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...
The Portal is a head scratcher. It’s a chat app that manifested itself into a hardware through sheer force of will. The first commercially available product from Building 8 isn’t as instantly iconic a piece of hardware as Snap’s Spectacles. In fact, at first glance, the device seems like little more than an Echo Show/Google Home Hub competitor. And then there’s the matter of timing. In a meeting with TechCrunch ahead of launch, Facebook’s hardware team was quick to list the various ways the company is proactively protecting user privacy, from a camera button to a physical lens cap. The social media giant has always been a lighting rod for these issues, but 2018 has been particularly tough, for reasons summed up well in Taylor’s simply titled post, “ Facebook, are you kidding? ” What’s most peculiar, however, is in this age of multi-tasking devices, the Facebook Portal and Portal+ are devices that are designed to do one thing really well. Rather than pushing to develop a true Echo comp...