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Is There an Institutional Bias Against Black Tech Entrepreneurs? 645

An anonymous reader writes sends this excerpt from CNN: "The vast majority of top executives at the leading Silicon Valley tech firms are white men. Women and Asians have made some inroads, but African-American and Latino tech leaders remain a rarity. About 1% of entrepreneurs who received venture capital in the first half of last year are black, according to a study by research firm CB Insights. ... 'The tech industry is pretty clubby,' said Hank Williams, an African-American entrepreneur in the NewMe program who had success in the Internet boom of the 1990s. 'There are really no people of color in Silicon Valley.' Others say the issue could be rooted deep within the black community. The NewMe co-founders said African-American families don't typically encourage business leaders or programmers to pursue interests in tech."

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