A Dime to a Dollar.
That’s the gap between the median net worth of an Black American family ($17,000) and a white American family ($170,000). 1 in 5 Black families have zero or negative net worth–twice the rate of white families. Today in America, Black entrepreneurs access less than 2% of venture capital. Sagamore is privileged to partner with Minority Entrepreneurship Institute, InnoPower, and COhatch to help close the wealth gap by accelerating high-growth entrepreneurship and impact investing.