There are now more than 200 Black professional venture capital investors in the U.S., according to the research I did last year with Sydney Thomas, the investment associate and head of operations at Precursor Ventures, an early-stage venture capital firm focused on pre-seed investments.
Listen to GHOGH with Jamarlin Martin | Episode 35: Isa Watson
Jamarlin talks to Isa Watson, founder and CEO of Squad by Envested, a VC-backed software company that is scaling a next-gen platform to build relationships at work.
The year 2018 has been a milestone for Black investors raising and leading funds. These included:
- A $137 million fund raised by Base 10 Ventures cofounder Adeyemi Ajao.
- A $145 million fund led by Motley Fool Ventures Managing Director Ollen Douglass.
- Former American Express CEO Kenneth Chenault joining General Catalyst as their chairman and managing director just before raising a new $1.37 billion venture fund.
More than 60 of these investors gathered in New York earlier this month to attend the Ninth Annual Culture Shifting Weekend, with the goal of fostering collaboration and discussing best practices Click here to read entire article