continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause.

But some Black entrepreneurs and investors are questioning the motivations of these firms, given the weight of evidence that shows inaction in the face of historic inequality in the technology and venture capital industry.

“The way to find, hire and fund black people in the tech world is the same as finding, hiring and funding any other group.

Initialized Capital disclosed on Monday that 7% of companies in its most recent fund are led by Black founders.

Partners at venture firms are committing to doing more themselves to support the community of Black entrepreneurs. .

“This means there is incredible demand, a large gap that needs to be filled, between Black founders and the tech community at large,” Mehta said. .

As the investment community rushes to voice its support for the Black community, Black investors and startup founders question their motives.

That it has taken a week of protesting and the deaths of countless Black men and women at the hands of police to wake up investors to the problems that the industry — and the country at large — faces is a sign of the depth of the problem.

There are very visible funds like Ulu, Precursor, my own fund Cleo Capital who are led by black tech leaders

“We are all vocal about where we spend our time finding and supporting black tech people

We speak at events like Culture Shifting Weekend and Black Women Talk Tech, we support orgs like Code2040, HBCUVC and Blck VC…

The efforts announced by large venture capital firms in the last few days should broaden the access that underrepresented founders have to venture capital money and decision-makers and could lead to some checks

Nor will a dedicated month of talking to Black founders solve the pattern-matching that systemically sits within venture capital