Join InHerSight's growing community of professional women and get matched to great jobs and more!
Sign Up
Already have an account? Log in
Rate Now
Blog Quick Hits

Steps to Close the Gap in Funding for Black Female Founders

It's a tough ring for female investors, especially women of color. Less than 3 percent of the $100 billion in venture funding given to American entrepreneurs goes to female founders, and of that, only 0.2 percent goes to black female founders. On Friday at the inaugural Black Women Raise conference, 80 black female founders convened to voice their concerns and give advice going forward to change the trend. There's a long road ahead of us, but several of the badass founders had some great tips. They said black female founders should seek out investors who have historically invested in minority entrepreneurs, investors should self-monitor their portfolio’s ratio of diverse founders, and founders should never hold back on sharing their story and how many long nights they worked. Sutian Dong, a partner at Female Founders Fund, wrapped it up perfectly: “More black women need to be controlling capital to put that into companies run by black female founders.” Clearly there’s no be-all-end-all solution, but these tips could help bring us another step closer to closing the gap.

Equal Opportunities Company Culture
Rate a company you've worked for
Share what it's like at your employer. It's anonymous and takes 3 minutes!

Share this post


Women Have More Leading Roles on TV Than Men, Data Shows

January 15, 2019 by InHerSight