ECONOMIC INEQUALITY IS A MORAL ISSUE AND A BUSINESS ISSUE
Black ($24,100) and Latinx ($36,100) families median net worth is a fraction of White families ($188,200).
ENTREPRENEURSHIP IS A CRITICAL PIECE OF THE SOLUTION
In 2018-19, the global startup economy generated $2.8 trillion in economic value. The lack of diversity in the innovation economy means little of that wealth reached communities of color.
INTENTIONS ARE NOT MATCHING ACTIONS
60% of VCs want to invest in more entrepreneurs of color but only 2.6% of startup executives are Latinx, and only 2.1% are Black. To match working-age U.S. demographics, startups need 6.7x more Latinx and 5.6x more Black executives.
BUILD FROM THE START
Studies show that after the 15th employee is hired, you’re guiding a ship that has already created its path. If companies want a diverse, equitable, and inclusive culture, they must commit from day one.
COLORWAVE FELLOWS PROGRAM
We recruit highly-talented professionals of color for an 8-week program focused on understanding the innovation economy and disrupting the network based hiring practices of Silicon Valley via personalized introductions to hiring managers.
COMPANY AND VC PARTNERS
We partner with venture capital firms and their portfolio companies to support their efforts toward achieving a more equitable and inclusive innovation economy.