Some have their own Early-Stage Startup Investing platform where the founders get mentorship and support to scale and grow. Unlike taking out a loan, venture capital firms provide more than financial support. That’s why they participate in shows like “Shark Tank” as well as various startup pitching competitions held across the country. One common option startups use to get funding is by encouraging venture capital firms to invest in them. That’s why startup founders turn to alternative small business funding options to raise the capital they need to launch. Studies show that only 23% of business loan applications get approved by banks. The struggle of getting sufficient funding.The struggle of getting sufficient funding One reason for this is that Black-, women-, and minority-owned startups struggle to get sufficient funds to grow, scale, and thrive. Looking at these figures, you can’t discount the fact that the gender and ethnic gap in the world of startups are very real. African-Americans are third, holding just 11.4% of these businesses. tippmix eredmények tegnapi Hispanics come in second with over 30%. This is just 17.5% of the number of companies operating in the country. Of these, over half of these are owned by Asians. sportfogadás oldalak According to the US Census Bureau, only 949,318 of the 5.4 million businesses in the US are Black- and minority-owned businesses. While these percentages may appear impressive, the actual figures reveal otherwise. Another report published by the US Chamber of Commerce Foundation, close to 30% of all businesses in the US are owned by women. In a report published in Fortune, the number of African-American-owned businesses in the US grew at a rate of 60%. Over recent years, we have been seeing the rise of Black- and minority-owned startups in the US.
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