One Reason Black Founders Don’t Get Enough Funding? Black VCs Don’t, Either
The fact that African-American founders have limited access to investment has been well documented, but you might not know that that problem is replicated in the venture capital world, too. In recent years, several black-owned or -directed VC funds and firms have opened their doors, with a focus on minority- and women-owned businesses. But as it turns out, many VCs are hitting the same obstacle as the founders they’re trying to invest in: access to capital…“there are well-intentioned LPs out there that haven’t quite figured it out yet, and I want to believe they’re working to figure it out.”–Marlon Nichols. Read the Fast Company piece.