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Investors call for broader networks to boost Black founder funding

Crunchbase News •
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Crunchbase News closed its three‑part series on venture funding for Black‑founded startups by interviewing six active investors. They pinpointed three levers that could lift the tiny share of capital Black founders receive: widening deal‑sourcing networks, dismantling pre‑pitch structural barriers, and shifting investor mindsets. The discussion builds on Crunchbase’s Diversity Spotlight data that shows funding to Black entrepreneurs remains marginal.

Seae Ventures partner Arianne Kidder warns that market corrections push firms back into familiar circles, leaving underrepresented founders starved of pipelines. She cites Seae’s nine Black‑founder investments as proof that talent exists outside comfort zones, especially in healthcare. Lobby Capital’s David Hornik backs the claim with Lobby: Elevate, an event that creates direct founder‑investor touchpoints and counters implicit bias.

Managing partner Garry Johnson III of Bison Venture Partners stresses that Black founders often build scalable companies with far less cash, yet that scrappiness can penalize them during pitches. Charlie O’Donnell of Brooklyn Bridge Ventures adds that homogeneous recruiting pipelines and an all‑white Silicon Valley ecosystem force many Black engineers to seek work elsewhere, significantly shrinking the talent pool that reaches investors.