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Joe Lonsdale

In response to a Black entrepreneur who said VCs are racist, venture capitalist and entrepreneur Joe Lonsdale attributed disparities in venture capital investing to “average black culture” and urged the Black community to step up their game. Funding to Black entrepreneurs in the U.S. hit nearly $1.8 billion through the first half of 2021 — a more than fourfold increase compared to the same time frame last year. Led by funding to early-stage startups, 2021’s half-year total has already surpassed the $1 billion invested in Black founders in all of 2020 and the