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Largest Student-Run VC Fund In The U.S. Expands To Atlanta To Get Black Students High-Paying Jobs

The venture capital space is still struggling with its diversity problem, but this student-run equity fund is hoping to use its expansion plan to fix it. University Growth Fund (UGF) — considered the largest student-run equity fund in the country — has partnered up with Ally Ventures to announce that it is expanding its offices to Atlanta in an effort to usher more Black and Brown students into the underrepresented field of venture capital. According to a press release, the equity fund has established a company mission to provide “unique access to the highly-competitive and lucrative career track of venture capital through hands-on experience.” Now stationed in Downtown Atlanta — which is home to 26,000 Black and brown college students — UGF hopes to use its close proximity to the city’s top colleges and universities with diverse student bodies to turn things around for the VC world. “Only 2% of venture capital leaders are Black, making venture capital one of the least diverse...

Jun 10, 2021