DIVERSITY, EQUITY, AND INCLUSION
We Don’t Reach Our Accelerator Goals Without Women Of Color
In Corporate America, women of color are underrepresented in every category measured despite making up 39 percent of the female population and 20 percent of the U.S. Population. The statistics are staggering. Women of color make up 18 percent of entry level jobs, 12 percentage points lower than white women; and for every 100 entry-level men who are promoted to manager, 68 Latinas and 58 Black women are promoted (McKinsey/LeanIn 2019). Citing various resources, Entrepreneur’s Nina Zipkin reported in 2019 that Black women founders have gotten just .0006 percent of VC money since 2009.
Additionally, less than 2 percent of Fortune 500 companies are led by women of color, none of whom are Black or Asian American, and only 4 percent make up the of the C-suite (World Economic Forum). The percentage of 2018 F500 board seats occupied by Black and Hispanic women respectively was 3 and 0.8 percent.
Across every WBC action initiative, our commitment to changing the numbers for women of color is a central focus. We are seeking to ensure:
- 10% of women in the C-Suite are women of color by 2030
- 25% of women CEO’s are women of color by 2030
- 25% of R3000 women board members are women of color by 2030
In addition to women of color, we are working with partners, businesses, and leaders to ensure that all DE&I efforts include all disenfranchised and underrepresented women populations.