Would more black investors mean more money for black entrepreneurs?
It's an attempt to fix a big imbalance — data show that African-Americans are seriously underrepresented in the investment community. Less than 1 percent of venture capital-backed internet companies were founded by African-Americans, according to a 2010 report by CB Insights.
$25 Million Fund Pledged To Black Own Startups by VC 500 Startups
500 Startups is raising a $25 million dollar microfund to make early stage investments in Black and Latino founders. This fund will invest in ~100 companies and give Black and Latino founders the access to capital, networks, and expertise that they need to grow their businesses.
Only 88 tech startups were ran by black women in 2016
Black women make up just 4% of the estimated 2,200 women-led tech startups.There are a paltry number of black women running tech startups. And there's an incredible dearth of money flowing to the few who are.
The Key Investing Habits of Wealthy Black Families
According to a recent study Black Americans have earned roughly 60 percent what white Americans earned over the last 30 years. Wealth among blacks is even more concentrated—the top 10 percent hold 67 percent of the wealth held by all blacks, compared with the top 10 percent holding 51 percent among white families.