the space andrews and horowitz, are responsible for the growth of many large fintech we know today. venture capital firms invest in hundreds of companies each year, hoping each one of these investments will pay off. in 2021, venture capital firms invested 35 billion in fintech start-ups, up from 18 billion in 2020. when we look at the founders of companies that receive disinvestment funding, there s an obvious trend toward white males and a lack of diversity is a trend at almost every industry capitalist invest in, it s particularly troubling in the fintech space. a significant number of fintech target underserved communities, which we know are disproportionately women and people of color. the largest fintech, including digital banks, payment process and cryptocurrency, actually market their products to women and people of color. yet when we look at the founders and leadership teams, they clearly do not reflect the communities that they claim to serve. only 2% of all ventur
in the last decade has made possible because of massive amounts of venture capital investments that have made to start up companies. fintech companies rely on capital to turn innovative visions into reality. the largest players in the space andrews and horowitz, are responsible for the growth of many large fintech we know today. venture capital firms invest in hundreds of companies each year, hoping each one of these investments will pay off. in 2021, venture capital firms invested 35 billion in fintech start-ups, up from 18 billion in 2020. when we look at the founders of companies that receive disinvestment funding, there s an obvious trend toward white males and a lack of diversity is a trend at almost every industry capitalist invest in, it s particularly troubling in the fintech space. a significant number of fintech target underserved communities, which we know are disproportionately women and people of color. the largest fintech, including digital banks, payment proces
we will keep that trending go to day f you like a cooler august you will love the temperatures today and probably tomorrow as well. we do have have some rain showers, and you might just be able to pick up those wet roads if you look at the the lights there, our neighborhood weathernet work and you can see outside whitefield elementary school some traffic going by and you are encountering showers there. temperature of 68 degrees this morning. you can see on storm scan three we have those showers through the allentown and reading areas and points north of that. so there is precipitation out there, generally a quarter of an inch or less will be the amounts that anybody is going to be getting out of this but lets get a closer view here and you can see some towns, pottstown picking up those showers that are also in there as well. we will be watching for these showers abe a chance that some of them hang together and we will pick up a scattered shower throughout the philadelphia are
happened here is the u.s. government is calling china s bluff according to officials here. what they say is the chinese whenever they have been accused in the past of specific cases of economic espionage say show us the proof. so what the government has done today is they will say here it is. on this date, such and such happened. it s quite a bill of particulars against specific people in china. so the logical question is, would the chinese ever send these people here to face charges, what the government today is shaying with a very straight face is, wells we certainly expect them to. that s what they said they would do, so now we re calling their bluff. whether that will really happen or not is certainly debatable, but it is an escalation in what the obama administration is doing to counter chinese espionage. and what i m told is that the investigators got so deeply in to this will cah case that they identified specific key strokes with specific members of the chinese milita