That's how you bytches cope with reality. We playing a game blindfolded with our hands tied and wonder why we losing.
"All you nikkas do is oplay victim and make excuses"
- Thread starter EBK String
- Start date
That's how you bytches cope with reality. We playing a game blindfolded with our hands tied and wonder why we losing.
White people have seemingly unlimited wealth and endless privilege. Which is why it truly angers me whenever they complain about anything.
The numbers don't lie right there.
Black people who have a passionate energy and bring innovative ideas can barely get venture capital, yet they'll throw hundreds of millions at a cac no matter how badly he or she fukked up just cause they a cac.
The numbers don't lie right there.
Black people who have a passionate energy and bring innovative ideas can barely get venture capital, yet they'll throw hundreds of millions at a cac no matter how badly he or she fukked up just cause they a cac.
According to this article, there was $62.7B invested in US startups in Q2.
news.crunchbase.com
So black founders got about .5% of those investments. I'm honestly surprised it's that high, given how few black people there are in tech, especially at higher levels.
Correction: that figure is for all of North America, so that percentage of investment with black founders would probably be even smaller.
North American Startup Funding Fell Further In Q2
Startup financing fell across all stages in the second quarter of 2022, with the drop most extreme at the latest stages.
news.crunchbase.com
So black founders got about .5% of those investments. I'm honestly surprised it's that high, given how few black people there are in tech, especially at higher levels.
Correction: that figure is for all of North America, so that percentage of investment with black founders would probably be even smaller.
VC Funding To Black-Founded Startups Slows Dramatically As Venture Investors Pull Back
June 17, 2022
101Shares
Venture funding to Black-founded startups in the U.S. was $324 million in the second quarter of this year—a steep drop from prior quarters when investment to those companies had just started to show hopeful signs of progress.
Although funding to Black startup founders in the U.S. has always been disproportionately tiny—at single-digit percentages—last year set a record in terms of dollars invested in those companies, Crunchbase data shows. Quarterly funding in the five quarters before this was much higher, ranging between $850 million and $1.2 billion, according to Crunchbase’s Diversity Spotlight data.
While Q2’s investment dollars could shift by the close of the quarter in a few weeks, for now that funding to Black startup founders in the U.S. is significantly below the quarterly average since the first quarter of 2021.
This year’s funding decline comes amid a general pullback in venture dollars invested this year, a troubling sign that as venture investors become more cautious, underrepresented entrepreneurs may be among those to feel the retraction most acutely.
Percent of U.S. funding
Startups with at least one Black founder have received 1.9% of deal counts and 1.2% of overall venture dollars invested in the U.S. so far this year, Crunchbase data shows.
That’s in line with the tiny sliver of funding that has typically gone to startups with Black founders: Dollars invested have fluctuated between 0.8% and 1.3% since 2017 per year as a proportion of U.S. funding, according to Crunchbase data. Deal counts since 2017 have ranged slightly higher, between 1.8% and 2.6%.
New unicorns in 2022
Two companies with a Black founder have joined The Crunchbase Unicorn Board in 2022.
One of them is Virginia-based kidney-care company Somatus, which raised its $325 million Series E led by Wellington Management at a valuation of $2.5 billion. The company partners with primary care groups and health plans, and serves 150,000 members with its products.
The other is New York-based Esusu Financial, which raised a $130 million Series B led by the SoftBank Vision Fund that valued the company at $1 billion. The company helps renters build credit by capturing rental payment data. It reaches more than 2.5 million units across the U.S.
In 2021, a total of six companies with a Black founder joined the Unicorn Board.
2021 peak
The peak year for funding to Black founders was 2021, which mirrors the dramatic rise in venture funding to U.S.-based startups overall that occurred last year.
More than $4.3 billion was invested in 2021 to Black-founded companies in the U.S., with just over $1.9 billion, or 44%, of that at seed or early-stage funding.
While that represented a highwater mark in terms of overall dollars invested, Black-founded startups still received just 1.3% of all venture and growth equity financing to U.S. startups last year.
2022 to date
So far in 2022, $100 million has been invested in Black-founded U.S. startups at seed, $591 million at early-stage, and around $876 million at later stage to 100 startups.
100 companies and counting
So far in 2022, 100 U.S. companies with a Black founder have raised venture funding, the vast majority at the seed and early stages, Crunchbase data shows. At the halfway year mark, this tracks below 2021, but isn’t too far off from funding in prior years.
Black-founded startups were already struggling to get past single-digit percentages for funding last year, and that was a peak year for VC funding. In an uncertain venture environment in 2022, where investors are focused on their portfolio companies’ survival, that is not likely to improve.
