Why aren’t there more minorities in VC?

Directing the UCL Entrepreneurs Society’s VC Fund, I’ve found a similar lack of diversity among founders — last year we received 110 applications from UCL startups for funding and interviewed just over 40 of these. Of these, just two founding teams were made up of students of African-Caribbean descent and only one of these was female. I come across a drive and passion for innovation and entrepreneurship within many black people I meet. However, this currently just isn’t translating into the student entrepreneurship scene.

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