Veteran tech investor and SV Angel founder Ron Conway is working with Grammy Award–winning musician Pharrell Williams to raise a venture capital fund, according to two people familiar with the matter. The new fund aims to make investments in startups led by underrepresented minorities.
The pair are currently in discussions with limited partners. News of the planned fund follows nationwide protests against racism and police brutality that have spurred several VC firms to pledge they will increase investments in companies founded by Black entrepreneurs and diversify their staff.
