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How the venture capital community can better support Black founders

May 27, 2021
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For startup founders looking to make their dream business a reality, there’s never been a better time to look for funding. Venture capital spending soared to a record $131 billion in 2018, according to PitchBook and the National Venture Capital Association. The year saw blockbuster IPOs for Spotify, Dropbox and ADT. In the years since, the funds have continued to flow.
Yet amid all this wealth creation, the breathless headlines, the monumental achievements of American innovation, a Deloitte study reports that just 3% of venture capitalists identified as Black or Latino in 2018, the most recent year for which data are available. Barely 1% of VC funding that year went toward Black or brown entrepreneurs. ....

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UK Announces New Program to Support Local Venture Capital Formation

LEXINGTON, Ky. (May 24, 2021) The University of Kentucky (UK) Office of Technology Commercialization (OTC) is pleased to announce the offering of Launch Blue Ventures (LBV) to support the growth of venture capital for startups in Kentucky. A part of Launch Blue, a startup accelerator program developed by UK OTC in partnership with Bluegrass Angels (BGA) and Kentucky Science and Technology Corporation (KSTC) and others, LBV is a venture capital management services program supporting the development, provision and management of venture capital to benefit Kentucky startups.
“UK is a catalyst in the Kentucky technology-based economic development startup ecosystem. As the largest incubator of new technologies and startups in the state and through partnerships across the state, UK is the founder and manager of numerous innovation and accelerator programs that are accessible by innovators, entrepreneurs and startups statewide,” said Ian McClure, associate vice president for r ....

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Senators introduce relief bill for flagging fitness industry

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SUBSCRIBE TO THE RECAST TODAY: Power is shifting in Washington and in communities across the country. More people are demanding a seat at the table, insisting that politics is personal and not all policy is equitable. The Recast is a twice-weekly newsletter that explores the changing power dynamics in Washington and breaks down how race and identity are recasting politics and policy in America. Get fresh insights, scoops and dispatches on this crucial intersection from across the country and hear critical new voices that challenge business as us ....

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Kathleen King, The Founder Of Tate's Bake Shops, Announces Investment In Better-For-You Snacking Company Chasin' Dreams

Kathleen King, The Founder Of Tate's Bake Shops, Announces Investment In Better-For-You Snacking Company Chasin' Dreams
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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California's Economy Dodged a Covid Budget Bullet Thanks to Tech, But Flight Risk Is Real

Whether it was high taxes, political disenchantment, rising crime rates or the devastating wildfires that arrived earlier than normal and produced toxic air across wide swaths of the West Coast, California residents found many reasons to seek refuge elsewhere. For those with office jobs, escaping was easy because they could suddenly work from mountains, beaches, campsites and rental homes along the way.
Some of the criticisms of California are the same as ever: State income taxes are the highest in the country. Regulations are stifling. Red tape is everywhere. Living costs are crazy.
Others were Covid-specific: The response has been choppy and seemingly arbitrary. Schools and businesses were closed for way too long. Gov. Gavin Newsom, a Democrat, looked like a hypocrite for attending a dinner party at the French Laundry restaurant, where a meal costs around $300 a person, while many businesses in the state were shuttered and citizens uncertain as to whether it was safe to ....

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