This article examines the widening gap in diverse entrepreneur VC funding
presented their business model to the sharks and received negative feedback, particularly from one shark Kevin O’Leary. On the episode, O’Leary remarked “the chances that this is a business are practically zero!” None of the sharks invested in the company. Despite the shark’s gaffe, The Lip Bar has become a wildly successful business, with the products now beingat Target. This was a missed opportunity for the sharks.
Another reason why this gap continues to persist is that VCs are utilizing more outdated and traditional methods to find diverse entrepreneurs. Again, being more intentional and constantly seeking information about diverse entrepreneurs can prove beneficial. Creating a, for example, to notify you about diverse entrepreneurs or diverse entrepreneurship could be one effective way to learn more about women and multicultural entrepreneurs you may be unfamiliar with.
France Dernières Nouvelles, France Actualités
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