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Venture capital has been the way the world’s most promising tech companies get funded. But it’s a notoriously white industry. A survey last year by the National Venture Capital Association found that just 4% of U.S. workers in the industry are Black. HBCUvc is a nonprofit trying to change that by connecting VC firms with historically Black colleges and universities, like Morgan State. Marketplace’s Amy Scott spoke to HBUvc leadership, students and Black entrepreneurs to find out more about how the group might bring about change.
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Venture capital has been the way the world’s most promising tech companies get funded. But it’s a notoriously white industry. A survey last year by the National Venture Capital Association found that just 4% of U.S. workers in the industry are Black. HBCUvc is a nonprofit trying to change that by connecting VC firms with historically Black colleges and universities, like Morgan State. Marketplace’s Amy Scott spoke to HBUvc leadership, students and Black entrepreneurs to find out more about how the group might bring about change.
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