“And so I say, black founders matter, and that's...what we're doing and investing in these best of class companies that are out there,” she added, speaking about her fund’s investment strategy.
Portfolia’s Rising America Fund focuses on investing in diverse companies — including those led by lesbian, gay, bisexual and trans — and startups that cater to those markets. “We're a team of all women of color. All of us are world class investors. We've been investing for a number of years, some cases 20 plus years,” Pendleton added.
“So if you look at traditional [venture capital], that's not the case over index with white males,” Pendleton said.data, Blacks are badly lagging among the executive ranks of startups, while more than 75% of all rounds raised go to all white founding teams. However, those same figures found that diverse founding and executive teams generate higher median realized multiples on acquisitions and IPOs than all White founding and executive teams.
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