SF Chronicle on plugging the ‘friends and family’ funding gap for black businesses

Carolyn Said profiles The Runway Project, which offers early-stage capital to fix the racial wealth gap for minority entrepreneurs on Main Street

Many startups get early money from friends and family, but minorities often don’t have wealthy personal or professional networks. While the median net worth of white households is $171,000, that of black households is $17,200. Carolyn Said’s article about The Runway Project shows how giving loans and other support to black-owned businesses in Oakland is helping them take flight.

Startup loans to black entrepreneurs to 'interject some balance in capitalism'