![]() ![]() ![]() ![]() While Dixon and many others have ultimately succeeded, Black-led businesses and Black founders have historically faced disparities in securing VC funding. "I don't know what would have happened if we didn't get that money."ĭixon is one of many Black entrepreneurs who struggled to secure funding for their businesses and relied on venture capital financing earmarked for diverse founders. "It was really hard, man, we weren't having any luck," Dixon told CNBC in a recent interview about the struggles she faced securing investors. Some six years later, Dixon's products are a staple in retailers across the country. Using that financing, and some funding from family and friends, Dixon was able to quit her job, move operations out of her kitchen and launch in Target stores nationwide by 2017. She managed to secure that crucial round of financing from the New Voices Foundation, a fund led by Richelieu Dennis that's devoted to supporting women entrepreneurs of color. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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