How J.P. Morgan is responding to the call of underrepresented founders and consumers of color - Tearsheet
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from Tearsheet5 months ago
Even as the number of women-owned businesses has risen significantly, with women owning 39.1% of all businesses by 2024, challenges persist that limit opportunities for these entrepreneurs.
Tearsheethttps://tearsheet.co/10-q/how-j-p-morgan-is-responding-to-the-call-of-underrepresented-founders-and-consumers-of-color/
J.P. Morgan’s research highlights that bridging the revenue gap for diverse entrepreneurs could lead to an additional $667 billion in economic contributions, emphasizing the untapped potential of underrepresented founders.
Tearsheethttps://tearsheet.co/10-q/how-j-p-morgan-is-responding-to-the-call-of-underrepresented-founders-and-consumers-of-color/
Despite progress, men dominate ownership in the business sphere, showcasing that while women’s presence is increasing, structural inequalities still hinder their rise in the startup landscape.
Tearsheethttps://tearsheet.co/10-q/how-j-p-morgan-is-responding-to-the-call-of-underrepresented-founders-and-consumers-of-color/
To address the biases that affect funding, Ashraf Hebela indicates that the first step is a thorough investment in building a national startup banking system that supports diverse founders.
Tearsheethttps://tearsheet.co/10-q/how-j-p-morgan-is-responding-to-the-call-of-underrepresented-founders-and-consumers-of-color/
Read at Tearsheet
#equity #women-entrepreneurs #diversity #startup-funding #economic-growth
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