They Promised Change. Did They Deliver?
June 3, 2021
After George Floyd was murdered by a Minneapolis police officer a year ago, top players in Minnesota's startup community called for making the scene more racially inclusive. The calls were specific, so it's possible to check to see how entrepreneurs and investors stack up one year out.
The community is addressing a stark and now well-known gap in funding: About 1% of founders nationwide who received venture capital in the past five years were Black. White founders, meanwhile, made up over 77% of venture capital recipients, according to a study RateMyInvestor and DiversityVC.
"Everything they said, they've done."