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Venture Capital Fundings for Minorities
Liam Gill
March 04, 2024
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Venture capital funding has historically been limited for women, Black, and brown founders. Despite promises for improvement following significant events like the murder of George Floyd, funding for Black founders has continued to decline, falling to just 0.48% of all venture dollars in the U.S. last year. Women founders have consistently received around 2% of funding, with mixed-gender teams seeing an increase, suggesting the potential benefits of including a male co-founder. Funding for Latino founders and members of the LGBTQ community also remains low, highlighting the broad challenges faced by marginalized groups in securing venture capital. Despite the global nature of these challenges, there remains a strong desire among marginalized founders to break through these barriers and achieve equity in funding access.
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