Venture capital investments play an important role in economic growth and job creation. Companies such as Microsoft, Apple, Facebook, and Google all received venture capital investments at an early stage in the companies' development.
Venture capitalists (VCs) are professionals who make decisions on which companies receive investment. The current racial and ethnic demographics of venture capitalists mirror the demographics of entrepreneurs who received venture capital funding. These demographics are also in alignment with lack of racial diversity at technology and high growth firms.
Our mission is to increase the racial and ethnic diversity in venture capital. By creating more Black and Latinx venture capitalists and fund managers, we will increase the pool of funding available for entrepreneurs of color, and ultimately create job and wealth opportunities for communities of color.
Our vision is to create equitable and inclusive economies, where in addition to participating as consumers and employees, Black and Latinxs drive the economy by becoming technology entrepreneurs and investors in high growth businesses.
These Fellows will spend the 2018–2019 academic year learning the fundamentals of venture capital and fostering entrepreneurship across their college campusesread the whole story