I held off in writing this, & wrestled with the idea of publishing But when talking to my Black peers within the industry, it became increasingly clear There is a myth about the value of Black people in this community and we need more language around ithttps://hipcityreg.substack.com/p/the-myth-of-blackness-in-venture …
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Also, another hurdle is that GPs have to put down a non-trivial amount of their own wealth into their funds in order to raise from LPs, which given the racial wealth gap, is probably more challenging for non-white fund managers.
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100% on both the endowment piece and the problem with "just hire a Black partner" call outs At Penn there were a lot of protests around the endowment divesting from fossil fuels -- had I known at the time about the contributions to LP's, there could have been more convo!
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