Investing in Black Founders Matters
On 1st July, we were joined by leading Angels and VCs who are seeking to make a difference to the level of investment reaching black and minority ethnic founders.
We are in midst of a powerful global movement where attention is being drawn to the actions needed to address racial inequalities, including those in the investment market, and focus on how we can create meaningful change. Looking at inequality with an investment lens, we are acutely aware that increasing opportunities and access to investment for black and minority ethnic communities is of utmost importance, which is why we at UKBAA, want to shine the spotlight on the much needed conversation. We need to understand better why so few of these entrepreneurs are coming through our pipeline and why so few are making their way through to investment. We also need to understand why there remain very few investors from black and minority ethnic communities within our investment base. We also lack data and sufficient understanding of the core issues.
We brought together several leading players from our community, who are taking important action to build investment in black and minority ethnic founders. They will share their insights and perspectives on the issue and what we can do to support and amplify their initiatives. They will also discussed what further actions are needed to build a much more connected and diverse investment ecosystem for the future of finance.
You can now view a recording of the webinar at your own leisure. Click here to view
Take the Implicit Bias Test here
A lot of information was discussed and links to further reading and information shared. Please see below some of the links:
- Extend Ventures have completed a survey on the impact of COVID-19 on Black and ethnic minority led businesses in collaboration with YSYS. You can download the first report here.
- 10×10 are investing in exceptional black founders. Find out more about them here
- The UK’s black VCs will be on Google Hangout every Friday lunchtime to answer any questions black and mixed-race founders have regarding fundraising. Register here
- Changing the game: how Cornerstone Partners are leveling the playing field for black and diverse founders. Read our recent article with co-founder Rodney Appiah. Click here
- If you are interested in learning more about Cornerstone Partners visit their website
- Applications are now open for The Angel Investing School’s September cohort. Apply here
- Open Letter to Leaders on Diversity & Inclusion, which shares 11 tips to lead more inclusive organisations. Read it here
- Matching tool to aggregate investors committed to funding black founders with founders raising. Click here
- Access new tools & proven tactics to grow as an agent of change and be an ambassador of inclusion in your community. Find out more
- Find out more about Community Growth Ventures (CGV) who are addressing the investment gap for underrepresented founders. Find out more
- Find out more about how to become an investor or an alie with Goodsoil VC who are addressing the investment gap for undervetured founders: GoodsoilVC.com
The panel included:
- Rodney Appiah, Co-founder & Chairman, Cornerstone Partners
- Andy Ayim, Founder, Angel Investing School
- Erika Brodnock, Co-Founder, Extend Ventures CIC
- Daisy Onubogu, Head of Network, Backed VC
- Charmaine Hayden, Senior Partner, GOODsoil VC
- Andy Davis, Angel Investor & Founder, 10X10 Fund
- Gerrad Olisa-Ashar, Co-founder, Diaspora Angels
- David Fisayo, Director of Programmes, Foundervine