Only 1% of venture-backed startups have a Black founder, and less than 3% of VC funds employ Black or minority professionals. It's evident that there is a void within the world of venture capital, which is not currently addressing the lack of diversity.

We at Berkeley Executive Education have joined forces with Operator Collective, Salesforce Ventures, and BLCK VC to conquer the diversity issue and translate this gap into an opportunity for Black executives. Through our collaboration, we are excited to announce the launch of the Black Venture Institute, a training program for Black executives on the fundamentals of venture investing led by some of the industry's most respected leaders.

The program will teach foundational venture principles like financing, sourcing, diligence, and corporate governance as well as discussing angel investing. Participants will discuss how investors evaluate opportunities, collaborate, and negotiate terms. All while learning from top industry minds, business leaders, and UC Berkeley professors. The program will be spearheaded by Professor Toby Stuart, the Leo Helzel Chair in Entrepreneurship and Innovation at Haas School of Business.

The Black Venture Institute is specifically designed to create a comprehensive environment to enable education, exposure, and connections. We hope to graduate 300 fellows in three years. Stay tuned for more updates and information on how to join the Black Venture Institute!

Learn more about the Black Venture Institute on Haas News.