In the past five years, crowdfunding sites like Kickstarter and Indiegogo have revolutionized the way entrepreneurs go about raising capital for new business ventures. Although these sites have helped turn countless of startup pipe-dreams into a reality, a significant number of entrepreneurs, Blacks in particular, aren’t necessarily feeling the same love…until now.
BlackStartup recently made its debut with a crowdfunding platform that focuses on funding projects and ideas benefiting African Americans.
Founders Nathan Bennett-Fleming, Olugbolahan Adewumi, Aaron O. Brien, Kyle Yeldell, and Christopher Hollins are determined to close the “Black startup gap,” as they call it, by attempting to fix the root cause: lack of capital.
“I think it is important that we encourage non-profits and social enterprises to raise resources on our platform to address social problems facing the African-American community,” BlackStartup CEO Nathan Bennett-Fleming told NewsOne.