The Presidential Daily Brief

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    Black Female Entrepreneurs Are Not Getting Funded

    It’s bias in black and white. Of 10,238 venture deals forged from 2012 to 2014, only 24 involved Black women founders, according to a new report. Kathryn Finney and her startup accelerator Digital Undivided found that those lucky few raised a paltry average of $36,000, compared to the $1.3 million average for startups, typically founded by white males. Black women’s businesses generate over $44 billion annually in America, but they’re “the real unicorns of tech,” the study says, noting how Silicon Valley needs to see diversity as a market opportunity.

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