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...
Flickr will spare both the Flickr Commons and Creative Commons photos from deletion, the now SmugMug-owned company announced today. However, its new storage limitations on free accounts may impact its use as a home for photos with a Creative Commons license in the future. When the company unveiled its big revamp last week, one of the immediate concerns among users was what the changes meant for the Creative Commons photos hosted on Flickr. Under its new management, Flickr decided to stop offering free users a terabyte of storage, and instead will begin charging users who want to host more than 1,000 photos on its site. Users with more than 1,000 photos either had to choose to upgrade to a Pro account to retain those photos on the site, or see them deleted. Ryan Merkley, CEO at Creative Commons, expressed some concern last week over what this meant for the millions of CC images hosted on Flickr. Would they be gone, too? Flickr today says the answer is “no.” It vows not to delete eit...