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Black Girls Code's founder, Kimberly Bryant, was recently profiled in Inc. sharing how listening to her gut, despite what others advised her, was one of the best moves she ever made for her company. As both her story and the data shows, there’s a clear need for Black women founders but too often the entrepreneurial ecosystem fails to support them.
Looking at venture capital funding, startups with Black women founders have raised $494 million for the first half of 2021, surpassing the $287 million raised in all of 2020. However, that’s just a small sliver of the pie. Funding for women overall fell a percentage point last year from the not-so-soaring high of 3.4%.
What can we do to remove obstacles to let more changemakers like Kimberly Bryant flourish? In a recent Forbes article, leaders in the space shared solutions to the lack of diversity in startup funding. From the ability to participate remotely in accelerator programs to using data for accountability, there are lots of ways to continue the momentum.
PS — our team will be taking a break next week to disconnect and soak up some sun. We’ll be back in your inbox on Sept 17th!
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| At just 19 years old, aviator Zara Rutherford aims to be the youngest woman to circle the globe solo. She plans to complete her journey by early November. |
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| How Venture Capital Can Join the ESG Revolution |
| To mainstream ESG investing in venture capital, researchers Susan Winterberg and Johannes Lenhard propose several steps that can be taken by VCs, limited partners, data providers, and regulators. |
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| What is a CDFI? |
| If you’re interested in making an impact close to home, community development finance institutions (CDFIs) could be a good place to start your local investing journey. |
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| INCLUSIVE ENTREPRENEURSHIP |
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| An Exclusive Guide to Some of America's Top Private Companies |
| Letting the urgency of the moment conquer fear propelled these businesses to Inc.’s annual fast-growth list, even amid the pandemic. Reading through these companies' stories left us inspired to keep pushing the boundaries of what an entrepreneur ‘should’ look like or come from. |
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| Women Founders Are Having a Standout Year — That's Not the Whole Story |
| New Pitchbook data shows that in the first half of 2021, US venture-backed companies with a woman founder or co-founder took in $25.12 billion, more than the total amount raised in any prior year. However, gender funding gaps continue to grow, and woman-founded startups' share of overall VC dollars remains small. |
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| Four Questions Every Investor Should Ask Amid Dramatic Climate Warnings |
| An increasing number of investors are electing to put their capital behind companies and in funds that are taking action to fight climate change and work toward a net zero emissions future. Check out these four key questions to vet the climate commitments of current and potential investments. |
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| Find COVID-19 Vaccines Near You |
| There’s one COVID-19 vaccine with full FDA approval and many great resources to find a free vaccine near you, so make plans to get your jab today. Click below for a map showing vaccine locations or simply pick up the phone. You can call 1-800-232-0233 or text your zip code to 438829 for more information! |
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