It’s time for LPs to take more responsibility in the fight for economic equality

The past decade has seen Black founders raise a vanishingly small portion of venture capital funding. How to fix the problem? That question is always met with the same answer: Allocate more capital to Black entrepreneurs.
But that has yet to happen. In fact, Black founders receive less than 1.5% of all VC funds, whether bull or bear market. So what’s going on?
Perhaps it’s time for this discussion to center on limited partners (LPs), especially because they sit at the very top of the VC power structure. According to McKeever Conwell, founder of RareBreed Ventures, if LPs aren’t all

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