The Founders of Color Changing LA's Startup World

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

Even after the tech industry's reckoning after the killing of George Floyd last year, the startup world is still overwhelmingly dominated by white men.

Of the $150 billion in venture funding raised by U.S startups last year, just $1 billion went to Black founders, according to Crunchbase.

And Southern California is hardly bucking the trend. Just 2% of VC investment partners here identify as Black or Latino and less than 10% of VC-funded companies are led by women or people of color in Southern California, according to PledgeLA.

But even though progress has been slow, there are founders of color helping lead the new wave of tech startups.

Who stands out? We asked the region's top VCs to weigh in.


The list includes a young CEO who grew up without internet access who's now building an esports empire as well as a music industry veteran using artificial intelligence to predict what songs will become breakout hits.

Here is who topped the list in alphabetical order of votes received.

Delane Parnell

Delane Parnell

Delane Parnell

PlayVS' founder didn't grow up with internet access. But now the young CEO is building an online esports empire. The Detroit native told dot.LA that a chance meeting brought him to Los Angeles where the company took off, raising $108 million since launching in 2018.

Since it entered the esports marketplace for high school teams, PlayVS has raised $107 million. Now, 43% of all high schools in the country have an esports team, playing Fortnite, SMITE, League of Legends and other games using the PlayVS platform. But Parnell has larger ambitions.

"I still want to build a digital playground in which every gamer can compete, whether they're high school-aged or college-aged or in their 40s in any sort of context of competition," he told dot.LA in April.

Hamet Watt

Hamet Watt

Hamet Watt

Hamet Watt, co-founder and former chairman of MoviePass, unveiled Share Ventures last fall after raising over $10 million in funding. The venture studio aims to jumpstart companies that focus on human performance or wellness.

"We like to use human performance because it expands the definition," Watt told dot.LA. "It's not just things like yoga. It's sports tech, behavior science and human optimization."

Watt said he is the only Black person he knows of running a venture studio and by virtue of his diverse network he can tap into talent others may have overlooked.

"You can't make money doing the same thing everyone else does," he said. "You can't fish in the same talent pond that everyone else does."

Troy Carter

Veteran music executive Troy Carter is constantly reinventing the business of music management. The angel investor's latest project is Q&A, where he is co-founder and CEO. Founded in early 2019, the company not only does music distribution and analytics, but it has been testing a new product that uses music enthusiasts and AI to test whether songs can become hits.

"My job, with software, is: Can I help them choose which song they should release first? And what that reaction would be around that song. Can I help them deliver that content from A to Z seamlessly? Can I help them with their project management software? So, it's not to replace the creative process, it's to organize it," Carter told dot.LA.

The Philadelphian-turned-Angeleno was the founder and CEO of Atom Factory, where he rose to prominence managing the careers of global superstars including Lady Gaga and John Legend. Most recently, he led creator services at Spotify and, in 2017, was named entertainment advisor to the Prince Estate.

He also created AF Square Investments, which has backed Uber, Lyft, DropBox, Blavity, and Gimlet Media among others.

Allan Jones

Allan Jones

Allan Jones

Former ZipRecruiter Chief Marketing Officer Allan Jones' came from a family of small business owners. Bambee, the human resources company he founded, was his answer to the disparity he saw in accessibility to top-tier HR managers.

"This year in particular has verified the feeling we've had since starting Bambee," Jones said in a statement according to a Bambee Linkedin post. "Human resources can no longer just be for the Fortune 500."

Founded in 2016, Bambee connects small businesses with a dedicated HR manager for an affordable $99/month. The company has raised a total of $33 million in funding rounds primarily led by QED investors, and is now valued at $145 million according to Pitchbook.

Jones credits his family of small business owners for Bambee's mission. "My inspiration comes from an earnest insight into the friction and struggles of running a business day-to-day," he said in an interview with Medium earlier this year. "I had a seat at the table where those owners came home and talked about their actual business problems each night."

Hernan Lopez

Former Fox TV International CEO Hernan Lopez launched his own media startup, West Hollywood-based podcast studio Wondery, in 2016. The company quickly made a name for itself with a roster of hit shows like "Dirty John," "Dr. Death" and "Business Wars." And it raised $18 million before it was snapped up earlier this year by Amazon, reportedly for nearly $300 million.

"As a gay Latino immigrant, I have hit most of these 'celings' and have felt defeated and alone. But I was fortunate to find mentors who encouraged me to never give up and who provided guidance on how I could achieve my dreams. Now I want to give that opportunity to others," wrote Lopez in a Linkedin post.

Donny Salazar

Donny Salazar

Donny Salazar

There's probably no business more crucial in today's retail landscape than logistics.

Donny Salazar co-founded MasonHub as a way to help retailers streamline their logistics and fulfillment in 2018. His company, valued at $85 million, connects brands to its network of fully-owned and operated fulfillment centers so that they can scale more easily. To date, MasonHub has raised $21.5 million, most recently hauling in a $15 million round led by Autotech Ventures, according to Pitchbook. It counts Carbon38, 11 Honoré, MINDD, Vegamour and Bala Bangles among its clients.

Salazar, who was formerly an executive at Gilt Groupe, is focused on high-growth companies.

"Throughout my experience scaling businesses, I struggled to find a partner that could support a fast-growing brand and cared about the customer experience as much as I do," Salazar wrote earlier this year.

Lead illustration by Ian Hurley.

Correction: This story corrects the amount MasonHub raised and its valuation. A previous version relied on incorrect Pitchbook data, which has since been updated.

