For TechCrunch, Dominic-Madori Davis and Tim De Chant reported on the consequences for the planet if climate tech doesn’t get enough Black representation:
Last year, Black founders raised 1% of all venture funding, and last quarter, they received 0.69%. That stubbornly low figure is almost certainly not representative of Black participation in climate tech, even though the actual number of Black people involved in the space is unknown. The lack of funding and dearth of DEI data suggests that the venture community writ large is overlooking a vast amount of untapped potential.
“The planet will burn if we don’t maximize the talent and genius embedded in the entire human race,” Donnel Baird, founder and CEO of BlocPower, said.
Why let Black people join in when we can burn all the money on solar geoengineering?