|
SoftBank and Andreessen Horowitz this week unveiled new efforts to back startup founders of color, amid an escalation of racial tensions in the U.S.
Capital is just part of the equation that would make such initiatives successful, observers say. Firms also need to develop more open and robust networks to attract entrepreneurs in underrepresented communities. Some observers, meanwhile, said that the capital commitments are tiny compared with the amounts managed by these high-profile firms and, more broadly, the historic underallocation of capital to founders of color by venture firms.
Read More ›
|
