Despite their many differences and approaches, one perspective many athletes share is that to change the game; you have to be in it. As we’ve seen repeatedly, a positive shift in any game does not always come from one person. It takes a combination of skill and investment to move from just getting by to finding success.
And while Google doesn’t navigate on courts or fields, the organization is intentionally positioning itself as a game-changing catalyst for Black entrepreneurs.
In 2020, the tech giant made a series of commitments to help ease access to funding for Black founders and funders. The Google for Startups Black Founders Fund has since expanded globally, and AfroTech had the opportunity to have an in-depth conversation with Jewel Burks Solomon, Head of Google for Startups U.S., and Jeremiah Gordon, General Counsel and Chief Compliance Officer for CapitalG, about the future of the Black Founders Fund and its intended impact.
How It All Began
There is little argument that 2020 was a transformational year on many fronts. One of the facts that rose to the top during this time was the oppressive nature and challenges faced by Black people. While much of this information wasn’t new, several organizations used this time to create programming and strategy to address these societal ills.
In 2020, it was revealed that Black founders raised less than one percent of all venture capital funds in the United States. This funding gap severely hindered Black entrepreneurs’ opportunity to thrive in similar ways as their racial counterparts.
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SOURCE: Afrotech, Josh Rodgers