This National Org Aims to Grow the Number of Black VCs. Now it Has a Baltimore-DC Chapter

Only 1% of founders who receive VC funding are Black.

It’s a statistic that will require intention to fix. Dig a little deeper into the numbers, and it’s clear that more diversity is also needed among the teams at the investment firms who write the checks: A 2018 stat showed that just 3% of venture capitalists are Black.

It’s a piece of the equation that national nonprofit BLCK VC is seeking address.

“The idea is that the best way to get funding to diverse founders is to have diverse people writing checks,” said Maurice Bossiere, chief commercial officer with Fulton-based cyber foundry DataTribe.

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