Black venture capitalists and their allies are responding to broad calls from venture capital firms aligning themselves with protesters against racial injustice. But these venture capitalists want specific action, including hiring more black investors and funding more black founders. Even as more work was done to build up an ecosystem of black founders, venture capitalists were not investing in them. Some venture capital firms are starting to dedicate funds — but black investors warn they still aren't doing enough. Yet venture capital firms — which often tightly guard data about the performance of privately held companies and funds — have been less transparent.

Source: Washington Post June 09, 2020 13:18 UTC