Fewer Black professionals are entering venture capital, and even fewer are rising through the ranks, a new report has found. The Black Venture Report 2025 On Juneteenth, BLCK VC released the third edition of its Black Venture report. Its first edition was promoted by a question between the co-founders: Where are we, really? That question expanded into a critical report that highlights the link between Black representation and power in venture capital. “Our research continues to expose a stark truth: Black investors remain severely underrepresented, especially in senior roles,” it
This conversation between Backstage Capital founder Arlan Hamilton and Michael Berhane is from this #Techish podcast episode. It has been edited for clarity. I’ve always wanted to know when you first had the idea for Backstage Capital. What was the first thing you did? Cried [haha] It didn’t happen overnight. I studied, I started my education to understand venture capital. I had to. The old guard, the people who are already there, perhaps they needed a little bit more of a shakeup when it came to their perspectives. And so
