Meet the dynamic team that invests in overlooked visionaries of color and companies impacting racial disparities in the U.S.
INVESTING IN THE UNDERINVESTED
Lockstep Ventures is committed to the investment philosophy of ‘Disparity to Prosperity’. Our portfolio will be comprised of companies that can impact racial disparities in health, wealth, education and workforce development.
Racial health disparities are associated with $35B in excess health care expenditures, $10B in illness-related lost productivity, and nearly $200B in premature deaths. Lockstep Ventures focuses on telehealth, remote patient monitoring, personal health tools, and preventative health.
Nearly half of Black households and small businesses are unbanked or underbanked in the U.S. Despite applying for funding at a rate 10% higher than non-minorities, Black businesses are 19% less likely to be approved for financing. Achieving revenue parity between minority and white-owned businesses would add $290B in business equity, growing overall wealth.
Closing academic achievement gaps would add $20.4T in GDP between 2014 and 2050. Facilitating easy access to higher education for Black students could have increased lifetime incomes $90-$113B.
Despite gains, unemployment rates for Black and Hispanic Americans are +250bps higher vs. white counterparts. Further broadening hiring practices to include formerly incarcerated individuals may recover some of the $70B of lost wages from local economies
Lockstep has moved our company forward on all fronts; bottomline growth, marketing, strategy and finance. More than an investor, Lockstep is here to champion our cause.
FAIR CHANCE HIRING PLEDGE
Discover how Lockstep is committed to reducing inequality while supporting economic and social justice initiatives. Join with other like-minded people and organizations who are pledging to address the challenges faced by formerly incarcerated individuals.