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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...
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YouTube arrives on the Nintendo Switch

Nintendo has sold over 22 million Switch consoles since launch, with plans to sell another 20 million this financial year.


That said, Nintendo hasn’t seemed too focused on building out its portfolio of non-gaming apps.


Thus far, only Hulu has managed to get aboard the Switch train. But today, YouTube joins the mix. Switch owners can download the YouTube app here. Also of note: the YouTube app on Nintendo Switch supports 360-degree video.



Given Nintendo’s portfolio of Switch-compatible games, including Zelda, Super Mario Odyssey, Pokemon, and Fortnite, YouTube’s integration with the console makes sense. Both the Switch and YouTube skew towards younger demographics.


Part of the reason that it’s taken so long for streaming apps to make their way to the Switch is because of Nintendo’s focus on growing its gaming library for the console.


“We’ve said that other services will come in due time,” said Reggie Fils-Aimé, Nintendo’s chief operations officer, in an interview from last month. “For us, we want to make sure that continue driving the install base for Nintendo Switch, continue to have great games for the platform.”

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