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For Black, brown and other people from marginalized groups in the workplace, there continue to be stark inequalities that hinder our success. Take, for instance, Black women, who are estimated to lose over $900,000 over a 40-year career because of the earnings gap. For Black founders, funding has continued to trend downwards over the past three years — dropping a staggering 71% in 2023 (far outpacing the 37% decline in total VC spend). Black women founders receive a mere 0.34% of total VC spend.
Just last month, the U.S. Court of Appeals blocked a Black-owned venture capitalist firm from awarding grants
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