How To Get More Funding For Black Women Led Startups
It's no secret that venture capital funding has been bias towards women and people of color who are leading some amazing start-ups. Imagine being both Black and a woman trying to navigate in the maze of silicon valley and raising capital.
As more Black women enter the startup world, many are struggling to secure venture capital funding compared to their white male counterparts. In 2017, women received nearly 2.2 percent of the $85 billion available in venture capital funding.
According to the ProjectDiane2018 report by digitalundivided, the numbers were even smaller for Black women. Black women represented .0006 percent of the $424.7 billion in total tech venture funding raised since 2009 and a majority of the funding was raised in 2017.
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Written by Arriana McLymore