The story, in short.

What NewBWS is.

NewBWS is a member-owned professional network and economic ecosystem for the Black capital community, launching Juneteenth 2026. Structured as a Delaware Public Benefit Corporation with a golden-share LLC providing irrevocable governance protection, the platform is funded through a Wefunder Regulation CF campaign — with equity held by the community it serves, not by venture capital.

Why it exists.

Less than 0.4% of U.S. venture capital flowed to Black founders in 2024 — the lowest share on record. Meanwhile, over $253 billion of Black capital moves through America each year with no dedicated digital infrastructure. NewBWS exists to make that capital visible to itself, and to circulate it more effectively through the community that generates it.

The founders.

Rasheid Scarlettis the founder and CEO of NewBWS. He is also the CEO of NetAesthetics LLC, an AI implementation consulting firm, and holds a board seat on FirstNet in a Special Government Employee capacity. He builds NewBWS alongside his wife — a full partner in the company who holds irrevocable governance rights through the golden share structure, ensuring the platform can never be sold against the community's interest.

Key facts, dated.

• —Launch date: June 19, 2026 (Juneteenth)
• —Funding mechanism: Wefunder Regulation CF, SAFE instrument, $1M–$2M target
• —Legal structure: Delaware Public Benefit Corporation with golden-share LLC
• —Founding member cap: First 500 members
• —Pro tier pricing: $9/month ($89/year) — launches Fall 2026
• —Institutional tier: $149/seat/month — pilots Fall 2026

Press contact.

For interviews, commentary, or high-resolution assets, email press@newbws.com. We respond within 24 hours for same-day deadlines when flagged in the subject line.

Brand assets.

Logo files, approved headshots, and brand guidelines are being finalized ahead of the Juneteenth launch. Email press@newbws.com for early access if you are covering us before launch.