Judd Hollas, CEO of the large investment crowdfunding site EquityNet, shares my passion and enthusiasm for the ways in which crowdfunding can democratize entrepreneurship.
Judd explained, “Race and gender inequalities have existed for years in investing with white males typically leading the pack in both investing in new ventures, as well as in being able to easily access capital for their own ventures. Historically, females and ethnic minorities have either shied away from the investing game or were just left out of it altogether.”
Here are a few specific observations he shared with me:
Nationally, 98% of CEOs/founders in investment funding are male, leaving only 2% females. At EquityNet Crowdfunding Platform, females represent 20.7% of management teams, making the number on this platform over 10 times higher than at the average firm.
On a national level, an average of 80% of managers in the investment funding world are white, with numbers around 1% representing blacks and 5%, Asians. At…