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Bridging the Racial Gap in VC Funding


Bridging the Racial Gap in VC Funding
Bridging the Racial Gap in VC Funding
Booth’s Daniel Rogers, ’13, and Seyi Fabode, ’10, have won funding from a new Google program dedicated to bolstering promising Black-founded startups.
By Melissa Brooks
February 02, 2021
Across the United States, Black founders receive a fraction of the venture capital that white entrepreneurs do. In Chicago alone, just nine Black-founded startups have managed to raise $1 million or more, compared with hundreds of non-Black-founded startups, according to
Chicago Inno. These racial disparities in funding are the motivation behind the Google for Startups Black Founders Fund, which provides cash awards and technical assistance to help Black startups flourish. Google recently named two Booth alumni entrepreneurs among its award recipients: ....

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High inflation and Covid-19 are forcing the poor in India to dip deeper into their savings


High inflation and Covid-19 are forcing the poor in India to dip deeper into their savings
Economists warn that rising prices may hamper future economic recovery because households would have no money to spend.
Punit Paranjpe/AFP
Gaurav Kumar Sharma is a heartbroken man. After the lockdown upended his livelihood for more than two months, he was relieved when things slowly returned to normal: shops and markets reopened, and people began stepping out of their homes. But as food inflation spiked due to supply chain disruptions caused by the lockdown, Sharma, 43, who drives an autorickshaw in New Delhi, said that all his hope has turned into gloom. ....

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