Household wealth drives the ability to start firms, survive slow months, and hire employees. The racial wealth gap is a core reason Black entrepreneurs start smaller and scale slower on average. Wealth provides runway, collateral, and the psychological margin to take smart risks.
Closing that gap calls for multi-pronged solutions: community savings vehicles, matched public funds for Black founders, affordable credit lines, and reinvestment of marketplace revenue into business-building. These tools change the starting line for entrepreneurs.
SpadesLife’s work blends commerce and capital. By keeping more purchases within our marketplace, we increase retained revenue and accelerate the accumulation of business equity. That retained capital becomes the fuel for employer-scale growth.