Abdul Golden argues that venture capital is controlled by white male decision-makers who fund businesses that look like them, leaving Black entrepreneurs with far fewer chances of getting investment. The homogeneity of investors shapes which products get built and who gets to build them.
And those decision makers are producing products that you use every single day. That affects your life every single day, that affects how you work every single day. So they're influencing all that stuff, and it's affecting you every single day. So that lack of representation, which impacts. It also impact what companies get invested in. Who you think all these white male venture capital partners are investing in. They're invested in white male businesses. White male businesses, overwhelmingly. Not even white female businesses. White male businesses. So that means if you not a white male, your chances of getting funding for your business from a venture capital fund is like this big. And so that's underrepresentation of founders. That's why it's so hard for black tech startups to get investment. That's venture capital.
