Techstars New York City Powered by J.P. Morgan

Please join Techstars New York City Powered by J.P. Morgan as they speak with one of the best examples to contradict the false argument that the consistent underfunding of black and Latino founders is because talented black founders don’t exist. Songe Laron, the co-founder and CEO of Squire Technologies, has raised more than $167 million in VC funding, again, almost as much as was raised in all of Q3 2022. He’ll tell how he did it so that the rest of us can follow in his footsteps.

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Techstars powered by JP Morgan

Techstars New York City Powered by J.P. Morgan

If you are a black or Latino founder, please apply to this Techstars program, and please note this offer also extends to any founder in any geography.

Open to founders of all backgrounds, Techstars New York City powered by J.P. Morgan is designed to provide equitable access to funding and support for Black, Hispanic and Latino, Indigenous American and Pacific Islander entrepreneurs building startups that aspire to make us healthier, happier, smarter and wealthier. In this sense, we are particularly excited to work with founders in the healthcare, health and beauty, edtech and financial inclusion spaces. Through game-changing investment and community partnerships, together we will take steps towards dismantling institutional, structural, and systematic barriers that often limit opportunities.

Black founders received an insulting 0.12% of VC funding in Q3 2022 — that is, in the words of TechCrunch, “a paltry $187 million out of the near $43 billion in venture capital allocated in Q3 this year.” During that period, WeWork’s co-founder, Adam Neumann, raised almost double that amount by himself.

Seems that most investors have moved on from their outrage after George Floyd’s death. Black founders only got 0.43% of VC funding in Q3 2022, according to TechCrunch That’s $187 million out of $43 billion allocated. That’s almost half of the $350 million that Adam Neumann, WeWork’s controversial founder, raised by himself during the same period. That’s 0.43% in VC funding versus the fact that black people make up about 14% of the US population.

Techstars NYC powered by J.P. Morgan exists to be part of the solution to this depressingly persistent problem. This $80 million fund raised by Techstars via J.P. Morgan to invest in diverse and traditionally overlooked entrepreneurs across nine U.S. cities. Our call is open until 4 January, you can apply here.