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Black Founders

Angel Group · 4 Members · San Francisco, CA, USA
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Our Investment Focus

Black Founders Startup Ventures
The Black Founders mission is to increase the number of successful black entrepreneurs in technology.
The goal of our organization is to create an ecosystem that stimulates entrepreneurship and fosters economic growth in the community. In 2010, the black demographic entered entrepreneurship at a rate of 0.24% and comprised 9% of the total new entrepreneurship activity in the US. (source: Kauffman Foundation) Black entrepreneurs, however, remain underrepresented in the tech entrepreneurship space. Black entrepreneurs make up only 1% of VC-backed tech startup founders and during the period measured from January to June 2010, the median amount of funding secured by an all-black founding team was $1.3 million, compared to $2.2M for a racially mixed team, and $2.3M for an all-white team. (source: CB Insights)

Black Founders exists to empower entrepreneurs and provide founders with access to advice, mentorship, and funding. Our vision for Black Founders is to develop programs that equip entrepreneurs, inspire innovation, and allow us to share resources and knowledge.

Interested entrepreneurs should apply now to become part of Black Founder's portfolio of high growth companies.

Applicants should apply if they:

-Are high-growth company with prototype
-Can demonstrate significant market opportunity
-Have at least one founder of African descent

Preferred Industries

  • Biotechnology
  • Business Products
  • Clean Technology
  • Consumer Products
  • Education
  • Fashion
  • Financial Services
  • Food and Beverage
  • Gaming
  • Industrial/Energy
  • Internet / Web Services
  • Lifestyle
  • Marketing / Advertising
  • Media and Entertainment
  • Mobile
  • Software
  • Sports
  • Travel