Why are there so few Black tech founders in the US, and how can the tech ecosystem better support them?
| Channel | Publish Date | Thumbnail & View Count | Actions |
|---|---|---|---|
 Wilbur Labs | 2022-11-29 17:30:01 |  8,715 Views |
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It is a loaded question, as there are various reasons. Let's start by pointing out that in 2019, white people made up 77% of the labor force, according to data from the US Bureau of Labor Statistics, while black and Asian people only made up 13% and 6% of it, respectively.
Still, data shows that black entrepreneurship is on the rise. Now, experts interviewed by Lifewire say the challenge is to revamp the country's tech ecosystem to better support them.
Melissa Bradley, managing partner of 1863 Ventures, told Lifewire in an email interview that many blacks simply lack the resources and pathways to tech careers. Once there, they also lack the same access to capital as white entrepreneurs.
