“BLCK VC and SVB intend for this report to establish a baseline that can be used to measure future progress”
–Courtney Karnes, Director of Access to Innovation at SVB
Advancements in the technology and life science industries are changing our world for the better. And yet, much potential will remain untapped until the broader ecosystem is representative of society as a whole. In 2017, SVB launched its Access to Innovation program with this goal in mind, to build a more diverse and inclusive innovation economy. We are proud to be a founding partner of the first company of BLCK VC Black Enterprise State report, which highlights access disparities and raises the key questions business leaders need to ask to begin the journey of transformational progress.
the report specifically examines how black partners and fund managers – the check writers who make funding decisions – are increasing their influence, including by launching new funds and expanding their networks. It also highlights the systemic barriers faced in becoming partners and attracting LP funds, particularly at the levels required for Series A investments and beyond.
BLCK VC and SVB want this report to establish a baseline that can be used to measure future progress and galvanize commitment and action. To quote BLCK VC co-founders Sydney Sykes and Frederik Groce, “Our strength comes from our community. That’s why BLCK VC’s mission is built on three pillars: growing black investors at all levels, advancing the careers of those in the industry and provide accurate data on black venture capital and the startup ecosystem.”
Given our collective experiences, let’s work together to make a difference. ask yourself, how can i help change perspectives on who makes a successful entrepreneur, venture capitalist or fund manager? How can I broaden my search for talent or new founders and fund managers to support? How can I educate my colleagues?
We encourage you to register to join BLCK VC co-founders Sydney Sykes and Frederik Groce and SVB Capital Chairman John China on February 17 for a virtual discussion of report findings. They will be joined by Sydney Thomas, principal at Precursor Ventures; Henri Pierre-Jacques, managing partner at Harlem Capital; and Elliot Robinson, Partner at Bessemer Venture Partners for an engaging discussion. Share this report with people in your networks to help encourage greater awareness and action. And visit Access to Innovation to find out how we are working to build a more diverse and inclusive innovation economy for everyone.
Register for the event HERE.
SVB Financial Group published this content on February 09, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 09, 2022 12:08:02 UTC.