The 640 NWS
Black women are starting businesses faster than any other demographic in the United States, but remain the least funded accessing just .0006% of venture capital dollars. And according to the U.S. federal reserve, they are less likely than their non-minority peers to receive some or all of the credit-based financing they’ve requested from banks and private financial institutions. 100K Incubator is proud to be the first business funding mobile app for women, having deliberately placed a strong emphasis on outreaching, engaging, and getting Black women funded. We dedicate this sneaker to Black women entrepreneurs, and funding more of their businesses through cash grants and ongoing partnerships. $100 of each sneaker sale will go toward funding women entrepreneurs and providing subsidized coaching services to those in need.
We honor Madam CJ Walker as the first self made woman millionaire in the United States, and the Madam CJ Walker Manufacturing Company that was located at 640 North West Street in Indianapolis, Indiana. The first self made woman millionaire in the United States was a Black woman, who not only created wealth for herself, but created space for other women to build their own businesses under her company and increase the economic power of their families. Many Black women have followed in her footsteps and continue to use her story as motivation to push through the funding and scaling odds stacked against them. We honor her and every Black woman building tables not only for themselves, but that in their resilience, serve as an example for us all.
Source: Historic Indianapolis, 2019