What Do You Think When You See the Word Entrepreneurial?

When considering the many underserved communities and instances of ethnic injustice that require attention in the U.S., venture capital funding might not immediately come to mind.However, Hispanic and Black entrepreneurs receive only a minuscule portion of venture capital, which is drastically out of sync with their representation in the population.Despite differences in gender and education, 77% of venture fund recipients are White, while only 1% are African American [1].The 2013 SBA Annual Report revealed that while there was some progress, only 15% of this funding went to women and underserved minority groups [2], despite these groups making up approximately 50% of the U.S. population.The private sector reflects a similar imbalance.According to a 2019 report by Diversity VC [1], a nonprofit promoting diversity in Venture Capital (VC), a comprehensive survey of around 10,000 founders who received venture capital revealed that only 9% were women, and just 1% were Black.