SeedInvest is introducing a new investment vehicle – the Black Capital Fund.
The new fund is on a mission to increase access and build wealth for the African American community. SeedInvest states:
“Early-stage venture capital represents a potentially attractive asset class, having returned 14.1% compared to 6.3% for the S&P 500 over the last 20 years, but historically has only been available to just 2% of the U.S. population.”
SeedInvest is a full-stack platform hosting offerings under Reg CF, Reg A+, and Reg D securities exemptions.
The Fund is divided into two parts. The first is the Black Capital Access with a $1000 minimum investment amount. The second is for the Black Capital Fund that only caters to accredited investors – individuals with a net worth of at least $1 million (not counting your primary residence) or an annual salary of over $200,000 (if you are married this number jumps to $300,000).
The Black Capital Access allows individual investors to easily build a diversified portfolio of up to 25 startups with investment minimums as low as $200. The Black Capital Fund is more along the lines of a traditional VC fund.
Of note, is that Kevin Johnson is partnering on the Fund and will be the General Partner. Johnson currently serves as CEO of Seven Ventures, an investment group he founded. Prior to his role with Seven, Ventures, Johnson served as the Mayor of Sacramento for two terms, and before that was an NBA All-Star for the Phoenix Suns.
The goal is to promote economic empowerment for the African American community by providing access to highly vetted early-stage ventures.
SeedInvest has posted a page with more information if you are interested.
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