release. “Underrepresented founders still do not have the same access to capital and economic opportunity, especially at the critical early stages of a startup,” said Rod McLeod, VP of Social Impact at Braze,...

Samantha Dorisca

Apr 26, 2022

High Street Equity Partners' $15M Fund Looks To Close Equity Gap In Venture Capital

The growing number of Black and brown businesses in the United States goes hand-in-hand with the widening racial equity gap in the venture capital world. To combat this, Mitch Brooks and Tristan Wilkerson — general partners of High Street Equity Partners — are using their impact and expertise to close that gap for founders of underrepresented businesses across the country. According to theGrio, the duo has established a $15 million fund under the guise of principle and purpose to support businesses who have potential to thrive amid the pandemic. Brooks tells the outlet, “I just felt really moved to do something in the formal investment vehicle and I spoke to Tristan about that and we started to do our due diligence and here we are today.” theGrio shares that Brooks and Wilkerson — both long-time friends and angel investors in Black-owned businesses — named their fund after a historic street in Little Rock, AR to pay homage to what was once the center of business and innovation where...

Njera Perkins

Apr 28, 2021

Founder Gym and Google are Teaming Up to Help Minority Founders

Founder Gym , the popular 6-week online training program for entrepreneurs, is partnering with Google to elevate more underrepresented founders and help them gain the skills to scale their businesses. Google and Founder Gym’s first project was a pilot program that started last March. “For the first time, Founder Gym is bridging this gap by giving underrepresented founders the opportunity to be directly trained by some of the most experienced and successful venture capitalists and founders in the world,” Founder Gym CEO Mandela SH Dixon told AfroTech. Google Startups is paying for startup leaders to participate in Founder Gym’s virtual courses. Founder Gym has online pre-seed and seed cohorts to help founders at various stages of their companies. The pre-seed cohorts offer daytime and evening sessions that educate entrepreneurs on the legal preparation of their company, how to find funding and effectively pitch to investors. The seed cohorts cover topics on the mentalities of venture...

Arriana McLymore

Feb 13, 2019