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A new effort aims to address the underrepresentation of diversity in the venture capital sector. According to a press release sent to AFROTECH, pre-seed accelerator Nex Cubed will tag team with nonprofit organization HBCUvc to establish a Venture Scouting program.
Nov 2, 2023
Time and time again Black women have proven that they know how to get things done — even during a year like 2020. With diversity and inclusion at the forefront, it’s been amazing to see all of the boss women she-eos who are changing the narratives when it comes to ownership. Forbes reports that over 50 percent of women-owned businesses are led by women of color. Yet, those same women have the odds stacked against them. Despite the lack of resources, and other setbacks these Black women CEOs have shown that they are a force to be reckoned with not only this year but beyond. Check out some of our favorite Black women CEOs who shook the table in 2020 below: Melissa Butler Photo Credit: melissarbutler.com After becoming frustrated with unrealistic standards of beauty defined by the industry, Melissa Butler decided to create her own vegan and cruelty-free beauty brand, The Lip Bar, to combat the issue of diversity within the beauty industry. Butler and her empire are a reminder that the...
Dec 31, 2020
If you don’t like the way something is working, you create your own! Hadiyah Mujhid is doing that as the CEO and Founder of HBCUvc, the nonprofit creating the next generation of venture capitalists. “My goal is to see more Black-founded venture firms or Black GPs, which are controlling where the capital goes,” she told host Will Lucas on the latest episode of AfroTech’s Black Tech Green Money podcast. View this post on Instagram A post shared by HBCUvc (@hbcu.vc) Mujhid’s program is increasing access to capital for communities that are historically overlooked. She herself brings an intersection of experience as a Black woman, technical founder, and software engineer. During the Black Tech Green Money episode, she speaks on Black people’s ability to break down the barriers permitting us from being institutional investors along with the unique value HBCU students and graduates bring to tech startups as VCs — a group that she continues to uplift through her nonprofit. “This is not...
Dec 18, 2020