WHY BECOME A PARTNER?

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THE FACTS

  • Over a half century, women have gone from owning 4.6% to 40% of all businesses. However, these businesses account for only 8% of all employment and 4.3% of total revenues.

  • 88% of female entrepreneurs make less than $100k in annual revenue.

  • Only 1.7% of female entrepreneurs make $1M+ in annual revenue, which constitutes 69% of total woman-owned business revenues.

  • The number of women-owned businesses grew 58% from 2007 to 2018. However, firms owned by women of color grew nearly 3x’s that rate at 163% However, not only are revenues for women of color owned businesses less than their non-minority women counterparts, it has declined in the last 10 years.

THE OPPORTUNITY

  • Movin’ on up to $1Million: Given the massive contributions $1M+ businesses are making, if we focus on graduating more women-owned businesses from the $100,000 to $999,999 category into the million-dollar-plus category, it will yield big economic gains from a healthier economy, job creation, and upward economic mobility.

  • Job & Revenue Creation: If revenues generated by minority women-owned firms matched those currently generated by all women-owned businesses, they would add four million new jobs and $1.2 trillion in revenues to the U.S. economy.

  • Innovate: Women constitute 80% of purchase power and there is $2.5 trillion combined spending power between Black and Latino consumers. Companies have an opportunity to collaborate with founders innovating in markets that are underserved and that they know best.

  • Get in on the ground floor: Engage with a community passionate about building game-changing companies in the early-stages.

IMPROVING outcomes for female entrepreneurs isn’t charity,

it’s smart business.

*Data from 2018 State of Women Owned Business Report by American Express


Become a Partner

If you would like to learn more about becoming a partner with us, fill out the form below and our team will get back to you.

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