In the startup world, Black female founders are well aware of the obstacles they’re up against in the path to getting funded. Less than 1% — 0.2% to be exact — of venture capital, or VC, funding goes to women of color.
If we want the numbers to change, that pattern needs to be restructured, and a new, more diverse model set. Ahead, eight Black women at different stages of the VC funding process share their experiences, talking about everything from the mentors who made a difference to the challenges they weren’t expecting. Included in the roundup is the woman who, last year, became just the 14th Black female founder to raise $1 million, as well as women who haven’t received any funding to date.
Read more from Refinery29’s feature on eight black female founders here.