While I’m extremely lucky to get the opportunity to see all kinds of amazing founders and companies here in Portland, it’s always nice when they’re recognized on a larger stage. Like today, when Marceau Michel and his venture capital fund, Black Founders Matter, were featured in The New York Times.
The fund’s $10 million goal is modest compared with those set by Silicon Valley investors — the median size of all venture capital funds this summer was $100 million, according to data by Pitchbook — but Mr. Michel plans to put its resources into companies that he views as strengthened by the obstacles they must overcome.
And it all started with a t-shirt.
For more, visit “A Black Venture Capitalist Sees Challenges as an Investing Edge.”
[Full disclosure: Black Founders Matter is a PIE alum. I am the cofounder and general manager of PIE. Also, this article mentions both PIE and Silicon Florist.]
