The common response when the lack of investment into black founders is highlighted is that there’s ‘a pipeline problem.’ So, in this edition of our newsletter, and in the spirit of Black History Month, we wanted to debunk this myth by highlighting the incredible achievements of five early-stage black founders in 2020. In spite of the unprecedented challenges we have all faced this year, we have heard some incredible stories of innovation and resilience.
For all the grief and dismay expressed around the world following the murder of George Floyd in May, for all the supportive words about racial justice from newly enlightened allies, there is still a long road ahead to achieving lasting change.
Here at Extend Ventures, nowhere is the need for change more visible than in the access to investment for Black businesses in the UK.
In our inaugural newsletter last month, we asked for a little less conversation and a little more action. This month is all about exploring how to take tangible action to build back better as we emerge from the Coronavirus pandemic.
Our message can be summed up in 3 C's: Capital, Contracts and Cooperation.
Members of Extend Ventures, along with many others in the community long deserving of the spotlight, have received non-stop requests for advice - opportunities that could not be passed up as we aim to diversify access to finance, drive awareness of the issues and improve outcomes for Black founders...
So now what? We’ve had the conversation. Where is the action?