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BLCK VC Launches Scout Program With Lightspeed, Sequoia To Support More Black Investors

BLCK VC Launches Scout Program With Lightspeed, Sequoia To Support More Black Investors
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BLCK VC members including co-founders Frederik Groce and the scout program s mastermind, Sydney Sykes, at center.
BLCK VC
For all the high-speed growth and innovation that venture capital is supposed to fuel, the industry itself isn’t structured for quick change. BLCK VC co-founder Sydney Sykes knows it first-hand. Since last summer, firms have reached out to Sykes for advice on changes they can make fast.
Increasingly, her answer has been a program growing in popularity in VC: the scout. “Firms will hire a partner once or twice a year max, or an investment professional. But scout programs can be as large as you want,” Sykes says. “This seems like a really obvious solution to get more dollars in the hands of Black investors.” ....

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She was tired of seeing Black stereotypes on TV. So she started her own streaming service

She was tired of seeing Black stereotypes on TV. So she started her own streaming service
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.

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citybizlist : Washington DC : TEDCO's Seed Fund Invests $200K in Maryland Technology Startup, Completing $850K Investment Round

TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested
$200K in
TargetDocs, a Maryland-based technology startup. TEDCO’s Seed investment is part of an $850K funding round, which includes University System of Maryland Momentum Fund (Momentum Fund), the Hustle Fund, New Age Capital, Debut Capital, Dingman Center Angels, and Gaingels.
TargetDocs, based in Montgomery County and led by CEO
Joseph Leiva, is a construction communication platform that streamlines project file correspondence between general contractors and all of their subcontractors in one place.
After graduating from the A. James Clark School of Engineering at the University of Maryland, Leiva joined his family’s construction business where he saw firsthand the need for a communication management tool tailored to the construction industry. TargetDocs was developed to help connect subcontractors and general contractors through one catch-all workspac ....

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VC Mercedes Bent explains how she landed a job at Lightspeed

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Mercedes Bent first connected with a Lightspeed partner over LinkedIn, more than a year before she interviewed for a role at the firm.
In the following months, she impressed Lightspeed s investors over coffee chats with her specific investment theses in the edtech and multicultural consumer products markets.
During her formal interview, she impressed partners by showing them how she narrowed down a list of 60 startups into three companies she wanted to invest in.
Bent, a Black woman from North Carolina, hopes to use her position to bring more minority investors into the venture world. ....

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