Source: Techcrunch https://techcrunch.com/2018/11/08/81-of-vc-firms-dont-have-a-single-black-investor-blck-vc-plans-on-changing-that/

TLDR: BLCK VC has been at work since the beginning of 2018, building and expanding a network of black investors in the San Francisco area, Los Angeles and New York. They seek to provide a community for black investors, a space for honest conversations and questions, and a resource for VC firms looking to make more diverse hires.

Helpful:4

Topic Tags: Venture Capital, Diversity

Relevant Questions:

• Are African Americans well represented in the VC community?
• How can African Americans be further supported?
• Why are African Americans so underrepresented.

Summary:

• According to data collected by Richard Kerby, a partner at Equal Ventures, 81 percent of VC firms don’t have a single black investor. Roughly 50 percent of black investors in the industry are at the associate level or the lowest level at a firm; only 2 percent of VC partners are black.
• The lack of representation, especially in powerful positions, has made it difficult for black aspiring investors to enter the industry, as well as for black investors to stay in VC.
• Aside from Kerby’s data and a Harvard Business School study on diversity in innovation, there is limited data available on black VCs and funding for black founders.

Follow Up Questions:

Which VC firms to represent the black community well?

https://www.blackenterprise.com/top-20-funds-with-black-and-latinx-vc-investor