ACA Participates in the First Ever White House Demo Day


By: Marianne Hudson, ACA Executive Director

I want to let you know about ACA's participation in the first ever White House Demo Day, which is focused on inclusive entrepreneurship.  There will be success stories about entrepreneurs from different geographies, ages, races and genders in an event this afternoon.  The press release explains more details. 

A part of the program is for private sector organizations to commit to growing inclusive entrepreneurship and ACA made a commitment that is mentioned about a quarter of the way into the document.  Our commitment is to do our first ever study on the demographics of angel investors and why they make investments to have a baseline of women and minorities as angel investors and to share best practices of investing. This study will begin this Fall and is supported by the John Huston Fund for Angel Professionalism

The Demo Day commitments also include two ACA members:  Astia and Duke Angel Network (as part of an overall initiative by Duke University). I also believe several of our members are connected to accelerators selected for grants announced during the event.  Congrats to them.

I will be at the White House this afternoon for the Demo Day event.  I think that ACA's inclusion in the program is a statement that more and more people recognize the importance of angel investing to entrepreneurship and our economy.  I am excited to work on initiatives that build diversity for angel investors and entrepreneurs, and it fits the goals of our new ACA Chair Christopher Mirabile and our most recent Chair David Verrill.

You can watch some of the event live here.  The President is supposed to speak at 3:40 ET and there should be live interviews of some of the companies that are here.


The White House
Office of the Press Secretary
For Immediate Release
August 04, 2015

Fact Sheet: President Obama Announces New Commitments from Investors, Companies, Universities, and Cities to Advance Inclusive Entrepreneurship at First-Ever White House Demo Day

WASHINGTON, DC – Today, President Obama will host the first-ever White House Demo Day focused on inclusive entrepreneurship, welcoming startup founders from diverse walks of life and from across the country to showcase their innovations. The President will announce new public- and private-sector commitments that promise to provide more Americans with the opportunity to pursue their bold, game-changing ideas.

America’s entrepreneurial economy is the envy of the world. But, we need to do more to make sure that we are tapping our full entrepreneurial potential – drawing on talented Americans from all backgrounds and locations.

Just three percent of America’s venture capital-backed startups are led by women, and only around one percent are led by African-Americans. At present, only about four percent of U.S.-based venture capital investors are women. And, capital for innovative startups is predominantly available in just a few places, making high-growth business creation a challenge outside of a handful of metro hubs.

To maintain our lead as the best place on the planet to start and scale a great company, we must ensure that vibrant startup ecosystems emerge in every corner of America, and that all Americans, including those underrepresented in entrepreneurship like women and people of color, are both encouraged and able to fully contribute their entrepreneurial talents.

The Administration announcements being made today include, among others:

  • Announcing 116 winners of two Small Business Administration prizes that promise to unleash entrepreneurship in communities across the country: the Growth Accelerator Fund for startup accelerators, incubators, and other entrepreneurial ecosystems; and the President’s “Startup in a Day” initiative that will empower mayors to cut red tape for local entrepreneurs.
  • Scaling up the National Science Foundation I-Corps program with eight new and expanded Federal agency partnerships, introducing hundreds of entrepreneurial scientist teams across the country to a rigorous process for moving their discoveries out of the lab and into the marketplace.

Click here to read more.

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