BLCK VC Launches Scout Program With Lightspeed, Sequoia To Support More Black Investors
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BLCK VC members including co-founders Frederik Groce and the scout program s mastermind, Sydney Sykes, at center.
BLCK VC
For all the high-speed growth and innovation that venture capital is supposed to fuel, the industry itself isn’t structured for quick change. BLCK VC co-founder Sydney Sykes knows it first-hand. Since last summer, firms have reached out to Sykes for advice on changes they can make fast.
Increasingly, her answer has been a program growing in popularity in VC: the scout. “Firms will hire a partner once or twice a year max, or an investment professional. But scout programs can be as large as you want,” Sykes says. “This seems like a really obvious solution to get more dollars in the hands of Black investors.”