(Crunchbase News) Reflecting on all the achievements of Black investors, I am encouraged by our progress. However, I also believe venture capital needs to set the example on how to continue this positive momentum and to evolve the approach toward increasing diversity in investment management.
In the old model, VCs went to the same schools, lived in Silicon Valley, hung out in the same circles and invested in the same opportunities. My peers look to other VCs and LPs who are invested in deals and funds for validation, instead of thinking for themselves. This homogeneity in experience reduces the aperture of the opportunities funded, leading to a particularly negative impact on newer and diverse founders and fund managers.
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