Leadership
The people building NewBWS.
Founder and CEO
Rasheid Scarlett.
Rasheid Scarlett is a technologist and strategist based in Miami, Florida, and the founder and CEO of NewBWS. He is also the CEO and founder of NetAesthetics, a consultancy that helps institutions implement artificial intelligence responsibly.
Scarlett currently serves on the board of the FirstNet Authority in a Special Government Employee capacity — the federal nationwide public-safety broadband network created after the 9/11 Commission identified first-responder communication failures as a national vulnerability.
Before founding NewBWS, Scarlett spent more than two decades at the intersection of technology, strategy, and institution-building — experience he brings to bear on the challenge of designing digital infrastructure that can outlast its founders.
Press contact
Co-founder
Announced Juneteenth 2026.
NewBWS has a co-founder whose full name and biography will be announced on Juneteenth 2026, alongside the Wefunder campaign launch. She is a full partner in the venture and holds irrevocable governance rights through the company's golden-share structure.
The reason for the delayed public announcement is personal and professional timing — not uncertainty about the role.
Governance structure
Built to be unsellable.
Delaware Public Benefit Corporation
NewBWS, PBC is legally required to balance its stated public benefit — building digital infrastructure for the Black capital ecosystem — against shareholder returns. Directors have a fiduciary duty to both, not only the latter.
Golden-share LLC
A separate LLC holds a single golden share with irrevocable veto rights over any sale of the company, pivot away from the stated mission, or dilution of member governance. This share cannot be bought. It cannot be transferred. It is held by the co-founder and designated advisors.
Board composition
Founder, co-founder, and additional board members to be seated and announced by Juneteenth 2026. Board selection prioritizes governance experience, capital expertise, legal expertise, and community alignment.
Capital structure
Community investment via Wefunder Regulation CF campaign. SAFE instrument with profit-sharing dividends (modeled on Basecamp’s structure). No venture capital. No acquisition clauses. No preference shares that would dilute community equity.