Invest in the best businesses out there, with an open mind, and you'll end up with better financial performance and a portfolio that will likely be more diverse.
Building on their VC Diversity Pledge, Base10 Partners announces today that it has raised a new $250M fund with the mission of aligning the success of technology companies with wealth creation for underrepresented minorities. The Fund, known as the Advancement Initiative, is investing in leading pre-IPO startups and donating 50% of the fund's carried interest, directly to Historically Black Colleges & Universities (HBCUs) to create student scholarships and support university endowments.
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TJ Nahigian is a cofounder and managing partner at Base10, a venture-capital fund in San Francisco.
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