"Over-mentored and underfunded" is what GPs Diane Yoo, MBA and Maria Odiamar Racho, MSOD see again and again meeting AANHPI female founders around the nation. Yet, while these AANHPI female founders are underestimated, through their resilience and grit they are over performing! Not only are they building incredible companies, they are lifting up the communities around them along the way. FilKor Capital is on a mission to uncover and elevate these hidden gems! ?? Thank you for amplifying these insights, Samantha Katz!
"Of the $800 billion in federal dollars given to #smallbusiness owners through the federal Paycheck Protection Program during the pandemic, only?$7.7 million?went to AAPI-owned businesses. More than 2 million?businesses?in the U.S. are owned by Asian Americans or Pacific Islanders, according to the Asian/Pacific Islander Chamber of Commerce. As of 2020, federal #government #data: 171,400 businesses were owned by Asian American women and 2,600 by Native Hawaiian and Pacific Islander women.?Yet the number of AAPI business owners is estimated to have?decreased?by more than a 1/4 since the start of the pandemic. 'Data on Asian American, Native Hawaiian and Pacific Islander women is limited and fragmented at best.' Center for American Progress If the wage gap fails to close, the National Women's Law Center estimates that AAPI women working full-time, year-round stand to lose $267,000 over the course of a 40-year career. #Entrepreneurship is a valuable pillar for Asian American, Native Hawaiian and Pacific Islander women to build #wealth, but they still face challenges getting fair access to #capital and other barriers to success. Language barriers, as well as a lack of #banking relationships, have limited AAPI entrepreneurs’ access to #loans and capital. Hello Alice 'A looming recession threatens to widen the #funding gap. The pandemic has only worsened America’s child-care deserts, leaving many AAPI women entrepreneurs to make "an impossible decision” between running their businesses or caring for their families.' Sharita Gruberg National Partnership for Women & Families 'While there are dozens of professional #networks to connect these women with #mentors, “very few” provide the capital they need to grow and sustain their businesses in the long term.'" Gloria Lau FoundHer YWCA USA Isabella "Bella" Hughes Morgan Smith CNBC #InspiredByYou Taj Ahmad Eldridge #InfluencedByYou Source: https://lnkd.in/ekJCyFEi Mentions: Sung Yeon Choimorrow Yvonne Hsu National Asian Pacific American Women's Forum (NAPAWF) #business #investing #banking #Venturecapital #privateequity #markets #diversity #equity #inclusion #fintech #restaurants #foodandbeverage #consumer #personalcare #wellness #careeconomy #retail #careers #jobs #economy #commuunity #money #cultureofmoney tymfi: Chiling Tong Elizabeth Gore Carolyn Rodz Dorri McWhorter Jill O'Donovan Darien Siguenza IDiF Taskforce on Inequality Related Financial Disclosures - TIFD AAAIM National Venture Capital Association CFA Institute Transact Global Jacki Zehner Sallie Krawcheck Ladies Get Paid Gilbert Andrew Garcia Gillian Marcelle, PhD Yael Rozencwajg Michelle Tran NYC Fintech Women Anne Clarke Wolff Janna Meyrowitz Turner Chief Erin Gallagher Dee Poku Spalding Susan McPherson