Getting funding is just one roadblock for entrepreneurs of color, Lydia Dishman writes. The other is lack of access to networks and advisors.
Recent research from McKinsey indicates that companies that have racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians. A McKinsey study from 2012 found that ethnic and racially diverse executive boards delivered returns on equity that were 53% higher. In April, the Center for Global Policy Solutions found that the racial gap between white entrepreneurs and those of color is costing the U.S. economy an estimated $300 billion.
