07/05/2023
There’s been a significant drop in funding for Black entrepreneurs.
“By the end of 2022, adverse market conditions led to a 36% drop in overall VC dollars, but Black entrepreneurs saw a 45% decrease in financing.”
It's very apparent that there is a need for greater diversity and inclusion in the startup ecosystem. Discover the importance of leveling the playing field and supporting underrepresented founders to foster innovation and drive economic growth.
Black entrepreneurs saw historic gains in securing VC funding after the George Floyd racial justice reckoning, but financing dropped 45% in 2022.