The WOCCON Summit is an invitation-only conference that brings together entrepreneurs, allies, and thought leaders to explore ways to help women of color advance on the grow-scale-exit trajectory. The Summit will share stories about the unique entrepreneurial journey of women of color, facilitate honest conversations about allyship, and propose solutions that can lead to systemic change.
While a growing number of Black and Latinx women-led startups crossing the $1MM threshold, the majority of Black and Latinx women-led startups raise significantly less than the average funded startup. For those who have not raised over $1MM, the median seed round raised by Black women founders is $125,000 and the median seed round raised by Latinx women founders is $200,000. As of 2020, the national median seed round funding for a startup is $2.5M. Source: ProjectDiane2020
Your Startup Guru is thrilled to attend the WOCCON Summit and committed to creating a more inclusive entrepreneurial ecosystem. Capital constraint remains a defining problem for the majority of Women of Color entrepreneurs. As our post, What Angel Investors Prefer discusses, there are considerable pre-money valuation and round size discrepancies when it comes to the various demographics of entrepreneurs. This highlights a disturbing flaw in the angel investment community.