The100kPledge

The100kPledge is a public social contract for professionals - committing to economic empowerment of Black communities through hiring, investment, and donations.

[The100kPledge @the100kpledge]

".. The 100k Pledge, a platform to both inspire more people to commit to helping the Black communities’ economic empowerment, and a way to track such commitments from both individuals and corporations."

👀 Read about us in @FastCompany here!

https://t.co/igK39ypKut

[The100kPledge @the100kpledge]

While 2021 was the year of the 'Unicorn,' 2023 is the year of the 'Dragon.' With big tech layoffs and faltering startups, a new era of innovators and founders will emerge in the coming decade, says @MaelleGavet, CEO of @techstars, for @Fortune: https://t.co/Dv39p45yqC

[The100kPledge @the100kpledge]

DYK that if less than 15% of an organization's employees are women, women applicants are 30% less likely to apply? In the world of male-dominated #startups, gender-balanced #hiring is critical to breaking the cycle of inequity, says @kimelsesser @Forbes: https://t.co/tPHxgUEuLF

[The100kPledge @the100kpledge]

#DEI is a long-term strategy. Often, leaders underestimate the resources and time needed to engage stakeholders, which leads to DEI fatigue and a lack of tangible impact, says @michellepking in @Forbes. Read more here: https://t.co/eSo3t5XmU4

[The100kPledge @the100kpledge]

@MorganStanley is expanding its in-house accelerator to back diverse and women-led #startups in 2023. To date, their Multicultural Innovation Lab has supported 69 companies that have raised $160M in #funding. Learn more: https://t.co/lDxmvTWSaJ

[The100kPledge @the100kpledge]

Looking for advice on how to navigate our uncertain economy? @Nasdaq recently shared insights from 48 women executives on how to achieve success in 2023: https://t.co/pnXOrf3VxN

[The100kPledge @the100kpledge]

@Tulane's Innovation Institute recently launched a $10M startup fund for women + minority entrepreneurs. The fund, which is the university's first, will provide up to $200,000 to each selected startup over the next 5 years. More via @mariecfazio @NOLAnews: https://t.co/egGCP2lugl

[The100kPledge @the100kpledge]

On behalf of everyone at 100kPledge, Happy Holidays!

Here's to 2023! Cheers! 🍾🥂

[The100kPledge @the100kpledge]

"The case is strong for women's #intrapreneurship," says @ryadavranjan, Global Head of Ericsson https://t.co/6r3Q5KQ9rA. When businesses support the success of women in their workforce, they foster the creation of unique + innovative ideas. More in @Forbes https://t.co/Jvand8uaNF

[The100kPledge @the100kpledge]

All-women founding teams accounted for 60% of 2022's funding rounds but just 1% of total capital raised. As the startup economy slows, investors are returning to old networks at the expense of women + minority entrepreneurs, says @MimiBilling for @siftedeu https://t.co/nb355xzYJi

[The100kPledge @the100kpledge]

The new generation of #VC leadership is seeing more women join its ranks. With improved transparency in compensation, career paths, & succession planning, female representation in executive leadership is on the horizon, says @dominicmadori for @TechCrunch: https://t.co/N6n3RoLT5M

[The100kPledge @the100kpledge]

LFG

[Henri Pierre-Jacques @hpierrejacques]

Progress is being made for Black managers scaling, but I want to see many more of us on this list!

Shout out to my brothers building @wallstreetpaper @jarridvtingle @km @MarlonCNichols @AHolidayiii @thedatavc @pauljudge @chudson @MrStartup

✍️ @UrbanGkz

https://t.co/wl0E1eQMKn

[The100kPledge @the100kpledge]

From PR firms to consultancies, many #VC-peripheral businesses are lining up to launch their own funds despite looming market uncertainty. Why? Because the #startup economy is booming. @rebecca_szkutak for @TechCrunch: https://t.co/CYOwYxRtRv

[The100kPledge @the100kpledge]

The #BankBlack movement is growing. Yesterday, @bankgreenwood, the platform for Black and Latino banking services, announced it had raised $45M in funding. Learn more about their work closing the racial wealth gap in @Forbes: https://t.co/CR3eAxqpSd

[The100kPledge @the100kpledge]

#venturecapital sets high barriers to entry for newcomers w/o mentors to coach them in the fundamentals of networking, investing + fundraising. By widening accessibility, we can erode VC's concrete ceiling. More from @crunchbasenews: https://t.co/D3wVQ67TmO

[The100kPledge @the100kpledge]

In Q2 this year, Black founders secured only $324M—a 63% drop YOY. Unhappy with this dip, @thejctf is launching a new accelerator, BK-XL, to improve investment diversity + fund 12 BIPOC-founded startups w/ $125K checks. More from @editoremacb in @forbes: https://t.co/vyV0EtZbRi

[The100kPledge @the100kpledge]

In 2020, corporate VCs across the U.S. pledged to invest more diversely and equitably. In 2022, @diversityvc says only 1.87% of $31B went to minority founders. @deantak breaks down Diversity VC's latest survey for @VentureBeat here: https://t.co/xWID3d0POg

[The100kPledge @the100kpledge]

Like most industries, women in tech often face biases that hinder their path forward. @LeakeKathy shares five tips for women founders navigating the world of venture capital and startups for @FastCompany: https://t.co/yhAu5A5EvS

[The100kPledge @the100kpledge]

Despite accounting for nearly one-fifth of the US population, Latinos make up only 2% of the VC ecosystem. But as VC demographics grow more diverse, Latino investors are able to uplift their communities and local businesses. More from @CSReinicke @CNBC: https://t.co/1m3nVrZUuB

[The100kPledge @the100kpledge]

@BLCKVC works to ensure that #VC better reflects the demographics of the US by investing in small, emerging, and diverse venture funds. By working with institutional investors, BLCK VC aims to bridge the funding gap. More from @Ventureneer @Forbes: https://t.co/NgmHyEg4fo

[The100kPledge @the100kpledge]

"Efforts to diversify the famously male-dominated [VC] industry continue to struggle" due to "systemic discrimination," says @Foxe_News, a Partner @Anthemis. Her solution? Invest in great ideas + hire more women investors. More from @BW here: https://t.co/wk9LaNAbUb