Black & Female Founders land 30% of the largest US early stage funding
Data indicates that this founder group is a fairly diverse one. A Crunchbase survey of rounds of $100 million or more to U.S. companies at Series A and B stage between January and mid-February found that 30 percent of these investments went to teams with female or Black founders. In all, we counted 6 out of 20 in this small but influential club. - Crunchbase.com
Historically this group have raised an amount so small it barely registered.
What a turnaround and positive statement to all those of diverse backgrounds who have previously thought that winning funding was an impossible task.
There are now clear examples for people to look up to and learn from. It is a large step towards a feeling of inclusion and belonging.
Diverse leadership teams are more likely to have diverse and inclusive cultures and therefore no surprise that along with a great business model investors are keen to buy-in.
All the data from McKinsey, Deloitte, and PwC amongst others shows that more diverse teams are more profitable and outperform their competitors. So why wouldn't you want to invest?
You can read the original article here - Crunchbase.com
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