Funding to Black founded startups drops 71% vs 37% for non-black founders proving once again that when the going gets tough, #VentureBros return to what they know best. Each other: https://news.crunchbase.com/diversity/venture-funding-black-founded-startups-2023-data/ #VC #venturecapital #startups
Drop In Venture Funding To Black-Founded Startups Greatly Outpaces Market Decline

Venture funding to Black-founded U.S. startups last year totaled only $705 million — marking the first time since 2016 that the figure failed to even reach $1 billion, Crunchbase data shows.

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