The Alliance for Community Development is a 501(c)(3) nonprofit dedicated to increasing access to capital for underrepresented entrepreneurs including but not limited to women, people of color, and veterans.
WHY: Businesses that are minority, female, or foreign-owned are 21.7%, 2.6% and 8.8% less likely to raise private equity funding, respectively, than their white male counterparts. Additionally, minority, female, and foreign-owned companies are also 22.2%, 18.7% and 17.9% less likely to successfully raise a venture round than companies run by American-born white males.* We believe in creating an equitable economy for all.
HOW: We support Bay Area entrepreneurs primarily in two ways:
The BACC Conference brings together entrepreneurs, business and financial experts from all ages, gender and cultural backgrounds. The conference presents panels, keynote presentations and a pitch session by venture fundable companies with diverse leadership teams. The pitch finalists receive free coaching and the opportunity to present to investors and the public at no cost. The judges give feedback and select the most fundable and highest social impact business model.