First published by one of our Nomination Investor groups, Social Venture Circle, written by Colleen Wong.
Join SVC and Next Wave Impact in investing for racial equity!
1-Be a “Company Champion” by nominating a company that is currently fundraising and your fund/angel group has invested a minimum of $100k in their current round ($50k in special cases) – see eligibility requirements here.
2-Share this opportunity with your network of accredited investors – the more investors that attend the showcase, the more capital that will flow to these companies. The goal is that funds and angel groups will make large investments, and we will set up SPVs so individuals can invest a minimum of $5,000 in the company (or companies) of their choosing. This past year has raised awareness about the inequities in the US – this is a tangible opportunity for individuals to help drive positive change by starting to chip away at the incredibly uneven economic playing field for these entrepreneurs, and get more investors in the ecosystem.
In 2020, the first showcase helped to mobilize millions of dollars of investment, including nearly $1M of investment into five companies through special purpose vehicles (SPVs). With more than 200 registered investors, it was great exposure for ten founders of color who pitched and all 20 of the semi-finalists.
Please read here for additional details and eligibility requirements for the 2021 showcase.
I hope you join us in supporting these underrepresented entrepreneurs and changing the future of investing.
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