37% of all RegCF Capital has Gone to Women/Minority Founder Companies

More than $1 billion has gone to women- and minority-led companies through Regulation Crowdfunding. That's 37% of all the capital raised.

For comparison: all-women teams get about 2% of traditional venture capital.

When you let the crowd decide, the capital distributes very differently. Women- and minority-led founders' share has climbed from 24% in 2016 to nearly 39% today, across 52 states and territories.

This is what democratized access to capital actually looks like in the data.

A question for the room: is the crowd better at backing founders that institutions overlook, or is venture capital simply optimizing for something else? Curious where people land.

Comment "CCLEAR" and I'll send you the full brief.