Marlon Nichols, Founding Partner, Cross Culture Ventures

Venture capital investment in companies led by women and minorities is lacking. CB Insights released its data in showing only 1% of VC-funded startup founders are African American, whereas 83% of VC-backed founders are white. Stepping up to the plate to help change that narrative are early stage venture capital firms like Cross Culture Ventures.

Launched in 2015, the firm is led by three African American men: talent manager and venture investor Troy Carter, former Gastronome Ventures vice president Trevor Thomas, and prior Intel Capital Partner Marlon C. Nichols, who led investments in women and minority-led start-ups through Intel Capital’s Diversity Fund. Nichols will lead a panel discussion on identifying seed and early-stage funding at the Entrepreneurs Summit.

[Related: Venture Fund To Combat Startup Bias]

Cross Culture Ventures invests in entrepreneurs creating next generation technology and consumer products. It

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Source: Black Enterprise » Small Business