The facts.

Company

Legal name

NewBWS, PBC

Trading name

NewBWS (standing for New Black Wall Street)

Legal structure

Delaware Public Benefit Corporation with golden-share LLC

Founded

2025

Headquarters

Miami, Florida

Website

https://www.newbws.com

Leadership

Founder and CEO

Rasheid Scarlett

Co-founder

Details to be announced as the founding cohort assembles

Board

First board members announced as the founding cohort assembles

Funding

Mechanism

Community ownership via Regulation CF, activation gated on community pledge interest

Instrument

SAFE with profit-sharing dividends, modeled after Basecamp structure

Test-the-waters surface

newbws.com/founding · the public showcase of the founding cohort

Target

$1,000,000 to $2,000,000

Venture capital

None. Will not accept venture capital

Platform

Pillar 01

The Network: member-only professional network

Pillar 02

The Village Directory: public directory of Black-owned businesses

Pillar 03

The Academy: educational institution, 4 tracks

Pillar 04

Village Commerce: B2B circulation infrastructure

Pro tier

$9/month or $89/year. Launches January 2027

Institutional tier

$149/month. Pilots begin 2027

Advertising

No behavioral advertising. No third-party tracking pixels.

Timeline

Founding cohort assembling

Through 2026

Founding 100 class seated

Before January 1, 2027

Private beta cohorts

Summer 2026 → Winter 2027

First Academy course

Fall 2026 (beta cohort). Liberation Path: Personal Finance Fundamentals

Public platform launch

January 1, 2027

Market

Black investment ecosystem AUM and capacity

Approximately $253B across Black fund managers, LPs, angels, family offices, and institutional allocators

Source: Internal landscape analysis, 2026

Sample precedent: successful subscription communities

Letterboxd (~$50M ARR), Strava (~$500M ARR), Discord (~$600M revenue). All independent, all subscription-funded

Sample precedent: failed or acquired community platforms

Fishbowl (acquired by Glassdoor), Lunchclub (shut down), Geneva (acquired), Elpha (parent acquired), Clubhouse (wound down), Hive (downsized), The Wing (closed)

Historical context

Tulsa Race Massacre

May 31 to June 1, 1921. The Greenwood District ("Black Wall Street") was destroyed by a white mob, with the support of local police and the Oklahoma National Guard. Estimated 100 to 300 killed, 10,000 displaced, 35 city blocks destroyed.

Source: Oklahoma Historical Society; Tulsa Race Massacre Commission reports

Pattern of racial massacres in US history

Wilmington 1898, Atlanta 1906, East St. Louis 1917, Chicago 1919, Rosewood 1923, among others.

Source: Multiple academic sources; see also ledger.newbws.com