diversity in vc

diversity in vc

Photo by Samson Amore

If you know where to look, Los Angeles and its surrounding cities are full of little gems explaining the area’s history. While stopped in traffic in Santa Monica today, one plaque caught my eye – it proclaimed that African-Americans are one of the oldest cultural groups to call the beach cities home, dating back to the late 1800s, and are responsible for building much of the infrastructure we use today.

Looking at the makeup of the business communities in Santa Monica and neighboring Venice, that historical context is far from evident.

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Courtesy of Will Bumpus

On this episode of the LA Venture podcast, Concrete Rose Capital Partner Will Bumpus discusses how the firm hopes to support a virtuous cycle of wealth and opportunity for underrepresented communities of color.

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Photo Courtesy of Megan Holston-Alexander

On this episode of the L.A. Venture podcast, A16z Partner Megan Holston-Alexander, who heads the company’s Cultural Leadership Fund (CLF), discusses how she uses her network to bring Black leaders to the tech space, as part of an effort to help build generational wealth in those communities.

One of the most influential venture firms around, A16z, also known as Andreessen Horowitz, has $33.3 billion in assets under management. Its Cultural Leadership Fund has two main missions: “connecting the world’s greatest cultural leaders” with the best technology companies and getting young African Americans interested in tech.

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