Building multigenerational wealth in diverse communities will enrich the economy and eventually help underrepresented groups join the ranks of business founders and angel investors.

“The average white household has six times the equity of a Black household,” said Margie Bacheler, educational initiatives director for the Overland Park, Kansas-based Angel Capital Association.

Bacheler, who was among the speakers on angel investment diversity at the Wisconsin Technology Council’s Early Stage Symposium in Madison on Nov. 9-10, said multigenerational wealth typically comes from capital gains, either from real estate or equity investing.

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