In a typical room the place nonprofits do the work of grantmaking—deciding which packages and options to fund with their philanthropic {dollars}—the faces round that desk doubtless don’t replicate the communities that can obtain that charity. “The approach these funders are arrange, it’s often a board which tends to be primarily white, not from the communities they fund, folks of ...

Within the first half of 2021, enterprise funding hit a record high of $288 billion, far outstripping world funding throughout the identical interval final yr. However this windfall hasn’t offset the inequities endemic to the enterprise capital business: Over the primary eight months of 2021, the share of funding {dollars} raised by firms with solely feminine founders was simply 2.2%, ...

The Biden Administration has a once-in-a-lifetime alternative to assist Puerto Rico transition to a greener and extra resilient vitality future, but it’s on the verge of constructing a multibillion-dollar mistake. Since Hurricane Maria devastated Puerto Rico in 2017, many residents and environmental advocates have known as for brand new clean-energy sources for the island. At the moment, Puerto Rico will ...

I had an fascinating expertise throughout our current fundraise when a male VC pal remarked that our group ought to think about altering the title of the fund. “Your returns are nice,” he stated, “however funding solely women-led firms is a tough promote to institutional traders.” His remark encapsulated precisely what continues to be probably the most important hurdle for ...

Gun reform advocacy group, Everytown For Gun Safety, has introduced the rollout of a fund to help legal instances related to gun violence, together with these filed on behalf of households and survivors of taking pictures tragedies. The fund, initially comprising $3 million, will be allotted to handpicked small and mid-size regulation companies, solo practitioners, and non-profit legal tasks searching ...

Andreessen Horowitz, the Silicon Valley enterprise capital agency famed for making profitable bets on early-stage tech firms that finally grew to rule the world, is staking its subsequent declare within the land of cryptocurrency. Earlier at this time, it revealed a $2.2 billion fund for investments in crypto networks. “We imagine that the subsequent wave of computing innovation shall be ...

The board of ExxonMobil, the biggest oil firm in the US, contains the CEO of Merck and the previous CEO of Caterpillar. They now have some new colleagues: three board members that the fossil gasoline firm didn’t need—and who plan to push for a coherent plan to handle local weather change. That’s because of Engine No. 1, a hedge fund ...

Constructing housing is a solution to homelessness points in cities, nevertheless it isn’t the one reply. For Community Solutions, a nonprofit targeted on ending homelessness, that housing has to be backed by on-site supportive providers that these most susceptible to experiencing homelessness would want. With a new $100 million fund of social impact investment— augmented with federal pandemic funding that ...

The Protection Division is making an attempt to resume its as soon as strong relationship with Silicon Valley to search out the applied sciences wanted to confront Twenty first-century threats. The Air Force is taking the novel strategy of creating a venture capital agency inside its ranks that locates, invests in, and opens doorways for promising protection startups. AFVentures is ...

Charles D. King, common companion of MaC Venture Capital, doesn’t suppose there’s one other fund that appears like this one. That’s as a result of the enterprise capital agency is majority Black-owned. And it simply introduced the elevating of its inaugural $110 million seed-stage fund. Along with King, the L.A.- and Silicon Valley-based MaC Venture Capital counts amongst its founding ...