Base10 Partners plans to invest 50% of a new $250 million fund’s carried interest, or the share of the profits general partners receive as compensation, to Historically Black Colleges & Universities (HBCUs). The new fund, called the Advancement Initiative , arrives roughly one year after Base10 co-founder Adeyemi Ajao helped lead an effort to push top VC firms to invite HBCUs to become...
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The La La Land Life of Venture Capitalist Brianne Kimmel
Hi, welcome to your Weekend! It’s peak out-of-office message season in Silicon Valley, and not just because of the Fourth of July weekend. Tech layoffs are popping off everywhere. Venture dealflow has slowed to a crawl. The economic headwinds are fierce and giving certain people super bad feelings. Plus, after two-plus years of pandemic-driven insanity, the people of tech may...
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