As venture capital investments hit record heights with each year in the United States — topping $330 billion in 2021 — most of that funding continues to go to companies led by white men, a disparity that exacerbates the country’s racial and gender wealth gaps. These gaps have continued to grow in recent decades, with long-term implications: the average Black or Hispanic household brings in about half as much in earnings each year as the average white household, and Black and Hispanic households have 15% to 20% as much net wealth, according to the Federal Reserve. The numbers are even more stark for women of color, who have far lower incomes and savings amounts for a variety of reasons.