President Barack Obama recently challenged us to think about why we call Johnny back for a job interview, but not Jamal. Johnny and Jamal are competing for more than jobs, however; they're also competing for investors. You can probably guess who's winning.
It's more difficult for minority-owned (not to mention woman-owned) firms to raise venture capital than non-minority-owned firms. Only 1 percent of venture-backed firms are founded by African-Americans, and only 13 percent of all venture-backed firms are founded by any ethnic minority, according to CB Insights. Minority-owned firms are...
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