Crunchbase Pro queries referenced in this article
The data contained in this report comes directly from Crunchbase, and is based on reported data provided by our Diversity Spotlight partners, venture partners, our community network and news sources. The data in this report is focused on the U.S. market for underrepresented minorities, namely Black/African American-founded companies.
Crunchbase’s dataset is constantly expanding, but there are gaps. A company may not have founders listed, or the Diversity Spotlight data may not be updated on its Crunchbase profile. We do believe we are missing companies, especially at the early stages of funding.
June 17, 2022
101Shares
Venture funding to Black-founded startups in the U.S. was $324 million in the second quarter of this year—a steep drop from prior quarters when investment to those companies had just started to show hopeful signs of progress.
Although funding to Black startup founders in the U.S. has always been disproportionately tiny—at single-digit percentages—last year set a record in terms of dollars invested in those companies, Crunchbase data shows. Quarterly funding in the five quarters before this was much higher, ranging between $850 million and $1.2 billion, according to Crunchbase’s Diversity Spotlight data.
While Q2’s investment dollars could shift by the close of the quarter in a few weeks, for now that funding to Black startup founders in the U.S. is significantly below the quarterly average since the first quarter of 2021.
This year’s funding decline comes amid a general pullback in venture dollars invested this year, a troubling sign that as venture investors become more cautious, underrepresented entrepreneurs may be among those to feel the retraction most acutely.
Percent of U.S. funding
Startups with at least one Black founder have received 1.9% of deal counts and 1.2% of overall venture dollars invested in the U.S. so far this year, Crunchbase data shows.
That’s in line with the tiny sliver of funding that has typically gone to startups with Black founders: Dollars invested have fluctuated between 0.8% and 1.3% since 2017 per year as a proportion of U.S. funding, according to Crunchbase data. Deal counts since 2017 have ranged slightly higher, between 1.8% and 2.6%.
New unicorns in 2022
Two companies with a Black founder have joined The Crunchbase Unicorn Board in 2022.
One of them is Virginia-based kidney-care company Somatus, which raised its $325 million Series E led by Wellington Management at a valuation of $2.5 billion. The company partners with primary care groups and health plans, and serves 150,000 members with its products.
The other is New York-based Esusu Financial, which raised a $130 million Series B led by the SoftBank Vision Fund that valued the company at $1 billion. The company helps renters build credit by capturing rental payment data. It reaches more than 2.5 million units across the U.S.
In 2021, a total of six companies with a Black founder joined the Unicorn Board.
2021 peak
The peak year for funding to Black founders was 2021, which mirrors the dramatic rise in venture funding to U.S.-based startups overall that occurred last year.
More than $4.3 billion was invested in 2021 to Black-founded companies in the U.S., with just over $1.9 billion, or 44%, of that at seed or early-stage funding.
While that represented a highwater mark in terms of overall dollars invested, Black-founded startups still received just 1.3% of all venture and growth equity financing to U.S. startups last year.
2022 to date
So far in 2022, $100 million has been invested in Black-founded U.S. startups at seed, $591 million at early-stage, and around $876 million at later stage to 100 startups.
100 companies and counting
So far in 2022, 100 U.S. companies with a Black founder have raised venture funding, the vast majority at the seed and early stages, Crunchbase data shows. At the halfway year mark, this tracks below 2021, but isn’t too far off from funding in prior years.
Black-founded startups were already struggling to get past single-digit percentages for funding last year, and that was a peak year for VC funding. In an uncertain venture environment in 2022, where investors are focused on their portfolio companies’ survival, that is not likely to improve.
Crunchbase Pro queries referenced in this article
- Funding to Black-founded companies in 2022 YTD ($1.6B)
- Black/African American founded unicorn companies (11)
- Methodology
The data contained in this report comes directly from Crunchbase, and is based on reported data provided by our Diversity Spotlight partners, venture partners, our community network and news sources. The data in this report is focused on the U.S. market for underrepresented minorities, namely Black/African American-founded companies.
Crunchbase’s dataset is constantly expanding, but there are gaps. A company may not have founders listed, or the Diversity Spotlight data may not be updated on its Crunchbase profile. We do believe we are missing companies, especially at the early stages of funding.
Last edited:
The Fade
I don’t argue with niqqas on the Internet anymore
That Fyre Festival dude was getting high level investors just for saying vague shytWhite people have seemingly unlimited wealth and endless privilege. Which is why it truly angers me whenever they complain about anything.
The numbers don't lie right there.
Black people who have a passionate energy and bring innovative ideas can barely get venture capital, yet they'll throw hundreds of millions at a cac no matter how badly he or she fukked up just cause they a cac.
Also the people who use that victim retort stay blaming women and Joe Biden for their problems. Irony