Venture capital investment in U.S. startups led by Black founders quadrupled to $1.8 billion in the first half of the year, according to research firm Crunchbase . The uptick follows a particularly abysmal year for investment in minority entrepreneurs. Total capital raised by Black-founded startups reached just $1 billion in all of 2020. The growth in funding, while impressive, still pales in...
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TikTok CEO Goes to Washington With a Disparate Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
Virgin Orbit Nears $200 Million Funding Deal
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