Funding (late/series)
Andrew Rapacke
August 30, 2021
OUR PARTNERS
ACCELERATING THE SUCCESS OF MINORITY FOUNDED COMPANIES
ACCELERATING THE SUCCESS OF MINORITY FOUNDED COMPANIES
We connect Minority Startups and Entrepreneurs with resources, providing the necessary guidance and support they need, mentoring their entrepreneurial journey with Community and Relationship, and creating a potential Roadmap to Capital.
IMPACT MENTORS is still in Alpha stage, we are working hard to launch it soon.
Impact Mentors: Your Path To Funding
Join and network with other Founders
Share what you are working on and connect with other Founders. Join the groups and access resources that helps you grow.
Apply for Mentorship 1-on-1
If selected you are paired with one or more mentors that can guide you to find market fit, help with pitch and general business.
Get Sponsored by your Mentor
After a period of time, depending on your commitment and results, your Mentor becomes your Sponsor and helps you get funding
Grow and get Funded!
Impact Mentors will help you pitch to interested investors!
THE IMPORTANCE OF MENTORSHIP
Business mentorship strengthens the entrepreneurial experience.
Mentors provide founders the necessary insight to see what is expected, coupled with the hindsight to know how to mitigate certain issues that often hinders progress.
MISSING THE MARK
In 2018 only 22% of small businesses had mentors when they started their business and another 17% indicated they have or had an advisor. This leaves 63% of business owners who do not have professional guidance at the onset of their business.
PREVENTING FAILURES
• 20% of small businesses fail in their first year
• 50% of small businesses fail after five years
Yet 92% of small business owners agree that mentors have a direct impact on the growth and survival of their business
• Mentored businesses are 12% more likely to remain in business after one year, compared to the national average.
• 30% of business owners who had just one interaction with a mentor reported business growth.
• 43% of founders who had five or more mentoring interactions saw additional revenues.
STRUCTURED EXCLUSION
The U.S. could have millions more businesses if women and minorities became entrepreneurs at the same rate as white men.
Minorities represent about 40% of the population, but only 25% of the nation’s business ownership with employees.
A GAP TO BE FILLED
Black-owned firms represent only 7% of all U.S. businesses. Hispanic-owned firms represent 10.6% and Asian-owned firms, 4.3%.
This adds up to lost jobs, lost income, and lost wealth-building among these groups and for the economy overall.
Meet our Active Members
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Impact Mentors 2024 Goals
Members of your community deserve more.u200b We Are A Creative Community With A Passion For Design
250+
Minority Founders
40+
Active Mentors
1,000+
One on One Meetings
500+
Topics Created
$1B+
Total Value Created
Start your Path To Funding Today!
Becoming a Member is the first step of your new Startup Journey
Spotlight On Our Mentors
Camila Torrente
ERA
LatAM Program Partner
Iynna Halilou
Defiance Capital
Moxxie Ventures
Investor
Chase Emanuel
Alto
Head of Venture Community
Serena Dang
She Loves Tech
Head of US
Karim Fugel
Libeco
B2B Sales Strategist
Vijay Jayachandran
UConn Tip
EIR
Get started in no time
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Impact Mentors Blog
Funding (Seed/Early)
Lucia Gamero
July 10, 2022
Strategy
Being Human Centered: How open honest communication and authenticity is the pathway to Servant Leadership
Read The Article »
Donald Pollard
June 24, 2022
B2B Sales
Lucia Gamero
July 11, 2022
Hiring
Andrew Rapacke
August 30, 2021
Customer Ratings
★★★★★ 5/5
I have been working with these guys since years now! With lots of hard work and timely communication they made sure they delivered the best to me. Highly recommended!
John Doe
Designer
★★★★★ 5/5
I have been working with these guys since years now! With lots of hard work and timely communication they made sure they delivered the best to me. Highly recommended!
John Doe
Designer
★★★★★ 5/5
I have been working with these guys since years now! With lots of hard work and timely communication they made sure they delivered the best to me. Highly recommended!
John Doe
Designer