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What minority founders must consider before entering the venture-backed startup ecosystem



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Sesie Bonsi
Contributor

Sesie Bonsi is the founder and CEO of Bleu, a financial technology platform focused on enabling touchless payment experiences.

Funding for Black entrepreneurs in the U.S. hit nearly $1.8 billion in the first half of 2021 — a fourfold increase from the previous year. But most venture-backed startups are “still overwhelmingly white, male, Ivy-League-educated and based in Silicon Valley,” according to a study conducted by RateMyInvestor and Diversity VC.
With venture investors committing to funding Black and minority founders, alongside the growing availability of government-backed proposals, such as New Jersey allocating $10 million to a seed fund for Black and …

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