TEDCO’s Builder Fund is Closing the Investment Gap for More Entrepreneurs

Les Williams

Although we’re told business isn’t personal, the reality is that business is built on relationships.

In other words, it’s not what you know, it’s who you know. And if the numbers tell us anything, it’s that socially and economically disadvantaged entrepreneurs need more chances to connect to new networks that have the resources to push their businesses forward.

Less than 2.2 percent of venture capital funding goes to female foundersacross a meager 4.4 percent of total overall investments. Only 1 percent goes to African-American founders and another 1 percent goes to Hispanic founders.

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