Money as a Movement

623 State Street,Salt Lake City UT 84111

19 May, 2022

Description

How social movements led by women of color are inspiring a new way to democratize access to capital We are so thrilled to host Tracy Gray, founder of The 22 Fund, and Gayle Jennings, founder of the WOCstar Fund, to learn more about how they are activating women’s financial power for change through The Ally Capital Collab, an initiative they created to channel more investment to VC funds led by Black and Brown women. “The marches and protests may have stopped, but the work hasn’t.” Just 0.6% of all VC funding goes to Black or Latinx women-led companies. Not only does this illustrate the staggering inequities of our financial systems, but it also represents a massive missed economic opportunity: the US GDP has lost over $500 billion by not investing in Black women, and a total of $16 TRILLION because of systemic racism. To address this gap, Tracy and Gayle are reimagining access to capital by creating more visibility and support for and, ultimately, investment into funds that are specifically designed to invest in these overlooked and underestimated founders. In order to do so, they are drawing on the rich history of women of color and other underrepresented communities who have driven social change and sparked movements by activating allies and mobilizing resources across sectors. By applying these lessons to our current financial structures, not only are Tracy & Gayle channeling more investment into diverse funds and founders, but they are also creating opportunities for new investors–women, in particular–to be a part of this movement. Join us as we explore the power of activating women and galvanizing our finances to create change. Drinks + Light Refreshments to follow.