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Black women founders

Terri Burns, 26, the youngest partner in GV’s history and its first Black female partner, is launching her firm, Type Capital, according to Fortune. Breaking the Heat Cycle During her time at GV, formerly Google Ventures, Burns witnessed a recurrent issue within VC funding strategies: the reliance on “heat” from other investors before committing to a deal. “A lot of investors are driven by heat, versus being driven by true innovation,” she told Fortune. “[Founders are] talking to amazing investors, they’re getting some interest, but no one’s really willing to take the leap

Dr. Dionne Mahaffey has developed an AI-powered platform, Behavioral Health Notes, to decrease the time mental health professionals spend recording notes. The Need For Efficiency in Mental Health Documentation The mental health sector has long faced challenges related to clinician burnout, increased by time-consuming administrative tasks.  According to a recent report by Accenture, using AI in healthcare could save up to $150 billion annually by 2026, mainly by reducing such inefficiencies. A solution was needed for mental health professionals, where documentation can extend into personal time. Introducing Behavioral Health Notes Dr. Mahaffey, a

Leigh Higginbotham Butler has a pioneering AI platform and network for Black women, Akina. Akina, which means “strong family bond” in Swahili, originated from a personal need to create a safe space for discussions and support among Black mothers. It has since evolved into a Community-as-a-Service (CaaS) app and platform that leverages culturally competent AI and machine learning technology. From A Social Network To A Movement Akina was initially started 2020 as a social media platform for Black mothers. “It came about in the aftermath of the murders of George Floyd, Breonna Taylor, Ahmuad

Black women remain the fastest-growing group of entrepreneurs, more than doubling in number since August 2019, according to a new report by GoDaddy Venture Forward. GoDaddy Venture Forward is a research initiative that quantifies the impact of over 20 million microbusinesses on their local economies and provides a unique view into these entrepreneurs’ attitudes, demographics, and needs. In August 2023, Venture Forward completed its 10th national survey with responses from over 6,000 small business owners across the US and UK. Black microbusiness ownership  Most of the businesses surveyed were microbusinesses,

This article was first published by Lindsey Redd on Medium. Over the past couple of weeks I’ve been meeting with current and hopeful founders who want to become Y Combinator founders. They’re applying to the Winter 2024 batch, and naturally have a ton of questions about our experience applying and being accepted to YC. One of the main questions I get is “What was your interview experience like?” Of course, before there was the interview, there was the application. This is a story in and of itself that I’ll save for

For Black Business Month, media personality Sheletta Brundidge surprised five Black women with billboard advertisements for their businesses. August is National Black Business Month, where Americans recognize Black-owned businesses nationwide. Black business owners account for about 10%of U.S. businesses and 30% of all minority-owned businesses. A Harvard Business Review report also found that 17% of Black women are starting or running new businesses, compared to 10% of white women and 15% of white men. Billboard Ads for Black Women’s Businesses Five Black women entrepreneurs, including founders of Soul Grain Granola, Slyvia Williams and Liza Maya, were

Fearless Fund has announced it has received multi-million dollar follow-on investments from Bank of America, Costco, and Mastercard. Investing In WOC Founded in 2019 by Arian Simone, Keshia Knight Pulliam, and Ayana Parsons, Fearless Fund invests in pre-seed, seed level, and series A women of color founders building scalable and growth-aggressive companies. Their portfolio includes Bitsy’s, the clean food and beverage brand co-founded by Gabrielle Union, Melissa Butler’s cruelty-free beauty brand The Lip Bar, Pinky Cole’s Slutty Vegan, and Sevetri Wilson’s Resilia. Read: Resilia Closes $35M Series B, Largest Raise Ever For A

A new report by Dropbox DocSend has shed light on the funding divide in the tech industry, particularly regarding race and gender disparities among founders.  While 2021 witnessed record-breaking levels of VC funding and increased engagement with diversity, equity, and inclusion (DEI) initiatives, 2022 proved to be more challenging for historically underfunded founders.  Turning tides In 2021, VC funding for early-stage founders experienced a significant boost, with record-breaking funding levels. Historically underrepresented founders also experienced a surge of investor interest driven by DEI-related investment initiatives in response to the murder

The nonprofit social startup digitalundivided has released its latest Project Diane report unveiling the experiences of Latina and Black women tech entrepreneurs. Catalyzing Latina and Black women’s growth Founded in 2012, the Newark-based startup leverages data, programs, and advocacy to catalyze economic growth for Latina and Black women founders at all stages of their entrepreneurial and funding journeys.  In 2016, digitalundivided launched the Project Diane Report, the first biennial demographic study that captures the experiences of Latina and Black women tech founders. “Building on the legacy of women like Diane Nash who worked

Every year around 0.2% of business funding goes to Black women so last year when Joycelyn and I set out to raise £360k ($450k) whilst I had a very visible baby bump, we knew we’d have a serious fight on our hands… At this year’s London Tech Week, I was flicking through my notes and saw that a year ago we didn’t know the difference between VC and angel investment. Under a year after attending events to learn about investment, in an environment where young black women aren’t funded, we