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Report Shows Black Investors Are Laying The Foundation For A More Inclusive VC Industry, But They Could Use Some Help

BLCK VC, a nonprofit organization committed to enhancing the presence of Black investors in the venture capital (VC) industry, has recently released its annual edition of the State of Black Venture Report in partnership with Silicon Valley Bank. The report, released on Feb. 22, sheds light on the current state of the Black venture ecosystem, analyzing various trends in leadership and representation within the industry.

Mar 2, 2023

From Poverty to Prosperity: How Tyler Perry Became A Billionaire

Best known for his portrayal of tough, sassy Madea Earlene Simmons, Tyler Perry has joined the ranks of Black celebrity billionaires like Jay-Z, Oprah Winfrey, and Michael Jordan. The brilliant actor, writer, producer, playwright, and director went from being raised in poverty to building an empire. So what is Tyler Perry’s current net worth and how did he earn his fortune? Let’s dive right in. According to Forbes, Tyler Perry’s estimated net worth is $1 billion. The actor and entrepreneur’s success has earned him a spot in The Forbes 400, which annually lists the 400 richest Americans.So how did he do it? Throughout his career, Perry has directed over 30 movies, 20 plays, and eight TV shows. In the late 1990s, the self-made tycoon wrote and produced his very first play called “I Know I’ve Been Changed.” While living in his car, Perry made the play a hit. From there, he kept going, until he gained a huge following that led him to make his first film, “Diary of a Mad Black Woman, “...

Jan 22, 2021

BLCK VC Launches Educational Program to Turn 300 Black Entrepreneurs Into Angel Investors

Nonprofit firm BLCK VC was designed to increase diversity in venture capital. Staying true to their goal, co-founders Sydney Sykes and Frederik Groce have launched the Black Venture Institute , an educational initiative dedicated to helping Black operators become angel investors. In a formal announcement , BLCK VC says that the institute is the brainchild of a partnership with Operator Collective , Salesforce Ventures , and Berkeley Haas School of Business. “These partners joined us on a journey that has been three years in the making, a journey built on the premise that if we want to make venture capital (and by extension the tech industry) a more diverse and equitable ecosystem, then we need to be the catalysts for this change,” said Groce. Today, we are excited to be announcing the Black Venture Institute! We are building structural solutions to structural problems. This is about education & access. Shout-out to our partners @SalesforceVC , @OperatorCollect and @BerkeleyHaas...

Oct 14, 2020