In a column for VentureBeat, Sherwood Neiss of Crowdfund Capital Advisors highlights how equity crowdfunding is already helping to level the playing field for Black founders (who get about 1% of traditional VC funding):
I check in regularly with the various Regulation Crowdfunding platforms on their progress, and this year, their numbers show proportionate representation of Black-led businesses. According to Cencus.gov, as of 2019, 13% of the population was Black. According to George Cook, Co-founder/CEO crowdfunding platform Honeycomb, 11% of all their campaigns have been run by Black founders. And another platform, Seedinvest, has seen 12% of campaigns run by Black founders, according to Aaron Kellner Director of Ventures.
At the bottom of the article there’s a helpful list of companies with Black founders that are currently raising.