Venture funds converge to support Black startups
Four venture funds are coming together to support Black-founded startups in the heartland. The support includes a series of virtual panels with nationwide leaders and a $2 million virtual pitch event for startups based outside of New York, Boston, or the Bay Area. The four VCs are Opportunity Hub, 100 Black Angels & Allies, Morgan Stanley’s Multicultural Innovation Lab, and Steve Case’s Revolution Rise of the Rest.
On December 1st and 2nd, the partners will host virtual town halls featuring leaders from cities, historically Black colleges and universities, startups, and venture funds to discuss ways to support founders of color. Three startups will share the $2 million pitch-event prize.