Push for More Investment in Minority Entreprenuers Emerges

Silicon Valley looks to diversify pool of black and Latino-owned companies

From Wall Street Journal.

It’s no secret that African-Americans make up but a dint in the upper echelon’s of Silicon Valley. In fact, research from CB Insights shows that only 1 percent of Internet-company founders are African-American.

But now there’s an active effort to increase the amount of venture capitalists who invest in African-American and Latino-owned start-ups. Through meet-up groups and events, business accelerator NewME and DigitalunDivided are exploring ways to raise funding for minority-owned companies.

Even tech giants such as Google Inc. and Facebook Inc. and Silicon Valley investors are speaking out for more diversity in the start-up arena.

Read more at Wall Street Journal.