WHY BECOME A PARTNER?
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.
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.