October 11, 2020

Examining the Funding Gap Dilemma at Black Tech Fest 2020

Funding for founders of color can be a notoriously unfair game, with less than 1% of venture capital (VC) dollars going to Black founders and a mere 0.04% going to Black women-led startups. With these stats in mind, Black Tech Fest, held virtually on Oct. 13-15, will host a 40-min. panel titled 'Closing the Funding Gaps for Black Founders' to discuss how to approach the stacked deck of VC funding and how it affects Black entrepreneurs. Knowledgeable VCs and advisors Check Warner, Partner at Ada Ventures; Ben Narasin, Venture Partner at NEA; and Niklas Zennström, CEO and Founding Partner at Atomico, will speak with moderator Temitayo Odukoya, Startup and VC Lead at Colorintech, about diversity in the VC world and what actions can be implemented to make real change.

Today, we're excited to introduce you to a few VCs and founders who are committed to diversity. Make sure to register for #BTF20 and tune in to the 'Closing the Funding Gaps for Black Founders' panel on Wednesday, Oct. 14 at 6:05 PM BST.

Check Warner is one of the founding partners of Ada Ventures. She is also the Co-Founder and CEO of Diversity VC, a non-profit made up of interested individuals working in venture capital who seek to increase diversity of thought in the venture and tech industry.

Ben Narasin is a Venture Partner at NEA. A prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Ben has focused on emerging technologies and new markets throughout his investment career.

Niklas Zennström is CEO and Founding Partner at Atomico. He works daily with founders and sits on the boards of Farmdrop, Lilium, Pipedrive, Oden Technologies and Varjo. In 2007, he co-founded Zennström Philanthropies with his wife, Catherine. They focus their efforts in two areas: human rights and the environment.

Temitayo Odukoya is the Startup and VC Lead at Colorintech. She leads programs and initiatives for early-stage entrepreneurs and startups.

There's so much more in store at BTF20. Register for free now.