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...
Big day for developer events. As Samsung was on stage getting ready to talk about its upcoming foldable phone, Google spilled the beans a bit at its own Android Developer Summit. The company briefly detailed plans bake support for folding phones into the mobile operating system. Support for the nascent technology is going to be tough, given what’s expected to be a variety of different form factors, so Google’s been working with hardware partners. It’s first, naturally, is Samsung. The two companies have been working closely on a device it plans to launch “early next year,” according to Google. That device is expected to debut moments from now on Samsung’s own stage. Google is referring to the category as “Foldables.” “You can think of the device as both a phone and a tablet,” Android VP of Engineering Dave Burke explained. “Broadly, there are two variants – two-screen devices and one-screen devices. When folded, it looks like phone, fitting in your pocket or purse. The defining fea...