The entire asset class of venture capital is built atop systemic racism. The numbers don’t lie: only 2% of partner-level VCs are Black, and 81% of venture capital firms don’t have a Black partner on board. The lack of diversity in check-writers doesn’t stay in board rooms: homogeneity trickles down to the founders who get mentored and the startups that get funded, excluding an entire population of potentially revolutionary ideas. Systemic racism is a market inefficiency, according to Kesha Cash, the founder of Impact America Fund.

Topics:  systemic   today   ubs cash   june   george floyd   blck vc   sydney sykes   iaf s   mayvenn   care academy   credits   california proposition   uc   berkeley   venture    while i    when   black   i   cash    cash   kesha cash   impact america   fund   iaf    we re    while   wall street   startups   world s overlooked   partner   people   work   general   country   founders   support   number   female   asset   partners   ways   don   class   board   close   underserved   brown   

 

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