The state of black women getting funding in 2018

Less than 1% of black women founders get VC funding. What does this mean for the future of inclusive innovation? What will really move the needle?

Morgan Debaun, CEO at Blavity Inc., points to one possible suggestion that could help with underfunding and finding good investments–more black VCs with decision making authority. “A great way to help move the needle would be having managing partners and black VCs in these large firms that can make decisions. What we need to work on is building a network so that we don’t have to go outside of our networks and communities to raise, and larger black VCs that can lead raise rounds.

The Fast Company piece highlights some of the work that Cross Culture Ventures is doing impact this issue.