how a group of vcs are getting hbcus to invest in their funds

(Axios) Over the past three years, a group of investors has quietly donated $10 million to enable nine historically Black colleges and universities (HBCUs) to invest in their venture capital firms.

Why it matters: The Historic Fund is a unique effort to provide access to — and potential financial returns from — venture capital to HBCUs by tackling a fundamental challenge: their lack of capital to invest.