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...
Another autonomous ride-hailing test project has popped up in the U.S. This time, Daimler and Bosch, one of the largest automotive tech and hardware suppliers in the world, are partnering to pilot a robotaxi service in San Jose, California. The program will use automated Mercedes-Benz S Class vehicles, the German automaker’s full-sized luxury flagship sedans, the company announced Thursday. The robotaxi trials will begin in the second half of 2019 in a geofenced area in the San Carlos and Stevens Creek corridor between downtown and west San Jose. The pilot will use an on-demand ride-hailing service app operated by Daimler Mobility Services. Select members of the public will be given access to the app and be able to hail a self-driving car from a designated pick-up location. The rides will all be monitored by a safety driver. “The pilot project is an opportunity to explore how autonomous vehicles can help us better meet future transportation needs,” says San Jose mayor Sam Liccardo said...