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/PRNewswire/ -- Base10 Partners, the world's largest Black-led venture capital fund, announces today that it has closed a new $460M fund for early stage...
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Building on their VC Diversity Pledge, Base10 Partners announces today that it has raised a new $250M fund with the mission of aligning the success of technology companies with wealth creation for underrepresented minorities. The Fund, known as the Advancement Initiative, is investing in leading pre-IPO startups and donating 50% of the fund's carried interest, directly to Historically Black Colleges & Universities (HBCUs) to create student scholarships and support university endowments.
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. TJ Nahigian is a cofounder and managing partner at Base10, a venture-capital fund in San Francisco. Networking used to be the primary skill required to succeed in business, but it doesn't work today. While venture capital isn't going anywhere, investors must focus on a data-driven investing process. To say that the COVID-19 pandemic was business as usual for someone who runs a venture-capital fund is inappropriate: It was the busiest period since my cofounde...