Fifth Star Funds is a nonprofit organization serving as the first Friends & Family fund in America.

Many founders do not have access to the earliest-stage (Friends & Family) capital. Research shows that the average Friends & Family round in the U.S. is $23K. Our $25K investment is intentionally set to match this benchmark, providing overlooked founders with the same critical starting point as their peers. This catalytic check enables early validation while creating measurable traction for future funding.

Our philanthropic "evergreen" model welcomes anyone to join in supporting overlooked founders, introducing them to the venture capital ecosystem.
The wealth gap between white and Black American families is 8x.
However, when considering the “liquid” wealth gap which excludes home equity, there is an even more alarming 22x wealth gap in America, with median liquid Black family wealth of $3,630.
“F&F are typically the first to support businesses with capital. Unfortunately, for many Black founders, that’s not always the case—simply due to a lack of funds. Because of historical financial inequity, the traditional friends-and-family model is not a viable equalizer for Black founders. A new pre-seed stage (F&F) model is needed.”
-- Accenture

For the American Dream to become a reality for all founders, we need a new national solution to reform the F&F round.

After four years of investing, our success speaks for itself.

When we go National, our impact will be unforgettable.

$25k

Check size

$150M

Fund 6,000 Black founders

$5.2B

Black wealth created

34.8x

Wealth gap return

Join Goldman Sachs, Salesforce, and Chicago’s leading philanthropists in supporting overlooked founders.

Our Partners

Our stars brighten the entrepreneurial sky

The more we invest in untapped talent, the stronger our community grows

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