[huffmsa]

Ah, so they meant they're only going to invest in and help black founders who've already had some other VC take a chance on and are safe investments.

Got it. Someone else needs to actually "venture" and take a risk. You'll just sit back and tweet about how you'd love to help, but your LPs say it's too risky.

[anon102010]

Many vc's do like past success (even white on white candidates, if you have had multiple successful exists you are much more likely to be funded).

VCs arguably are taking less risk. Now sometimes it stuff like capital domination (I think super stupid)

They like seeing what you've done yourself. You've built x / y / z - delivered this and that - great. This can be big if you don't have an exit yet.

Or proof in pudding - good traction already, good pitch deck etc.

etc.

It's not clear what she's done herself. Even her gym ownership success is complicated by potential involvement of her husband even though she goes to some lengths to say it's racist to assume the ownership was result of some help.

And her philosophy is that she doesn't want help from white folks, just for them to get out of the way. Then she's applying to benchmark vs Harlem capital? Its confusing.