Updated: Apr 16
Will Black businesses go extinct? With the state of the world as it is with the pandemic, Black businesses have been hit the hardest. According to this study, 41% of Black-owned businesses experienced the most losses in 2020. If this continues, it will be harder for Black-owned companies to recover, and most of these businesses have no choice but to close their doors. And considering the long-standing broader racial inequalities, how do we prevent this from happening? Black Girl Ventures (BGV) exists to create and provide a level playing field for underrepresented Black and Brown women-identifying founders who have long gone unnoticed by investors. Just 1% of Black women receive funding from investors compared to their White counterparts who receive 77%.