Here at The Cap Table, our mission is to help more people get (and stay) on the capitalization table.
Historically, equity upside in startups and VC has been reserved predominantly for already-wealthy white males. This has helped create and perpetuate a cycle of inequity in this country.
We stand in solidarity with those protesting for George Floyd, Breonna Taylor, David McAtee, and the countless other black and brown people killed by senseless police violence.
Unequal access to capital and resources is a result of systemic racism that permeates every aspect of our society.
The future will be built by black & brown founders and investors.
This week, we’re highlighting founders, investors, operators, and sharing resources for people of color and allies to the community.
For non-people-of-color in startups and VC, the time for talk is over. We’re encouraged by some of the efforts this last week to raise awareness and funds, but we’re barely scratching the surface.
We cannot allow this moment to be a flash in the pan; we need systemic change. We promise to listen to and amplify black voices in our community. We promise to continually advocate for change and to hold leaders accountable.
Take time to learn.
A mural of George Floyd in Minneapolis by Xena Goldman, Cadex Herrera, Greta McLain, Niko Alexander, and Pablo Hernandez (via: Grace Ebert / Colossal)
Resources for Black Founders & Operators
BLCK VC - Bringing Together Black VC's and founders.
Backstage Capital - Backstage Capital has invested over $7M in more than 130 companies led by underrepresented founders.
DivInc - bridging the gap between underrepresented entrepreneurs and the resources they need to build profitable, high-growth companies,
Fearless Fund - Fearless Fund invests in women of color led businesses seeking pre-seed, seed level, or series A financing.
Harlem Capital - focused on investing in minority and women founders in the United States.
Black Founders to Follow
Web Smith, Founder @ 2PM
Minda Harts, CEO @ The Memo
Tristan Walker, Founder & CEO @ Walker & Company Brands
Delane Parnell, CEO @ PlayVS
Paul Judge, Ph.D. Cofounder of Pindrop & TechSquare Labs
Squawk Box @SquawkCNBC"This world's unfair. The conditions of surviving in it as a person of color gives you the attributes of being the perfect entrepreneur," says @pauljudge on SoftBank's new $100M fund. "It's not only the right thing to do, but it's a profitable thing to do." https://t.co/QhYczezmjh
Emerging Black VCs You Should Invest into as an LP
source: (LinkedIn / Chase Ross Emanuel)
Black Investors to Follow
Aaron Holiday Cofounder & General Partner @ 645 Ventures
Arlan Hamilton Founder @ Backstage Capital
Earnest Sweat Associate Partner @ GreatPoint Ventures
BLCK VC @BLCKVCThank you to the more than 3700 people who joined #WeWontWait today! There's more work to be done, so keep supporting. Here' the video: https://t.co/0pzcsOjnrj
Megan Maloney Principal @ General Catalyst
Elliott Robinson Partner @ Bessemer
Nait Jones, Partner @ Andreessen Horowitz
Brian Brackeen General Partner @ Lightship Capital
Michael Seibel Partner at Y Combinator
How to be a Non-Black Ally
As a VC, the obvious answer is to back more black and brown founders and encourage your portfolio companies to hire more black talent.
As a founder or hiring manager, hire more black people.
After that, donate:
Anti-Racist Resources by Ryan Johnson (curated list, full of comprehensive racial and social justice reform links)
How George Floyd’s Death Made Racial Violence Real to Me by Josh Johnson
Race, Discrimination & Social Justice Reading List - open source book list
Anti-Racist Resources - open source book list
Death in Black and White - NYT OpEd by Michael Eric Dyson
This is just the beginning. We hope this serves as a spark for future change in the startup and VC community.