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Black Founders Matter Wants To Generate $10 Million To Fund Black-Owned Startups

Black people are grossly underrepresented in the tech industry. Black Founders Matter seeks to change that reality,  Tech Crunch  reports. Founder Marceau Michel was chopping it up with Scout Savvy’s Kathryn Brown. Both realized during their conversation that they were having issues with securing funds for their tech projects. Statistics support their truths: fewer than one percent of funded startups are black-owned, according to TechCrunch. “A lot of lip service is given to diversity and inclusion but the actual practicability of it lacks,” Michel said. Now he is taking matters into their own hands with Black Founders Matter; the organization hopes to invest $10 million into black-owned startups in the next two years. “If there’s a brick wall that is standing between minorities and their dreams as entrepreneurs, how can we help the regular person help us in dismantling the wall between us and our dreams?” Michel asked. In order to get funds for investment, Black Founders Matter is...

Apr 30, 2018