Minority Seeds is an Accelerator that provides Pre-Seed Funding to Minority Entrepreneurs. There's a huge gap between Silicon Valley and African American Startups.We believe a big reason for this gap is Pre-Seed Funding. Angel Investors and Venture Capitalist say,”If your family and friends don't believe in your Startup then why should we?” The fact is it's hard for Minority Entrepreneurs to get Pre-Seed Funding from family and friends for a tech Startup.
This is largely due to minority communities not being familiar with Startups. So it's easier to get help if you're trying to open a Hair Salon or Barber Shop and much harder if you're asking for funds for a tech Startup. Plus, many Minority Entrepreneurs don't have family and friends with an expendable 10, 20 or 30,000 dollars. Pre-Seed Funding is very important because it helps you go from an Early Stage Startup to a viable Company to present to Angel Investors and Venture Capitalist for larger funding.