According to a report by the Center for Womens Business Research, black women are part of the fastest growing entrepreneurial segment in the country, growing at a rate of 191.4% from 1997 to 2007. Yet few are founders of scalable tech-enabled enterprises. The reasons there are few black women tech founders, despite a strong tendency toward entrepreneurship, are numerous: lack of funding, lack of pipeline, geographical location. For every Heather Hiles, the charismatic founder of Pathbrite (which is on its Series C round), or Kelle James, the bright founder of the online agricultural exchange Mercaris (which just closed a Series A round of $2.5 million), there are thousands more at the beginning of the pipeline.
Posted on: Thu, 02 Oct 2014 17:09:50 +0000
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