BLCK VC Created an Initiative Named the Black Venture Institute
Daniel Johnson — October 15, 2020 — Business
References: blckvc & techcrunch
BLCK VC created the Black Venture Institute, an educational initiative, which will look to give Black business owners angle investment opportunities. The Black Venture Institute will attempt to hire 300 students over a three-year period to create a network of Balck investors.
Frederik Groce, a co-founder of BLCK VC, stated that the program was created back in 2018 to help increase access to venture capital.
“It is these closed networks that have helped contribute to the lack of access for the Black community over the years. Black Venture Institute is a structural attempt to create access for Black operators,” Said Groce
BLCK VC also has a number of high-profile partners including Operator Collective, Salesforce Ventures and the Berkeley Haas School of Business.
Image Credit: BLCK VC
Frederik Groce, a co-founder of BLCK VC, stated that the program was created back in 2018 to help increase access to venture capital.
“It is these closed networks that have helped contribute to the lack of access for the Black community over the years. Black Venture Institute is a structural attempt to create access for Black operators,” Said Groce
BLCK VC also has a number of high-profile partners including Operator Collective, Salesforce Ventures and the Berkeley Haas School of Business.
Image Credit: BLCK VC
Trend Themes
1. Increased Access to Venture Capital - The Black Venture Institute aims to provide Black business owners with more opportunities for angle investment, creating a trend towards increased inclusivity in VC.
2. Diversifying Investment Networks - The Black Venture Institute is building a network of Black investors through hiring students, indicating a trend towards diversifying investment networks to include more underrepresented groups.
3. Educational Initiatives in Venture Capital - BLCK VC's creation of the Black Venture Institute highlights a trend towards education and training initiatives in venture capital to increase access and inclusivity.
Industry Implications
1. Venture Capital - Venture capital firms can benefit from disruptive innovation opportunities by implementing educational initiatives and diversifying their investment networks to include more underrepresented groups.
2. Higher Education - Higher education institutions can benefit from disruptive innovation opportunities by partnering with organizations like BLCK VC to provide educational initiatives and increase access to funding for underrepresented groups.
3. Business Consulting - Business consulting firms can benefit from disruptive innovation opportunities by offering services that help venture capital firms diversify their investment networks and increase access to capital for underrepresented groups.
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