Venture capital has a diversity problem . BLCK VC , a new organization founded by Storm Ventures associate Frederik Groce and NEA associate Sydney Sykes to connect, engage and advance black venture capitalists, is ready for a new era in the industry. Their mission: Turn 200 black investors into 400 black investors by 2024. “We think of ourselves as an organization formed by black VCs for blacks VCs to increase the representation of black investors,” Sykes told TechCrunch. “You can look around and say well ‘I know five black VCs,’ but you can also say this firm does not have a single black VC, they may not even have a single underrepresented minority … We want to make firms reckon with the fact that there is a racial diversity problem; there is a lack of black VCs and every firm should really care about it.” BLCK VC has been at work since the beginning of 2018, building and expanding a network of black investors in the San Francisco area, Los Angeles and New York. They seek to provide a...
Forbes Magazine recently released the list for the richest men in the world. The magazine has over the years announced itself as the top raters of the richest people in different sectors be it entertainment, business, and even politics. See the list below for the Top 10 richest men in the world for the year 2018. Jeff Bezos The founder of Amazon clinches the number one spot as the richest man in the world with a net worth of $112 Billion. The billionaire founded Amazon in his garage in Seattle in 1994. He owns 16% of shares in Amazon which boast of more than 100 million sales monthly. He also owns the Washington Post which he purchased in 2013 for a whopping $250 million. Bills Gates Microsoft co-founder Bill Gates sits pretty as the second richest man in the world with a net worth of $90 billion. He is also the chairman of Bill & Melinda Gates Foundation which is the biggest privately owned charitable organization in the world. He owns just about 1% shares in Mi...