The Ledger
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Tingle: High correlation exists between investor demographics and funded founders
“As we did more research, we found that there's a really high correlation between the race and gender of check writers and banners that get funded on a percentage basis.”
Diverse founders are 70% of the population but get 4% of VC
“The biggest stat that we saw was that women and people of color get about four percent of VC funding, but are 70% of the population.”
None of Harlem Capital's team had prior VC experience before joining
“No one who's worked with us has done VC before, but they're incredible, capable folks.”
Harlem Capital hired its entire investment team from its intern program
“All of our investment team has came from our intern program, so having that ability to take this huge filter for talent Work with them for three to six months, and then hire them means that we know these people tremendously well.”