5 Tips for Raising the First Round of Capital for Your Startup
Black and Latino entrepreneurs are shut of out funding circles for the most part. Companies with all-white founders receive a higher median investment from venture capitalists, according to research from CB Insights. In Silicon Alley, 83% of teams getting seed and Series A money are all white. CB Insights found that a mere 1% of seed and Series A funding nationally went to black founders. There are a growing number venture funds intended to help entrepreneurs of colors better access capital, including Intel Capital Diversity Fund, Comcast Ventures Catalyst Fund, and Groundwork.