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Despite launching startup companies that are just as likely to ultimately find success, Black founders raise only one-third as much venture capital funding as others during the first five years, according to new research.
Study: Funding Black High-Growth Startups
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Black founders of US startups raise just one-third as much venture capital over the first five years as other comparable businesses formed at the same time, according to new research co-authored by Federal Reserve governor Lisa Cook.
From Bloomberg: Only part of the gap in funding can be explained by tangible factors for example, that Black firms have smaller founding teams, attended different schools from venture capital leaders or live in different regions, and are less likely to have a patent according to the National Bureau of Economic Research study published Monday, Dec. 5.
Black founders of U.S. startups raise just one-third as much venture capital over the first five years as other comparable businesses formed at the same time, according to new research co-authored by Federal Reserve Governor Lisa Cook.
Only part of the gap in funding can be explained by tangible…
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