Tanooki Labs reposted this
I'm channeling my frustration into actionable positivity as I deeply believe America should be run by Americans. And right now, our education system is not working. 2 weeks ago, new legislation was introduced that will expand 529's to cover all K-12 tuition and costs for private, public, and homeschool students, including tutoring, testing fees, and more. This makes 529's more critical than ever. Who overwhelmingly benefits from 529 Savings today? The top 5% richest out-enroll everyone else 50x. The system is unfair and broken. But we can fix the system -- and it's on us to do it. I saw this problem in 2019 when I came across 529s for my nieces. My sister never heard of 529 Plans - neither did I, and neither does 7 in 10 Americans. Turns out, 529's are for adults and children alike, and they cover school as well as student loans, retirement, disability costs, and more. Yet, <5% of Americans have a 529 account. When I finally figured 529's out for my nieces, I had a moral obligation to act. Americans all do better when Americans all do better. I left my stable, corporate job as a single person to help fellow Americans pursue their best paths with Hadley. With no salary the last 3 years, I got to work. Hadley joined Interplay, StartOut, Tampa Bay Wave, Presidential Leadership Scholars, and Venture Accelerator UCLA Anderson. Hadley won the SXSW Innovators Fund investment at SXSW unlocking capital from Gaingels, Alamo Angels, Notre Dame Venture Capital, Tanooki Labs, and others. But systemic forces are making it super challenging to breakthrough. <1% of venture capital goes to LGBT+ people, including from "progressive social impact" organizations that purport to help underrepresented founders, but don't. I can write a coffee table book on the number of investors who've passed on Hadley - then in the same email asking "but what's the best 529 for my own family?" Some investors take calls just to "gain intelligence." But here's the truth: companies like GiftofCollege, UNest, Backer, and Early Bird working on the same problem but differently are not competitors. The true competitor is debt and the socioeconomic forces preventing Americans from pursuing their best paths. The craziest part? 529 Plans make more revenue the more Americans save. Yet, 529 Plans with the highest fees and biggest marketing muscles intentionally dupe Americans to save in their Plans with higher fees. Outraged? So am I. Let's take back our power and make America work for all of us. Let's repurpose our energy from doomscrolling to actually doing something. I can't rely on the system to do what's right, but I hope I can rely on you. Message me if this resonates. Let's offer 529 Benefits at your work. Let's get 529's for your students and staff. Let's get donors seeding 529's for underserved communities. The time is now to *actually* make educational equity a priority, and I invite and need you to work together and join Hadley's coalition.