BLCK VC is transforming the venture capital industry to mirror the diverse demographics of the U.S. Venture Capital is a crucial component of achieving economic equality; it is a vehicle to build wealth, develop future leaders, and strengthen communities. BLCK VC is a 501(c)(3) nonprofit organization that equips Black investors with the access, education, and community they need to accelerate their careers in venture capital. We do not accept the status quo; we are driving the industry forward by pushing venture capital firms to become more inclusive in their hiring, deal flow, and portfolios. Venture firms in the United States invest over $130 billion annually, however, Black investors have systematically been excluded from mobilizing this capital. Today, only 3% of venture capital investors are Black; additionally, only 2% of partners–individuals that make investment decisions–at venture firms are Black. Over the past few years, there has been slow and sporadic progress within venture capital to become more inclusive. BLCK VC aims to transform venture capital into an inclusive engine for change and generational wealth creation by shifting the demographics of the venture industry to mirror the diversity of this nation. In the short term, we strive to double the percentage of Black investors and Black partners in venture capital to 6% and 4%, respectively, by 2024.
View Top Employees from BLCK VCWebsite | http://blckvc.org |
Employees | 98 (25 on RocketReach) |
Founded | 2017 |
Address | 855 El Camino Real Ste 13A-401, Palo Alto, California 94301, US |
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Industry | Venture Capital and Private Equity Principals, B2B, Finance, Financial Services, FinTech, Venture Capital, Lending and Investments |
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Pen Howell is the Head of Community of BLCK VC.
25 people are employed at BLCK VC.
BLCK VC is based in Palo Alto, California.