Black Founder Program
Date of Foundation
2024

Black Founder Program

Elevating Diverse Entrepreneurial Innovations

The Idea origin story

The conceptual fabric of my venture, Black Founder Program, is to bridge the knowledge and resources divide that Black Entrepreneurs often encounter during startup creation. By not only providing critical resources but also fostering an ecosystem that prioritizes diversity, we aim to catapult innovative entrepreneurial ventures into the forefront of the industry.

The Mission

Empowering Black Entrepreneurs with skills and resources to launch innovative ventures, fostering a diverse startup ecosystem.

Clients

Our customers are Black entrepreneurs seeking knowledge, resources, and a supportive ecosystem to launch successful startups.

Problems we solve

Client’s problem

Lack of awareness and access to resources for Black and minority founders, Knowledge gap in startup mindset, skills, and best practices, and Underutilization of available funding and support mechanisms.

Confirmation of problem

Minority groups, especially Black entrepreneurs are often underrepresented in the startup ecosystem due to limited resources and knowledge.

Solution

Our solution is to build a robust platform providing knowledge resources, mentorship, funding avenues and creating a supportive network for Black and minority founders targeting successful startup launches.

Our technologies

This solution is based on technologies

Technologies such as AI for personalized learning, and digital platforms to create diverse entrepreneurial networks.

How it works

We provide a unique platform dedicated to empowering Black startup founders with tailored training, mentorship, networking, and financial guidance throughout their entrepreneurial journey.

Value for the client

We empower Black entrepreneurs with the expertise and resources to launch innovative ventures, bridging gaps in knowledge and access.

Market and strategy

Market size

312

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Lloyd Reshard

My key role in the product

My key role is the CEO and Founder, and I'm responsible for setting strategic direction, building a high-performing team, and securing funding.

Team size and key members

Adding a financial advisor, marketing strategist and customer support lead could further strengthen our team.

Competitors

Competitors

Key competitors in our field would be organizations such as Startupbootcamp, Backstage Capital, Code2040, Harlem Capital Partners and Digitalundivided.

Our Advantages

We cater to founders at every stage, empowering them with knowledge they're yet to acquire and supplying resources crucial for their progress.

Business model

our price is $2500 per founder which is funded through Corporate sponsors and impact investors

Traction

Over the past year, we've successfully trained around 200 black founders via six business model design cohorts and a launch cohort on LeanStack. Additionally, we offer an expansive database of over 1000 startup support programs.

We commit to empowering 1000 new Black founders through comprehensive training and availing a repository of over 5000 resources for startup development.

Metrics

We've rigorously stress-tested our business model, successfully launched multiple startups and cultivated valuable resource networks to fortify the foundation of future growth initiatives.

Incorporation

Our company incorporated in

Attachment Received

Key risks

The main risks of my startup could be potential lack of interest or engagement from black entrepreneurs, inability to adequately address the diverse needs across different business sectors, and difficulties securing sufficient funding or resources to maintain our platform's efficacy.

Investments

$

100000

We raised investments

Our Investors

Our investors are banks, corporations, and organization who have financial sponsorship. They do not on any percentage of the my company

Rising Investments

$

2500000

Currently, we are raising investments

$

1000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Our startup, The Black Founder Program, is actively seeking an impassioned, talented and resourceful co-founder with expertise in either financial guidance, marketing strategy, or customer support leadership. This initiative is driven to provide resources for black entrepreneurs often facing a gap in access and knowledge. The aim is to foster a rich ecosystem of diversity, pushing forward innovative ventures in the startup industry. As a co-founder, you will contribute directly to our mission of empowering these entrepreneurs with the necessary skills and resources to launch successful startups. You'll gain an equity stake in the company and an opportunity to shape the strategic direction of a promising early-stage startup. The Black Founder Program has so far trained around 200 black entrepreneurs, setting an impressive track record. As a co-founder, you'll play a significant role in accelerating this progress and expanding our reach. Experienced individuals passionate about bridging the knowledge divide and promoting diversity in entrepreneurship who would like to help shape the future of our program are encouraged to reach out

Open positions

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Additional information

Our mission is to furnish startups with essential products and services, fostering capacity enhancement for sustainable operations.

Idea