Push for More Investment in Minority Entreprenuers Emerges

Silicon Valley looks to diversify pool of black and Latino-owned companies

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From Wall Street Journal.

It’s no secret that African-Americans make up but a dint in the upper echelon’s of Silicon Valley. In fact, research from CB Insights shows that only 1 percent of Internet-company founders are African-American.

But now there’s an active effort to increase the amount of venture capitalists who invest in African-American and Latino-owned start-ups. Through meet-up groups and events, business accelerator NewME and DigitalunDivided are exploring ways to raise funding for minority-owned companies.

Even tech giants such as Google Inc. and Facebook Inc. and Silicon Valley investors are speaking out for more diversity in the start-up arena.

Read more at Wall Street Journal.

  • Ashley Behnke

    It is wonderful that investment has grown for minorities within the tech sector, but what about others such as consumer products, social innovation, etc.? It appears as if there is a bit of tunnel vision in this regard…

  • In your title of the post, you spelled Entreprenuers incorrectly… should be Entrepreneurs

  • I guess im in that 1%. check out http://www.BidWilly.com. We’ve sent $720k in new contracts to small businesses and entrepreneurs in the last 12 months but funding for us seem hard to come by. Can anyone of you help?