As Black VCs, we have a lot of conversations with underrepresented founders and founders who lack traditional inroads into the venture capital industry. In recent conversations, one trend continues to emerge: fundraising is more challenging than ever, starting at the top of the funnel with Limited Partners (LPs).
Why has it become even harder for underrepresented founders? Why are they continuing to be overlooked by VCs? And why aren’t VCs able to get the money they need to fund diverse founders?
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