cover of episode Meet a rare black VC

Meet a rare black VC

2020/9/25
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The Sure Shot Entrepreneur

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Shownotes Transcript

Fred Groce, Principal at Storm Ventures and founder of Blck VC, shares authentic stories of startup investments that succeeded and failed. He describes how to identify the X-factor in a founding team. He also talks about his initiatives to double the number of black VCs.

  • Diversity is a competitive edge in the market for organizations
  • Tech is not an inclusive industry. <1% startups funded by VCs are led by black entrepreneurs
  • VCs are at the day-zero of company formation
  • Distilling ideas into its purest form is a skill not a lot of people have
  • Non-profit: Black VC)