HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity – TipsClear

In response to the sudden rush of VCs to invest in more black founders, black venture capitalists and entrepreneurs have given a bunch of advice on the best way to tap into talent. Between strategies? Teams are already working with black firms. Some firms have stated that they are about to turn to HBCUvc, a nonprofit organization that historically helps students from black colleges and universities enter enterprise and technology.

In response to the support of donations and support for HBCUvc, its founder Hadia Mujahid Introduced a donor circle, so that investors can help in light of the overdue awakening.

“We created the HBCUvc Donor Circle as an opportunity for supporters and individuals to engage in our work and engage in a long-term strategy toward racial equity in venture capital and technology,” she wrote in the post.

A donor congregation member is required to make a gift of $ 1,000 or more to join the cohort, with an annual financial commitment. Donors will be able to connect with students in the HBCUvc community, work with other community members who are committed to practicing the enterprise through anti-apartheid events, and receive invitations to community events and summits.

“Joining donor circles is the best way to join HBCUvc. Mujahid wrote, We cannot make significant progress in advancing racial equity without a long-term financial commitment.

HBCUvc, which we first wrote in 2017, currently hosts a number of programs to help Black and Hispanic students enter the world of technology, from fellowships to micro-grants. It conducted a city-based internship program with Los Angeles, connecting students to join capital firms in the area. The program is expanding to Chicago in 2021, the blog post notes.

The first batch of HBCUvc were 11 students from three universities. The Black and women-led team has since grown to support 123 students.

Just two weeks ago, HBCUVc was struggling to keep employees on deck due to the financial impact of COVID-19. The Mujahid was to inform that “the community they have built can formally clash without an emergency fund.”

The organization and its work with historically Black colleges and universities (HBCUs) has increased in recent weeks following the assassination of George Floyd and ongoing international protests against ongoing police brutality in the United States. Some say that the HBCU is a place for startups and they seek diverse talents, and others think that institutions can serve as LPs in the fund and demand more racial equity.

Mujahid wrote, “A piece of me wants to know why our voices were unheard and why such a horrific event was needed to bring awareness and action.”

The eccentric sentence underscores an important message heard from the Black Tech community over the past two weeks: It should not have been murdered to start thinking about racial inequality. It doubts the intentions of new companies and companies to increase diversity, beyond opportunistic lip service.

Read the entire HBCUvc blog post here.

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