Today more than 48 million Americans self-identify as black per Pew research. Representing 14.4% of the US population. As reported in TechCrunch, if funding share was in line with population, one would expect companies with a black founder or co-founder to attract more than 14.4% of all funding, given that startups commonly have more than one founder. Darren Dodson, founding partner and managing director at Lumen Capital, a venture fund operating on the basis that bias hinders optimal financial performance, says there's a lot of work to do on addressing issues of bias. The proportionately low funding totals demonstrate that investors appear to be passing on promising entrepreneurs due specifically to racial bias, and demographics support this.