News Formal

Adeyemi Ajao and Base10 are raising a new $250 million fund - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Base10 is raising a new $250 million fund and doubling down on diversity in venture investing

, which recently announced funds that are explicitly designed to back founders of color or those from underserved communities, Base10 hasn't made such a commitment either in its first fund or its second. What it has done is to intentionally break out of the standard way of doing business in the venture industry.

. As of 2018, two-thirds of venture firms didn't have a single female partner and only 3% of all partners were Black, according to the National Venture Capital Association. Meanwhile, just 1% of venture-backed founders were African American, and only 9% were women, according to a report last year from RateMyInvestor and Diversity VC.

Because it hasn't committed to invest a certain part of its funds in minority- or female-led companies, Base10 could have invested only in companies founded by white males and might do so in the future, Ajao said. But "that's highly unlikely," he said. Ajao and his team are also planning on working more closely with funds including Precursor Capital and Plexo Capital, which prioritize investing in startups founded by women and people of color. They plan to meet with the founders backed by such firms and to invest alongside them in future deals.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Research finds Andrew Yang's plan would cost Facebook $250 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. hmm🧐 sounds like a dream for the people! so it aint gonna happen They would've posted a picture of Zuckerberg crying but he never got around to installing his Emotion Chip.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Connect Ventures raises $80 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Virtual events startup Hopin raises $40 million as demand explodes - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If the conference dies the hotels die
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »