Tracey Amara Thompson: Investing in, Supporting Diverse, Female, Minority Founders
Tracey: Thanks for having me, Spiffy! Did you know that founders from some of the largest and highest growth populations have historically been underfunded. As commonly cited, less than 2% of VC funding goes to minority and female founders. However, these communities are driving the US economy forward, and these founders are outperforming the average. As a result, many problems faced by underrepresented communities have gone unsolved, high-potential founders have been underfunded, and significant spending power has been untapped. SoGal Ventures, founded by Pocket Sun and Elizabeth Galbut, is doubling down on the thesis that underrepresented founders, underserved problems, and undercapitalized geographies are the biggest investment opportunity of our time.