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fostering diversity in venture
Tech has dropped the ball. For an industry that holds so much power, and prides itself on being ahead of the curve, the diversity of venture capital and among tech entrepreneurs leaves so much to be desired. More than 80 percent of VC firms don't have a single black founder. It's no surprise, then, that the vast, vast majority of venture funding comes from white men to white men.
This is why we're excited to sit down at 1pm ET/10am PT on Thursday, June 11th for a chat with Sydney Sykes, co-founder of BLCK VC, a community by and for Black VCs. You can join this Zoom webinar and ask your own questions, or tune in for the live broadcast on YouTube.
Sykes started BLCK VC alongside Frederik Groce in 2018 with the mission to increase the number of Black investors in tech. Specifically, BLCK VC wants to go from 200 Black investors to 400 Black investors by 2024. The organization does this by offering resources for VCs and investors looking to navigate the industry, as well as forums for communication among Black investors and the broader VC community to tackle their diversity and inclusion efforts head on.
Sykes wrote an article this week on the steps firms can take to actually make a difference, including having honest, inclusive discussions about diversity, donating to organizations that are creating change, and diversifying their talent and pipeline.
Because we think this is a critical conversation to have, we're making this episode of Extra Crunch Live free to participate in or view later.
We hope to see you there!
You can add the details of the call directly to your calendar here.
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