At Flourish, we stand against racial injustice that has plagued America and other societies for a very long time. We recognize the problem is deep-seated with a prolonged and tragic history of systemic racism and we, at Flourish, have a lot more to learn. As a team, we stand in solidarity with our portfolio companies, ecosystem partners, and all communities across the country in demanding an end to racial injustice.
We built Flourish to help create financial fairness and opportunity for all. In the U.S., financial well-being eludes a majority of households, and Black families are at a disproportionate disadvantage. The median household wealth of white families in the United States is 10 times greater than that of Black households, a chasm that has not changed since the Civil Rights Legislation in 1968.
We’ve got more work to do. In the past, we engaged in some well-intentioned efforts, but it’s nowhere near enough. We will continue to support and learn from our Black colleagues, portfolio entrepreneurs, and ecosystem partners. We stand in solidarity with the calls for change around us and are energized to push for meaningful transformation, beyond words and talk. Our first step starts by exploring internally, by deeply reflecting, and by educating our own team. From this foundation, we will communicate and pursue action that will contribute to change and to which we will hold ourselves accountable. We recognize it is hard and we strive to be part of the solution. Racial injustice has no place in our society.