The founding cohort · Assembling

Where Black wealth circulates

A member-owned professional network, academy, and directory for Black America.

Work. Capital. Ownership.

Build generational wealth through proven techniques.

1 of 100 founding members claimed

The founding cohort1 of 100 claimedClass of January 2027

Publications Network Academy Capital

★ Countdown · Public launch01 · 01 · 2027
§ 03 · Who this is for

Four kinds of members. One table.

01 · Operator

Founders building the next institution.

From pre-seed to growth. Members get warm intros, follow-on capital, and a board that has done it before.

02 · Investor

Allocators who want their capital to compound for the network.

Angels, family offices, GPs of emerging funds. Co-invest, syndicate, and access deal flow that doesn’t get to AngelList.

03 · Operator-in-residence

Senior executives between roles, advising the next round.

Time-banked introductions. Compensated advisory. The kind of mentorship our grandparents never had access to.

Senior operators advise rising founders and members, and get paid for it.

04 · Community

Students, early-career, and adjacent professionals.

Free tier. Programming. A path to the table for the people coming up behind us.

§ 02 · What this is

A network owned by the people who use it.

newBWS is not a platform. It is a society, chartered, capitalized, and governed by Black professionals, founders, and investors who have been asked, for a long time, to build other people's institutions instead of our own. The platform launches January 1, 2027.

In plain terms: it is built to be owned and governed by its members, not by outside investors.

Ownership sits with members, not outside investors. Decisions are voted on. Capital compounds for the people who put it in. There is no growth team monetizing our attention; there is a community round, a charter, and a plan that runs to 2030.

You are the village. You are the inheritance. The doors open.

You are not the audience here. This is built for you to own.

§ 04 · The four pillars

What the village is for.

03 of 12
01
CAPITAL

Capital that compounds for the network, not extractors.

Member-owned cap table. Pro-rata for members. A rolling fund that members anchor.

02
CONNECTION

Warm rooms. Real intros. The relationships our grandparents organized.

Quarterly summits. City chapters. A directory you can actually trust.

Introductions to people who can actually move your work forward, in person and online.

03
CRAFT

Operating knowledge passed between members, not lectured at them.

Build Notes. Office hours. Operator-in-residence advisories.

04
COVENANT

Governance owned by members. Decisions made in the room.

One member, one vote. Annual charter renewal. A plan that runs to 2030.

§ 05 · Why now

The numbers we keep coming back to.

1.4%
of US venture capital went to Black-led startups in 2024.
Source · Crunchbase / 2024 year-end
$240B
Black household wealth lost to the racial wealth gap, annually.
Source · Brookings Institution
1787
The Free African Society chartered in Philadelphia. The first Black mutual-aid society in the country. The pattern is older than the problem.
Black communities have pooled money and protected each other through shared institutions for more than two centuries. newBWS is that same instinct, built for how capital moves now.
Source · The Tradition
100
founding members. The first hundred set the standard for everyone who comes after. Class of January 2027.
Founding cohort · Closes Jan 1, 2027
§ 06 · Different by design

Built differently. On purpose.

Most platforms

×You are the product
×Capital flows out to shareholders
×Growth-team metrics
×Generic professional network
×Community is a feature

newBWS

Members own the network
Capital compounds for members
Charter, not metrics
Black investment ecosystem, specifically
Community is the entire architecture
§ 07 · First principles

Six things the village holds.

Principle 01

Members own the table.

Equity, governance, and decision-making sit with the people who show up. Not with extractors.

Principle 02

The work is generational.

We measure the network in decades, not quarters. The plan runs to 2030. The intent runs longer.

Principle 03

Slow rooms beat fast feeds.

Quarterly summits, real introductions, considered conversation. Not a feed.

Principle 04

Specificity is the point.

This is for the Black investment ecosystem. Specifically. The specificity is what makes it work.

Principle 05

Capital should compound here.

Investment returns flow back through the network. Pro rata, follow-on, syndicate.

Principle 06

The doors open.

Not “members only.” Open enrollment, paid tier, free tier, community. The door opens both ways.

§ 08 · What you can do here

Practical things, on day one.

§ 09 · Roadmap

The plan, on the wall.

The plan runs from charter (today) to chartered society (2030). Each phase is what we owe the members ahead, and what we ask of the members who come next.

  1. Now · 2026Founding cohort assembling. Charter Council reviewing applications. The 100 members accepted before January 1, 2027 form the founding class.
  2. 01.01.2027Public launch. The founding 100 is locked in. Open enrollment begins. The platform belongs to the members who built it.
  3. Year one · 2027Reg CF activation when pledged commitments cross the Form C threshold. Founding Backers convert pledges into SAFE positions on Wefunder.
  4. 2028First city chapters chartered. Annual summit. Charter Council renewal.
  5. 2030Chartered society. Member-elected governance. The work continues.
§ 10 · Founder letter

A note from the founder.

The work our grandparents began and could not finish.

