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GP Candice Matthews-Brackeen Says Now is the Time For Entrepreneurs to 'Get It Done'

“It’s our responsibility to remind people that this isn’t charity… this isn’t philanthropic.” Candice Matthews-Brackeen joins Will Lucas on the latest episode of AfroTech’s Black Tech, Green Money podcast to educate listeners on how to capitalize on this current moment in the venture capital space where investors are finally understanding the importance of investing in Black startups. Matthews-Brackeen is the General Partner of Lightship Capital, a Cincinnati-based venture capital fund that works to support underrepresented, early-stage, transformational businesses. During this episode, she reminds us that “it’s everyone’s responsibility to make sure that these good stories are being told.” She also says that for her and the team, it’s important “that we’re highlighting great founders doing great things.” “I have the weight of the world on my shoulders and I feel that it’s my responsibility to deliver a win,” said Matthews-Brackeen when asked about the challenges she faces as a...

Nov 20, 2020

Black-Owned VC Firm Closes On $22M Fund For Underrepresented Founders

Cincinnati-based venture capital firm, Lightship Capital, is on a mission to raise $50 million to invest in underrepresented founders from the Midwest area. The Black-owned firm is headed by investing power couple, Candice Matthews Brackeen and Brian Brackeen, who both have one goal in mind — to invest in the next wave of innovative entrepreneurs that have been overlooked by other investors. The lack of startup funding for women and people of color has been highlighted in recent years via studies like digitalundivided’s ProjectDiane , which reports Black women-led startups raised only 0.0006 percent of the $424.7 billion in tech venture funding raised since 2009. In light of the known disproportional funding opportunities, Lightship’s General Partner, Candice, believes founders of color are worth investing in. “I’m a capitalist at heart. There’s market failure. You can really take advantage of it,” she said, according to The Wall Street Journal . In the midst of the Black Lives...

Jun 26, 2020