Good spotlight on a lingering issue, via ventureneer.
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Denise Woodard, Founder & CEO at Partake Foods; Gayle Jennings-O'Byrne, Co-founder, WOCstar Fund; Sevetri Wilson, CEO and founder at Resilia; and Tracy Gray, managing partner and founder of The 22 FundAugust 28 marks the 58th anniversary of Martin Luther King's"I Have a Dream" speech. He called for civil and economic rights and an end to racism in the U.S. We're still fighting that battle.
In a month that we also celebrate Black businesses and women's equality day, it seems appropriate that we also give a nod to the one-year anniversary of Crunchbase for tracking founders, and angel and venture capital investors by gender, race, and ethnicity, andCrunchbase provides data on private companies raising equity investments and their investors. Its Diversity Spotlight feature shines a light on theof startups and venture capital firms.
"The BIPOC community has been invisible for too long in the entrepreneurial community. Facts are facts and it's time for the market to see the abundance of deals and opportunities that I and my team see and invest in," said Gayle Jennings-O'Byrne, Co-founder, WOCstar Fund—an investment fund focused on tech startups led by women of color, Native Americans, immigrants, and founders from the heartland.
As the saying goes,"What gets measured gets managed." The purpose of measuring is to analyze and improve. The goal here is to provide data that will reveal venture capital's diversity—or lack thereof—and hold it accountable, commented McConnell. The company also intends to add data about other demographics, including people with disabilities, sexual orientation, and veteran status.
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