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{"id":33890,"date":"2023-06-01T22:15:12","date_gmt":"2023-06-01T22:15:12","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/01\/crunchbase-will-begin-tracking-venture-dollars-allocated-to-lgbtq-founders\/"},"modified":"2023-06-01T22:15:13","modified_gmt":"2023-06-01T22:15:13","slug":"crunchbase-will-begin-tracking-venture-dollars-allocated-to-lgbtq-founders","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/01\/crunchbase-will-begin-tracking-venture-dollars-allocated-to-lgbtq-founders\/","title":{"rendered":"Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/01\/lgbtq-venture-dollars-tracking\/<\/a><\/br>
\nCrunchbase will begin tracking venture dollars allocated to LGBTQ+ founders<\/br>
\n2023-06-01 22:15:12<\/br><\/p>\n

\n

Crunchbase announced Thursday<\/span> that it is starting to track the amount of venture capital dollars invested in founders who identify as part of the LGBTQ+ community.<\/p>\n

The new data source is an addition to Crunchbase\u2019s Diversity Spotlight<\/a>, which tracks the amount of venture capital funding raised by founders within marginalized communities. Similar to its other diversity tags, LGBTQ+ founders will have to self-identify and opt-in to wanting<\/a> their information publicly shared. Crunchbase said its intention is to help raise awareness of LGBTQ+ founders looking for funding, as well as offer data and transparency around investments within the community. The announcement coincides with the first day of Pride Month.<\/p>\n

\u201cHaving concrete data helps in advocating for policy changes, funding initiatives and resource allocation to support LGBTQ+ entrepreneurs,\u201d said Ryan Husk, Crunchbase\u2019s director of business development. \u201cIt enables us to make evidence-based arguments for greater equity and access within the startup ecosystem.\u201d<\/p>\n

It was estimated <\/a>by Backstage Capital that less than 1% of all VC dollars are raised by companies with founders openly within the LGBTQ+ community. Members of the community often face hurdles while fundraising, whether it\u2019s dealing with openly transphobic investors or code-switching to hide one\u2019s sexuality in trepidation of homophobia.<\/p>\n

\u201cI\u2019ve heard founders say they delete any mention of same-sex partners, advocacy work or involvement in anything LGBTQ+ while raising capital as they fear investors will see it during due diligence,\u201d said Chasing Rainbows General Partner Patrick Driscoll<\/a>.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/01\/lgbtq-venture-dollars-tracking\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/01\/lgbtq-venture-dollars-tracking\/ Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders 2023-06-01 22:15:12 Crunchbase announced Thursday that it is starting to track the amount of venture capital dollars invested in founders who identify as part of the LGBTQ+ community. The new data source is an addition to Crunchbase\u2019s Diversity Spotlight, which tracks the amount of […]<\/p>\n","protected":false},"author":1,"featured_media":33891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-33890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nCrunchbase will begin tracking venture dollars allocated to LGBTQ+ founders - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/01\/crunchbase-will-begin-tracking-venture-dollars-allocated-to-lgbtq-founders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/01\/lgbtq-venture-dollars-tracking\/ Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders 2023-06-01 22:15:12 Crunchbase announced Thursday that it is starting to track the amount of venture capital dollars invested in founders who identify as part of the LGBTQ+ community. 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