This New $300 Million VC Tech Fund is Dedicated to Overlooked Minority Founders
Panoramic Ventures in Atlanta announced a new $300 million tech fund for Black Americans, women, and other minorities often overlooked when seeking investment funding.
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Panoramic Ventures in Atlanta announced a new $300 million tech fund for Black Americans, women, and other minorities often overlooked when seeking investment funding.
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Taylor told me that “We are among the most fortunate [people of African descent] in the world. It is our moral responsibility to intentionally help in the recovery of those who are struggling. Able, stable black people have a responsibility to heal the trauma” that those in unstable black communities are experiencing.
In his efforts to promote work and reduce poverty, Obama has expanded the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), which together provide about 16 million families per year with a tax cut average of $900. When it comes to African Americans, about two million families a year see a tax cut of about $1,000 each.