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VCs shouldn’t confuse risk management with not funding diverse founders

The news that funding for Black founders is falling was no shock to the Black community, much of which was raised with the aphorism, “when white America catches a cold, Black America gets pneumonia.”
U.S. startups received VC funding of around $75 billion in Q1 and about $50 billion so far in Q2, despite investors pulling back and valuations decreasing as the markets trend downward. But as funding in the wider private market plummets, Black founders are seeing an even sharper decline: They received $1.2 billion in Q1 and only $324 million thus far in Q2, which was raised by only a

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