My name is Rasheid Scarlett. I am building newBWS because the work our grandparents started is not finished.

Richard Allen and Absalom Jones founded the Free African Society in 1787. Mary Church Terrell co-founded the National Association of Colored Women in 1896 and the NAACP in 1909. The men who would become the 100 Black Men of America sat down together in 1963. Every generation built what its moment required. Greenwood proved what was possible when Black people owned the ground beneath their work. In 1921, an eighteen-hour mob proved how vulnerable owned ground could be when the ground was physical.

Every one of these began the same way: a small group of Black people deciding to build the institution no one would build for them. newBWS is the next one.

Greenwood, the Tulsa district known as Black Wall Street, was a thriving Black-owned economy until it was destroyed by a white mob in 1921. The lesson we took: own something that cannot be burned down.

A community-owned digital network cannot be burned. The code is ours. The data is ours. The feed serves us. Not a shareholder. Not an algorithm tuned for someone else’s ad revenue. Not a future acquirer.

I am not building a product. I am building an institution. I have structured it so it cannot be sold against you, advertised on, or redirected by any amount of capital that might come later. Those protections are written into the company’s legal DNA. They cannot be unwritten.

If you believe this community already has the answer (and it does), you are not a customer of newBWS. You are the village. You are the inheritance.

The founding 100 is being assembled now toward January 1, 2027. I hope your name is among them.

Rasheid Scarlett
Founder & CEO · newBWS
§ 11 · Ownership

Ownership, not extraction.

newBWS is a Delaware public benefit corporation, member-owned by design and protected by a golden share that cannot be sold. Cooperative economics in the Ujamaa tradition. The platform belongs to the people who use it. The case is the structure.

Ujamaa is the tradition of a community building and keeping wealth together; here it means newBWS is built to be owned by the people who use it.

★ The structurePBC · Golden share
  • Legal formDelaware Public Benefit Corporation
  • GovernanceGolden share. Cannot be sold.
  • EconomicsUjamaa. Cooperative by design.Ujamaa: a Swahili principle of cooperative economics, where a community builds wealth by pooling and circulating it among its own.
  • Member statusCo-depositor, not customer.

Read the full case at /invest

§ Questions

Common questions.

What is newBWS?

newBWS is the member-owned professional network for the Black investment ecosystem. A for-profit company legally required to serve a public mission, called a Public Benefit Corporation. Digital infrastructure a century after Black Wall Street was burned to the ground.

Black Wall Street was the Greenwood district of Tulsa, the most prosperous Black business community in America until a white mob destroyed it in 1921. We are building what cannot be burned: ownership that lives in code and charter, not in buildings.

Who owns newBWS?

newBWS is owned by its members. It is a Delaware Public Benefit Corporation protected by a golden share, a structural safeguard that blocks any sale or change of control against the community interest. The Founding 100 is pledge-first. Accepting a seat is a pledge, not a payment, and there is no obligation.

What is the Founding 100?

The Founding 100 is the first cohort of owner-members, capped at one hundred. They are being assembled now. The Founding 100 is pledge-first. Accepting a seat is a pledge, not a payment, and there is no obligation. Founding members keep a permanent place in the record.

How does newBWS make money?

newBWS earns revenue from membership subscriptions, with paid tiers starting at 39 dollars per month for the Pro tier and institutional pricing for organizations. It runs no behavioral advertising and never sells member data.

What does membership cost?

Founding membership is free for the founding cohort assembling now. Paid tiers arrive at platform launch: a Pro tier at 39 dollars per month and an institutional tier for organizations. A free tier remains for the broader community.

When will the platform launch?

The platform launches January 1, 2027. The founding cohort, capped at 100 members, is being assembled now. Members accepted before January 1, 2027 form the founding class.

How is newBWS different from LinkedIn?

newBWS is owned by its community, protected by a structural safeguard called a golden share that prevents a sale against community interest, and runs no behavioral advertising.

Who is eligible to join?

Black investors, founders, operators, and institutions in the Black capital ecosystem, along with allies who respect the community-first framing of the platform.

§ 12 · The invitation

Be the
village.

Every institution that mattered to our community started with a small room of people who decided to start. Eight men at Cornell in 1906. Twenty-two women at Howard in 1908. A handful of clubwomen gathering in 1896. The 1963 New York meeting that eventually became the 100 Black Men of America. Each one of them had to say yes before it was obvious.

These were the small first rooms of institutions that now span generations. The founding 100 is the same kind of room, and it is open now.

This is that room. You are early because you got here early. The waitlist is where you tell us you’re coming.

Two ways in: join the waitlist to stay close, or apply now for one of the 100 founding seats.

No spam. No behavioral tracking. No selling of your data. Ever.

A century after Tulsa, the institutions are being rebuilt. This time, the community owns the ground they stand on.

Tulsa, 1921, is where Black Wall Street was burned down. A hundred years on, we are rebuilding, this time on ground that belongs to the community itself.