On a new model for venture capital investing to affect social equality for Founder funding.
Source: Village Capital: Flipping The Power Dynamics: Can Entrepreneurs Make Successful Investment Decisions?
In 1963, President John F. Kennedy ordered the U.S. Army 2nd Infantry Division to enforce the racial integration of The University of Alabama.
In a vain attempt to halt the enrollment of black students, Governor George Wallace stood in defiance, refusing to allow admission to these exceptional students.
Almost 60 years later, America is a country more divided than ever, and segregation still exists albeit in a less overt form.
👨🏿🚀 African Americans represent 12% of the U.S. population, yet only receive 1% of funding from Venture Capitalists.
👩🏽🚀 Latino Americans represent 17% of the U.S. population, yet only receive 2% of funding from Venture Capitalists.
👩🚀 Females represent 58% of the U.S. population, yet only receive 9% of funding from Venture Capitalists.
As in the case of George Wallace, 🙅♂️ Venture Capitalists will continue this pattern unless they are forced to stop.
What is a possible fix?
I fully support the Peer-Selection Model by Village Capital - it is the equivalent of JFK sending in the infantry to force Social Equality in venture capital.
Download the Full Report by Village Capital.