Halogen Ventures Launches Diversity Fellowship
Ben Bergman is the newsroom's senior reporter, covering venture capital. 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. Follow him on Twitter.
Halogen Ventures, the Los Angeles early-stage firm that focuses on female-led consumer tech startups, announced it is launching a fellowship to focus on gender dynamics and address the lack of equity and diversity in the overwhelmingly white, male world of venture capital.
Ten fellows have been selected from across the country for the virtual fellowships, from schools that include UCLA, Harvard and Notre Dame. The program includes introductory coursework on all aspects of venture capital, including guest lectures from top employees at Silicon Valley Bank and Amazon Web Services.
"We have already proven that investing in women is not an impact play, it's smart business," said Jesse Draper, founding partner of Halogen VC. "As we look at the Venture Capital landscape in 2020 and beyond, we are excited about the opportunity to prove out that diversity breeds success; that is diversity of age, gender, ethnicity, sexual orientation, race, and life experiences. With over 40% of our female founded portfolio companies led by BIPOC founders, we know this to be true. We look forward to teaching the next generations to look at investing through a diverse lens."
Deloitte estimates just 14% of investment partners at U.S. VC firms are women and only 3% are Black.
Subscribe to our newsletter to catch every headline.
The legendary broadcaster Larry King died Saturday in Los Angeles at 87 after being hospitalized for COVID-19. He may best be remembered as the longtime host of CNN who interviewed the most notable personalities of the 20th century, including Vladimir Putin and Frank Sinatra, but he also worked tirelessly to build a bridge for the next generation.
The largest property technology or "proptech" venture firm Fifth Wall is joining the SPAC boom.
In a filing with the Securities and Exchange Comission this week, the firm said its creating a special acquisition company (SPAC) and intends to raise up to $287 million by selling 28.75 million shares at $10 a piece to seek out opportunities in real estate tech.
- Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall - dot ... ›
- Fifth Wall Venture Firm Is Now a B Corporation - dot.LA ›
Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.
The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.