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Ten Leading VCs Team Up On A $50 Million Fund To Back Underrepresented Investors Share to Facebook Share to Linkedin Screendoor's 10 founders teamed up across VC firms to launch a fund-of-funds to back emerging fund managers from underrepresented backgrounds. Screendoor Would-be venture capitalists looking to raise a fund for the first time often face a chicken-and-egg problem: to raise money, they’re expected to demonstrate a track record of promising startup investments; to build such a portfolio, they need to raise money. It’s a challenge felt even more by emerging fund managers from ...

Klaus Vedfelt/Getty Images Black founders often face disparity and discrimination as leaders in the venture capital industry. As some Black founders find success adjacent to wealthy white men, they may become less inclined to help Black businesses. This article originally appeared on The Plug, a news and information platform examining the Black innovation economy. One of the earliest documented Black-owned and operated venture capital firms, Syncom Venture Partners, set up shop in 1977. Headquartered in Silver Spring, Maryland, the firm is responsible for some of...

Pace launches out of private beta with a plan to scale virtual group therapy One in five people have a mental health illness. Pace, a new startup founded by Pinterest and Affirm executives, wants to pay attention to the other four in that statistic. “Nobody is perfectly mentally healthy all the time,” said Jack Chou, Pace co-founder. “It’s a non-existent idea, everyone is sort of swimming in between being clinically mentally unhealthy and perfectly mentally happy.” While diagnosable mental health conditions might get an individual medication or therapy, those that live in a grey spa...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Some went even further and demanded that their fellow investors stop doing business deals with Jared Kushner, President Trump's son-in-law and White House senior advisor. "Why would you put Jared Kushner on your cap table given the terror that this administration has brought to America over the last four years, resulting in today's chaos," one investor said. Kushner, who is known for his real-estate investments, has been walking a delicate line between Washi...