BlackCrowdfundig.net about
Core beliefs
Domestic financial markets are broad and well functioning, for the most part. These markets have, however, ignored investment opportunities in markets populated by minorities and women. Certain institutions have been the beneficiaries of an unprecedented increase in financial market activity and asset values. For these institutions, devoting even a small percentage of assets to markets populated by minorities and women will help even the distribution of income and wealth, contribute to domestic political and economic stability, and earn a competitive return. It is our belief that the Nation, investors, women, and minorities are well served by these efforts.
Mission
Domestic financial markets are broad and well functioning, for the most part. These markets have, however, ignored investment opportunities in markets populated by minorities and women. Certain institutions have been the beneficiaries of an unprecedented increase in financial market activity and asset values. For these institutions, devoting even a small percentage of assets to markets populated by minorities and women will help even the distribution of income and wealth, contribute to domestic political and economic stability, and earn a competitive return. It is our belief that the Nation, investors, women, and minorities are well served by these efforts.
Mission
Our goal is to solve
the issues of unemployment and a lack of wealth in the African American,
minority and women-owned business community.
How
Via crowdfunding, we create new investment and financing strategies that
generate wealth and employment. These are independent, ethical and entirely new
approaches to addressing economic issues in African American, minority and
women business communities.
The Washington Post
For a variety of reasons, these groups have often struggled to tap more traditional financing mechanisms, such as bank loans and venture capital. Cunningham said that fact was compounded during the economic downturn as many black families lost wealth when home values soured and unemployment climbed.“Most people start a business by taking out loans on their houses or going to friends and family and raising money that way,” Cunningham said. “If you’re in a demographic where your housing wealth has been impacted significantly negatively, then that’s less of an option with respect to raising capital.”Crowdfunding presents a more promising option, he said. It allows an entrepreneur to raise money for his or her start-up online by collecting small investments or donations from a large number of people. View The Full Story
