May 17, 2021

Black founders need more Black investors

Jarrid Tingle tells us about his VC firm's efforts to help close the funding gap to female and minority founders.

In 2020, only about 3% of VC funding across the US went to Black founders. Our guest today, Jarrid Tingle, is determined to change that stat. Jarrid is the Founder and Managing Partner of Harlem Capital Partners, a VC firm dedicated to closing the funding gap for female and minority founders. The firm’s goal is to invest in 1,000 diverse founders over the next 20 years, and they’re well on their way.

Jarrid believes the funding disparity for Black founders stems from the lack of diversity of VC investors and partners. Today, we dive into how his VC firm is tackling the issue from the inside out, the role that brand storytelling plays in furthering its mission, and what young people in business today can do to help close the gap.