Funding to Black founders is only getting worse after the promises made in 2020.

  • @TropicalDingdong
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    1111 months ago

    Venture captitolism is more about keeping class structures intact that it is creating hand over fist revenue. It rewards credential-ism and “coming from money” more than intelligence, drive, or grind.

    If you’ve got a good idea and looked for money to fund it, don’t feel slighted by a rejection by VC. They don’t know their asses from wholes in the ground when it comes to finding diamonds in the rough, and the numbers pan out. Venture capitol is less effective than a coin flip at identifying successful business models.