In the world of Venture Capital, access to resources is not distributed equally. While innovation is universal, opportunity is not. This system explores the stark disparity in funding allocation between Black founders and the broader market.
Black entrepreneurs receive less than 1% of total venture capital funding, highlighting a significant barrier to entry in the innovation economy.
The effects of Algorithmic bias and systemic racism combined to create a feedback loop. A lack of initial "seed" capital prevents growth, leading to smaller networks, fewer "mega-rounds," and a systemic lockout from the innovation economy. A mega round is a single venture capital funding deal worth $100 million or more.
In other words, many black entrepreneurs need a "headstart" to get a "headstart" in the world of venture capitalism.
"You must spend money to make money." - Plautus
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Primary Source: Crunchbase Diversity Report 2024.
Funding Data: Total Global Venture Funding ($140B+) vs Funding Allocated to Black
Founders (~$700M).
This visualization was created to highlight the disparity not just in numbers, but in the potential for growth.
CREATED BY Fred M. Whitley III