Racial equity in tech has become a major talking point this past year, but has that talk been paired with action?
In the United States, still only about 1% of Black entrepreneurs receive funding for their businesses. In 2018, TechCrunch reported over 80% of VC firms don’t have one Black investor, and though about 13% of the US population is Black, only about 4% of the VC industry identifies as African American, Bloomberg reported.
After calls for racial justice swept the nation last summer, Insider wanted to know if anything has changed for Black founders looking to find their footing in the tech industry.
So, we spoke to them.
On Thursday, February 25, Insider’s reporter Dominic-Madori Davis chatted with Realtime CEO and cofounder Vernon Coleman, Yac cofounder Jordan Walker, and Cashmere cofounder Urenna Okonkwo about their journeys in tech and the future they wish to see in the industry. Okonkwo, who is based in the United Kingdom, also gave her perspective as to what it’s like raising money as a Black entrepreneur across the pond.
Together, the trio shared advice for aspiring founders on how to navigate the industry, as well as lessons they wish they knew when they began their entrepreneurial journeys.
You can watch the full digital event above.