Source: TechCrunch
Summary
Crunchbase’s head of research, Gené Teare, spoke to TechCrunch about the challenges Black founders face in the startup ecosystem. According to Teare, the main obstacles include limited access to networks, relationships, and early introductions. This lack of access can hinder Black founders’ ability to secure funding and grow their businesses. The Crunchbase report highlights the ongoing disparities in the tech industry.
Our Reading
The announcement sounds ambitious.
Crunchbase’s report sheds light on the struggles of Black founders, citing limited access to networks and relationships as major hurdles. The report’s findings are based on data and research, aiming to raise awareness about the issue. However, this is not a new problem, and the industry has been aware of these disparities for years. The report’s recommendations for change are unclear. Once again, we’re reminded that “access” is just code for “who you know.”
Author: Evan Null
