Black Unicorn Factory (BUF), a Los Angeles-based venture capital firm, has officially become the most prominent Black-owned venture capital firm in US history by the number of startups funded and total equity issued. The firm has provided over $500 million in alternative investment capital by backing over 150 early-stage companies across various industries. “Cash or other consideration” BUF differs from other firms that rely solely on cash-based investing, as it leverages non-traditional, SEC-compliant methods rooted in the concept of “cash or other consideration” as allowed under exemptions like Reg CF,