INCREASING ACCESS & SEEKING to BUILD WEALTH.
Early-stage venture capital represents a potentially attractive asset class, having outperformed the S&P 500 by more than 123% over the last 20 years (14.1% compared to the S&P 500's 6.3%), but historically has only been available to just 2% of the U.S. population.
In partnership with former Mayor Kevin Johnson, Black Capital by SeedInvest aims to promote economic inclusion for the African American and other underrepresented communities by providing access to the venture capital ecosystem.
This collaboration was created with the vision to elevate communities of color to gain financial independence, build wealth, and decrease economic inequality in this country.
Kevin Johnson currently serves as Chief Executive Officer of Seven Ventures. Prior to his role with Seven, Johnson served as the Mayor of Sacramento for two terms and was an NBA All-Star for the Phoenix Suns. As Mayor, Johnson led the effort to keep Sacramento’s only professional sports franchise, the Kings, in the city by assembling a new ownership group, raising $535 million to purchase the team, and building the recently opened Golden 1 Center. Nationally, he was elected the President of the US Conference of Mayors and Founding President of the African American Mayors Association. Before taking public office, Johnson served as CEO of St. HOPE, a community development corporation focused on education and economic development in under-resourced communities.
($1,000 investment minimum)
Black Capital Access is a program that allows individual investors to easily build a diversified portfolio of startups with investment minimums as low as $200, 50 times lower than traditional venture capital. Through Access, members are able to gain exposure to early stage investing and have investments automatically created on their behalf in qualifying startups raising on SeedInvest's platform.
($50,000 investment minimum)
The Black Capital Fund will leverage SeedInvest’s proprietary platform – including unique sourcing channels, access to a robust investor base, proprietary technology, and a strong position within the early-stage ecosystem – to offer accredited investors a unique vehicle through which to build a diversified portfolio of early-stage startups. Kevin Johnson and SeedInvest’s Co-Founders Ryan Feit and James Han will serve as general partners for the Black Capital Fund.
Note: An “accredited investor” has a net worth of at least $1mm (excluding primary residence), income of at least $200k each year for the last two years, or combined income of $300k if married and filing jointly. "Non-accredited" investors do not meet the above thresholds but can still participate in Black Capital Access. Learn more here.
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