Though only .2% of start-ups led by black women receive VC funding, their ideas generate a whopping $44 billion in annual revenue.
Black women are the fastest growing group of entrepreneurs in the country, generating over $44 billion a year in revenue. So why do fewer than one percent of their start-up ideas get funded? When a start-up earns $1 billion in venture capital, people like to call it a “unicorn.” But we’d like to introduce you to a few true rarities: black women making it work in tech.
\nKelechi Anyadiegwu: Founder, Zuvaa \n
Sayreville, New Jersey
Kelechi Anyadiegwu (pictured above) is a little shy when she answers questions about the process of launching her online African clothing retailer and social platform, Zuvaa. “I just went for it. I didn’t see anyone doing it and I’ve never really been interested in having a traditional 9-to-5 office job, so one day I thought of it and started building out the site. The next day, I created the social media accounts for it. My method is probably not the best way to go about starting a business, but that’s how it worked out for me.”