Black and Latino entrepreneurs are struggling for capital access. Companies with all-white founders receive a higher median investment from venture capitalists, according to research from CB Insights. In Silicon Valley, 83% of teams getting seed and Series A money are all white. CB Insights found that a mere 1% of seed and Series-A funding nationally went to black founders. On the upside, there are a growing number of venture funds intended to help entrepreneurs of colors better access capital, including Intel Capital Diversity Fund, Comcast Ventures Catalyst Fund, and Groundwork.
