What kind of racism is this by an elite US university? Notice the use of the capital "B" everywhere!
When will President Trump act against this DEI ideology infested and woke elite university?
Since when should financial investments be directed by skin color?
"Five years ago, in the aftermath of the George Floyd murder [???], Black-founded startups had “a moment” when venture capitalists (VCs) were eager to invest. In the two years after Floyd’s death, the share of VC dollars that went to Black businesses jumped by 43%.
Unfortunately for those fledgling companies, and the ones that have followed, that interest and those dollars were short-lived, according to new Cornell research. ...
Matt Marx, the Bruce F. Failing, Sr. Chair in Entrepreneurship and professor of management and organizations in the Charles H. Dyson School of Applied Economics and Management, in the Cornell SC Johnson College of Business. ...
The rise and fall of VCs’ interest in Black startups represented tokenism designed to burnish the VCs’ reputations,” said Qian Wang, M.S. ’21, a doctoral candidate in management and organizations, and co-author of “Minimum Viable Signal: Venture Funding, Social Movements, and Race,” which published Aug. 19 in Management Science (MS).
Marx is also an author of “Funding Black High-Growth Startups,” forthcoming in the Journal of Finance (JF). In that study, the researchers found that Black-owned startups raised only about a third as much funding in the first five years after starting their firms as startups without any Black founders, even when comparing similar startups in the same industry, year and state. ..."
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