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Blog Startups The PISLA Beat

How We Got Here And How We Get Out: A Q&A with venture capitalist Melissa Bradley on the Black funding gap

“Fortune,” sat down with Melissa Bradley, managing partner of 1863 Ventures, to talk about the funding divide between black and white entrepreneurs.

The evidence isn’t encouraging. According to Crunchbase data, just approximately 1.3 percent of US venture capital money went to Black-founded startups in 2021. Despite the fact that Black entrepreneurs raised $4.2 billion in venture capital last year, a 281 percent increase over the previous year, they still receive a fraction of the money accessible to their white counterparts. They aren’t alone; there are significant disparities in Latino and women-owned firms as well, but each group has unique problems.

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Blog Startups The PISLA Beat

Helping Black Businesses Achieve Success

Owned by BLK The BYEH’s Trailblazer Program, a Bootcamp program for Black identifying Youth Entrepreneurs has been launched by HamOnt, a Black entrepreneur support network!
For entrepreneurs ages 18 to 39, BLK OWNED has designed a Bootcamp program to help Black entrepreneurs set up their businesses for success. This is an 8-week program that runs from March 5th to April 14th and covers themes like marketing, sales, and company digitization.

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Blog Startups The PISLA Beat

Black History Month Campaign Honors Black Future Makers

Shania Accius, a Black Future-Maker started the Zawadi Cultural Collective to organize cultural events in the San Fernando Valley.

Acius leads an all-Black Girl Scout troop that emphasizes character, culture, and community. When she identified the need for a resource hub, she started a Black business Facebook group, which now has 4,000 members.


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Blog Startups The PISLA Beat

These Black C.E.O’s turned obstacles into opportunities

The impact of Covid-19 was disproportionately felt by black company owners; a year into the epidemic, the number of black CEOs had increased by 38%. Surprisingly, 17% of Black women are in the midst of beginning or running their own business. Verizon news center met with a few of these business owners to learn more about their inspirational stories. One of these inspirational leaders includes Eben Rey, CEO of NEIO Systems in Los Angeles, CA.

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