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However, well, everythingThe United States is still the best place in the world to raise money for black startup founders. Check sizes are bigger, the market is more mature, ambition is excessive. There are many funds, options, many opportunities, many, many, many.
It’s easy to decry the terrible funding and often discriminatory treatment black founders receive in the US, but the reality is that the heart of the American Dream still beats.
example, Lotana EzeikeA serial founder, he said he wanted to raise money for his new startup, even though he raised more than $1 million for the FinTech Expo in the UK.
“Across the pond in the UK, thinking is very limited, especially around race,” he said, noting that race in the US is pre-race or family circle in the UK.
“I think it’s because of how small the UK is compared to other regions, so the mindset is just to dream big. It’s really circular – less wealth, less capital, less ideas become unicorns.”
Sefa Ndubueze from Germany also expressed the same opinion. He said he still wants America for the startup because there are more success stories of black founders in America than in Europe, which means he has a better chance of finding his own way compared to Germany.
“I can definitely say America is a better environment for black founders,” he told TechCrunch. “How? A lot of different investors in the U.S. A lot of investors are investing in non-traditional businesses. A lot of institutional investors are offering ticket sizes from $100,000 to $500,000 per idea, a lot of opportunities to build a founder network, and a lot of investors who have invested in black founders in the past. .
While the reception of black founders in the US appears lukewarm, the numbers show more of the same. (France and Germany don’t track race data, although founders and venture capitalists interviewed by TechCrunch point to anecdotal evidence of persistent racism in both markets.) Ironically, founders look to America for networking opportunities.
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