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3 Black Startup Founders Share Why They Shut Down Their Companies

Venture Capital Funding Remains Elusive Despite New Influx of Finding


Venture Capital Funding Remains Elusive Despite New Influx of Finding
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Donnel Baird (C) sits with other Echoing Green Black Male Achievement Fellows in New York, U.S., during a presentation in this 2012 handout picture. Echoing Green/Handout via REUTERS
(Reuters) – When Donnel Baird first pitched his idea in 2014 to create a technology platform that could help small apartment buildings and other urban structures become energy efficient, he got the U.S. government to promise him $2.1 million, provided he could raise a similar amount from elsewhere, but not one of some 200 venture capital firms he approached agreed to invest back then. ....

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Analysis: For Black founders, venture funding remains elusive despite new funds


Analysis: For Black founders, venture funding remains elusive despite new funds
Reuters
2/22/2021
By April Joyner and Arriana McLymore
© Reuters/ECHOING GREEN
Donnel Baird sits with other Echoing Green Black Male Achievement Fellows in New York during a presentation
By April Joyner and Arriana McLymore
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NEW YORK (Reuters) - When Donnel Baird first pitched his idea in 2014 to create a technology platform that could help small apartment buildings and other urban structures become energy efficient, he got the U.S. government to promise him $2.1 million, provided he could raise a similar amount from elsewhere.
But not one of some 200 venture capital firms he approached agreed to invest back then. ....

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