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Netflix Employees, Counterprotesters Clash in Tense Walk-Out Over Dave Chappelle Special

Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Samson is also a proud member of the Transgender Journalists Association. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

Dozens of Netflix employees and LGBTQ supporters walked out of the streaming giant's offices in Hollywood this morning in protest of comedian Dave Chappelle's incendiary new special "The Closer." They were met by a group of Chappelle supporters who carried signs like "jokes are funny" and things quickly turned tense.

At one point, a pro-Chappelle protester shoving his way towards a microphone the activists supporting the Netflix employees had set up was pushed back and there was a brief tussle before several pro-trans activists stood in the way. One of the activists threatened, "I will beat you down." The protester backed off but shortly afterwards got into another confrontation with a pro-trans rally attendee, almost knocking them over before exiting the area.

Netflix protesters Counter-protesters showed up at the walkout.Photo by Samson Amore

Chappelle's special debuted on Netflix Oct. 5, and the internal battle at Netflix has been raging since. Several Netflix employees declined to go on the record out of fear of retaliation.

B. Pagels-Minor, a former Netflix programmer and Black, trans and nonbinary person who is 33-weeks pregnant, was one of the original organizers of the walkout alongside transgender activist Ashlee Marie Preston.

Pagels-Minor said they were fired Oct. 14 after being accused of leaking private financial information to Bloomberg. Pagels-Minor denies involvement in the leak and told dot.LA they were fired roughly two and a half hours after the walkout was announced.

"How can you have transphobic content and not have counter-content that specifically shows trans lives," Pagels-Minor questioned. "Like most people, I didn't think it was very funny," Pagels-Minor added. "I'm a black trans person, and Dave Chappelle seems to think those people don't exist."

The walkout organizers' demands include creating a new fund for investing in transgender talent, revising internal policies to determine what content on the streamer is "harmful," and hire more transgender executives.

"Transparent" showrunner Joey Soloway addresses the rally.Photo by Samson Amore

Netflix has social media accounts to promote its LGBTQ+ storytelling that posts under the handle Most. Ahead of the protest, it tweeted: "brb walking out."

"Trans people are in a Holocaust. But trans people are also out here dreaming of safety, dreaming of time, which is a privilege… time to imagine, create, to write their stories," said Joey Soloway, a showrunner for Amazon's Emmy Award-winning series "Transparent" who attended the rally. "The line is simple: Stop making things worse."

In his new show, Chappelle called himself "Team TERF" (Trans-exclusionary radical feminism), a term that's used for people who, among other things, don't believe transgender women are women. "TERF" is a term that's also been used to describe "Harry Potter" author J.K. Rowling, whose own anti-transgender missives have caused a stir in recent years. Chappelle was keen to align himself with Rowling in "The Closer" and spent a sizeable portion of his special arguing against transgender people's right to exist, claiming sex and gender are "a fact."

The backlash on social media to Chappelle's comments was swift. Netflix's "Dear White People" showrunner (and transgender woman) Jaclyn Moore tweeted the day after "The Closer" aired that she was leaving the company. "I will not work with them as long as they continue to put out and profit from blatantly and dangerously transphobic content," Moore said. Several other Netflix employees have vocally opposed the special on social media.

LGBTQ advocacy group GLAAD criticized the special after it aired and said, "Dave Chappelle's brand has become synonymous with ridiculing trans people and other marginalized communities."

Netflix has addressed the issue – CEO Ted Sarandos made it clear Netflix wouldn't drop "The Closer" from its platform since Chappelle is one of their top performers – and Variety reported last week Sarandos also said the streamer has "a strong belief that content on screen doesn't directly translate to real-world harm."

Chappelle's jokes have targeted transgender people before. Daphne Dornan, a transgender actress living in San Francisco, was the butt of Chappelle's jokes in his past special "Sticks and Stones" and again in "The Closer." Dornan, who was a comedian, died by suicide in October 2019 and left behind a young daughter.

Burbank City Councilmember Konstantin Anthony warned that Netflix's decisions could harm its larger ambitions and echoed support for a boycott.

Netflix recently inked a lease for a 170,000 square foot animation studio in Burbank. Anthony said he'd advocate for the company's transgender employees in the area.

"We don't need millions and millions of dollars backing those words," Anthony said at the rally.

Follow dot.LA reporter Samson Amore's coverage on Twitter @Samsonamore.

This story has been updated to clarify how the tussle unfolded.

The Pandemic Was Good to Wine-Seller Winc, But There Are Big Challenges Ahead

Harrison Weber

Do you know something we should know about L.A. tech or venture capital? Reach out securely via Signal: +1 917 434 4978.

Harrison is dot.LA's senior finance reporter. They previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find them on Twitter: @harrisonweber. Send tips on L.A. deals to harrison@dot.la. Pronouns: they/them.

Buoyed by a surge in sales during the pandemic, Playa Vista-based wineseller Winc aims to raise as much as $92 million in a public debut that's anticipated this week.

The 10-year-old company expects to price its IPO between $14 and $16 per share and has applied to list on the New York Stock Exchange under the symbol "WBEV."

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LA Venture: Serial Entrepreneur Jessica Jackley on Pursuing a Goal: 'Just Take More Steps Anyway'

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.

On this episode of the LA Venture podcast, Untapped Capital, Alltruits and Kiva founder Jessica Jackley talks about her experience supporting entrepreneurs across the world, and offers advice to founders on what to do when encountering doubt -- from themselves or others.

"The pursuit of an opportunity, a vision, like an imaginary world that you want to make real. You're running after this thing, you're pursuing it without regard to what you have in front of you," she said. "So there's always going to be something wrong."

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