Despite the growth of new Black-owned businesses springing up around the country, many of them do not receive the necessary resources they need to thrive like their white counterparts. Now, one venture capital collective is looking to turn more than 300 Black entrepreneurs into angel investors to support emerging Black brands.
The BLCK VC was created with the idea of bringing diversity to the investing ecosystem, especially in the case of Black businesses. Frederik Groce, principal at Storm Ventures and co-founder of BLCK VC, says programs like this are needed to help these businesses thrive.
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