Silicon Valley Bank was in Austin at AfroTech this week, sponsoring and hosting parties in an effort to rebuild trust among Black founders.
HBCUvc said it hopes the partnership leads to more opportunities for HBCU students and alumni to tap into tech.
Funding to Black founders is only getting worse after the promises made in 2020.
Equity won't come just via a gesture of goodwill; it now must be ratified in the courts.
The American Alliance for Equal Rights winning could result in more litigation overall against businesses, universities and government agency programs.
Black founders have never raised more than 2% of capital in any given quarter.
As the role of the fund-of-funds model changes, this new version could prove to be the perfect vehicle to help diverse and emerging fund managers.
The turn of events hasn’t been received well by Black professionals who were part of the TGS community.
Partly due to a historical "color-blind" policymaking regime, the French startup ecosystem for Black founders is shrouded in mystery.
There is an increasing number of funds saying they are dedicated toward backing diverse founders.
The new fund hopes to deploy the $150 million within three years, and has appointed Paul Judge as its managing partner.
The lack of funding and dearth of DEI data suggests that the venture community writ large is overlooking a vast amount of untapped potential.
The data set shows that in Q1 2023, Black founders raised an estimated $312 million out of the around $45 billion Crunchbase totaled for the quarter.
Maillian talks about power in the industry, the changing landscape for Black women and Latinas, and what her next act will be.
“We’ve come a long way, but we still have a long way to go," one investor told TechCrunch about the event.
The fund seeks to foster and invest in startups where at least one founder is an HBCU student, alumni, or faculty member.
Funding for Black web3 founders has only increased, and the crypto winter proved the most fruitful year.
“We’re going to be responsible for catalyzing a completely new generation to be more conscious of their environment; more conscious of how they spend and how they buy," Sandu said.
Where do we go from here? Is the next step looking at alternative funding, or is it staying on the battleground, always ready to fight?
In total, U.S. Black founders raised an estimated $2.254 billion out of the $215 billion in U.S. venture capital allocated last year in 2022.