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81% of VC firms don’t have a single black investor — BLCK VC plans on changing that

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...

So I sent my mom that newfangled Facebook Portal

“Who am I going to be worried about? Oh Facebook seeing? No, I’m not worried about Facebook seeing. They’re going to look at my great art collection and say they want to come steal it? No, I never really thought about it.” That’s my 72-year-old mother Sally Constine’s response to whether she’s worried about her privacy now that she has a Facebook Portal video chat device. The gadget goes on sale and starts shipping today at $349 for the 15.6-inch swiveling screen Portal+, $199 for the 10-inch Portal, and $100 off for buying any two.


The sticking point for most technology reporters — that it’s creepy or scary to have a Facebook camera and microphone in your house — didn’t even register as a concern with a normal tech novice like my Mom. “I don’t really think of it any different from a phone call” she says. “It’s not a big deal for me.”


While Facebook has been mired by privacy scandals after a year of Cambridge Analytica and its biggest-ever data breach, the concept that it can’t be trusted hasn’t necessarily trickled down to everyone. And without that coloring her perception, my mom found the Portal to be an easy way to video chat with family, and a powerful reminder to do so.


For a full review of Facebook Portal, check out TechCrunch hardware editor Brian Heater’s report:

When we look at our multi-functional smartphones and computers, connecting with loved ones isn’t always the first thing that comes to mind that way it with an old-school home telephone. But with the Portal in picture frame mode rotating through our Facebook photos of those loved ones, and with it at the beck and call of our voice commands, it felt natural to turn those in-between times we might have scrolled through Instagram instead chatting face to face.


My mother found setting up the Portal to be quite simple, though she wished the little instructional card used a bigger font. She had no issue logging in to her Facebook, Amazon Alexa, and Spotify accounts. “It’s all those things in one. If you had this, you could put Alexa in a different room” the Constine matriarch says.


She found the screen to be remarkably sharp, though some of the on-screen buttons could be better labeled, at least at first. But once she explored the device’s software, she was uncontrollably giggling while trying on augmented reality masks as we talked. She even used the AR Storytime feature to read me a bed time tale like she would 30 years ago. If I was still a child, I think I would have loved this way to play with a parent who was away from home. The intuitive feature instantly had her reading a modernized Three Little Pigs story while illustrations filled our screens. And when she found herself draped in an AR big bad wolf costume during his quotes, she knew to adopt his gruff voice.



One of the few problems she found was that when Facebook’s commercials for Portal came on the TV, they’d end up accidentally activating her Portal. Facebook might need to train the device to ignore its own ads, perhaps by muting them in a certain part of the audio spectrum as one Reddit user suggested Amazon may have done to prevent causing trouble with its Super Bowl commercial.


Convincing younger and middle-aged adults to buy a Portal might be a steep challenge for Facebook. But if it concentrates on seniors and families with young children who might not have the same fears of Facebook or practice using smart phones for video chat, it may have found a way to actually bring us closer together in the way its social network is supposed to.

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