b'Elevating diverse entrepreneurs through catalytic capital.When people are UNDERREPRESENTED, they are often UNDERSERVED as well. In our increasingly diverse society, it is crucial that we promote and support innovators and leaders that reflect THE FUTURE. Bronze Valley CDFI Investing in Diverse Founders Produces Impactful GrowthOverview The growing proportion of Non-White persons in the US represents anBronze Valley Corp. (Bronzeexpanding yet underserved market, presenting an opportunity for immense Neill Wright Valley or BV) is a nonprofitvalue creation501(c)4, Community It is projected that in the next 25 years, people of color will make up over 50% Managing Partner, Bronze Valley Development Financialof the US consumer base(1)Institution (CDFI) Diversely-led businesses are the most likely to address the needs of diverse headquartered in the state ofconsumers, yet, over the past two decades, just 25% of rounds were raised Alabama focused on ventureby teams with at least one diverse founder(2)capital.USbusinessesownedbypeopleofcolorandwomencouldpotentiallyThrough direct investments,generate $4.4 trillion in additional revenues if adequately capitalized(3)its Bronze Valley VentureLab, Bronze Valley CDFIThe Economic and Social Case and its affiliated fund MetallumThe Economic and Social CaseWhen people are UNDERREPRESENTED, they are often UNDERSERVED as well. InA unique opportunity exists to invest in high-growth startup companies while Ventures*, Bronze ValleyA unique opportunity exists to invest in high growth startup companies our increasingly diverse society, it is crucial that we promote and support innovatorsspurring economic development and addressing social equity across areasequity provides capital, advisorywhilespurningeconomicdevelopmentandaddressingsocial services, and other resourcesacro ture capital.and leaders who reflect THE FUTURE. underserved by traditional ven ss areas underserved by traditional venture capitalto technology startups African AmericansandHispanicshave33%lowermedianhouseholdAfrican Americans and Hispanics have 33% lower median household incomes and founded by people of color(1,4)incomes and 55% higher unemployment than WhitesOverview 55% higher unemployment than Whites.1,4(diverse individuals) and Given that startups are responsible for most of the net job growth in the US,Bronze Valley Corp. (Bronze Valley or BV) is a nonprofit 501(c)(4), Community Given that st focus onthere is a strong case for diversity-focused investing as a means to close the women, with aartups are responsible for most of the net job growth in the companies located outside ofwealthgapforthelargenumberofdiverseindividualswhohave Development Financial Institution (CDFI) headquartered in the state of Alabama,U.S., there is a strong case for diversity-focused investing as a means to closebeen traditional tech hubs.(5) Since 2018, Bronze Valleyeconomically left behindfocused on venture capital. the wealth gap for the large number of diverse individuals who have beenThrough direct investments, its Bronze Valley VentureLab, and its affiliated fundeconomically left behind. 5has invested in 31 Metallum Ventures,* Bronze Valley provides capital, advisory services, anddiversely-led startups acrossThe Southeast / Midwest / Mid-Atlantic Undercapitalizedthe US in a variety ofVenture capital funding crowds the coasts other resources to technology startups founded by people of color (diverseThe Southeast/Midwest/Mid-Atlantic Is Undercapitalizedindustries.individuals) and women, with a focus on companies located outside of traditionalContact InfoAsof2021,84%ofallventureement are in funds in As of 2021, 84% of all venture capital assets under managNeill S. Wrightcapitalassetsundermanagement tech hubs. California, New York, and Massachusetts, while just 5% is domiciled in the Midwest, are in funds in California, New York,Since 2018, Bronze Valley has invested in 31 diversely led startups across the USMid-Atlantic, and Southeastern states.Managing Partner and Massachusetts, while just 5% is in a variety of industries. (917) 957-6859 domiciledinMidwest,Mid-Atlantic nwright@bronzevalley.com and Southeastern statesInvesting in Diverse Founders Produces Impactful Growth The Bronze Valley EcosystemThe growing proportion of non-white people in the U.S. represents anexpanding yet underserved market, presenting an opportunity for immense Direct Investments BV VentureLab Metallum Ventures* Economic Growthvalue creation. Invest in pre-seed+ Educate and provide+ Expands the BV capital= Close the wealth gap startups led by peopleresources to promisingcontinuum by investing inthrough the creationIt is projected that in the next 25 years, people of color will make up over 50% ofof color and women entrepreneurs seed-stage+ startups of high-paying jobs the U.S. consumer base. 1 Fund Accelerate Catalyze Outcome Diversely-led businesses are the most likely to address the needs of diverseSources: 1. US Census Bureau 2. Kauffman Fellows 3. Morgan Stanley 4. US Bureau of Labor Statistics 5.Ewing Marion Kauffman Foundation consumers, yet, over the past two decades, just 25% of rounds were raised by* Metallum Ventures is a Bronze Valley-affiliated, traditionally-structured venture capital fund that is currently in formationteams with at least one diverse founder. 2 Sources:1US Census Bureau2 Kauffman Fellows 3 Morgan Stanley4 US Bureau of Labor Statistics5 EwingUS businesses owned by people of color and women could potentially generateMarion Kauffman Foundation*Metallum Ventures is a Bronze Valleyaffiliated, traditionally structured venture capital fund that is $4.4 trillion in additional revenues if adequately capitalized. 3 currently in formation.Delaware Three Rivers Area Economic Development Master Plan 175'