In America, Less than 1% of senior investment team members are black. However, a growing group of African American women are spearheading values-driven investment capital and identifying smart business opportunities that challenge unconscious bias (80% of the US population is a person of colour or female or both, multi-ethnic consumers have a purchasing power of $3.4T).
Instead of focusing on diversity, focus on enlisting underserved talent to identify new or untapped, non- traditional markets. Funds that focus on the business value created by minority founders” will do more for the success of their next funding than reporting their views on diversity”. Diane Henry (Angel Investor)
Source: Black Women VCs Are Challenging The Culture Of The Investment Industry | Co.Exist | ideas + impact