Black founders are seeing a decrease in funding amid economic downturn

Quick Summary

Not shockingly, Black founders are seeing a decrease in funding this year.

He added that the decrease in funding is concerning but not surprising during this economic downturn.“Investing in founders of color, as we’ve seen over decades of venture capital, is not what is deemed to be the safe thing to do.

Funding at all levels is tracking below 2021.

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Article Details

Author / Journalist: Dominic-Madori Davis

Category: Startups

Topics: Finance Black founders matter Startups TC Economy EC DEI Funding EC venture capital Private Equity Diversity United States Venture Capital Corporate finance Entrepreneurship Venture capital CrunchBase

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-17, 21:00:43

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 225 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 503

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