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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/07\/04\/whats-it-like-being-a-black-founder-in-france\/<\/a><\/br> In France, Shaila<\/a><\/span> Sahai says pitching investors usually goes like this.<\/p>\n She is a woman, Black and a CEO, and when she walks into a meeting with investors, armed with a slide deck for her fintech startup We Take Part<\/a>, she\u2019s often greeted with bafflement. \u201cThey are surprised, and they can\u2019t hide it,\u201d she told me.<\/p>\n She\u2019ll go on to pitch her company, and then: \u201cThey usually just leave the conversation,\u201d she said. \u201cI\u2019ve had people say, \u2018Oh, okay, nice, very interesting. Thank you. See you soon.\u2019 And we were in the middle of a conversation.\u201d<\/p>\n In France, Sahai isn\u2019t alone in facing this almost systemic avoidance of people who look like her, but you wouldn\u2019t be able to find any proof of it. The French startup ecosystem for Black founders is shrouded in mystery, especially because France\u2019s embrace of universalism<\/a> and its color-blind approach to economic and social policy has meant that there is little to no data or visibility into the startup and venture capital industry\u2019s racial and ethnic diversity.<\/p>\n The country does not track its racial diversity metrics<\/a> (former French president Nicolas Sarkozy<\/a> tried and failed to change that about 14 years ago), meaning that while racism continues to exist in the country like everywhere else in the world, there is no hard evidence of that racism. Many Black founders are reluctant to draw attention to themselves and instead move in silence, contributing to a lack of success stories about them.<\/p>\n \n\t\t\tWe have to fight all these stereotypes to prove we can do interesting things.\t\t\t\t\t\t\tRodolphe-Emmanuel Hospice, founder, Clickdoc<\/cite>\n\t\t\t\t\t<\/p><\/blockquote><\/div>\n For those looking to break into the tech sector, this lack of information makes it look like there is nothing happening within venture capital for Black founders.<\/p>\n Naturally, that isn\u2019t true: Laura Pallier<\/a> raised a $20 million Series A<\/a> for her fintech SaaS platform Regate<\/a>\u00a0last September; Alvyn Severien<\/a>\u00a0closed a $13 million Series A<\/a> for his algae products company Algama in January; Nelly Chatue-Diop<\/a>\u00a0raised $2 million<\/a> last year for her web3 investment startup Ejara; Bruno Mendes Da Silva<\/a> raised $3.5 million last year for his AI-focused data startup Heex Technologies; and Sebastien Luissaint<\/a> raised $2.4 million last August for Myditek, an agtech startup.<\/p>\n This list isn\u2019t comprehensive, of course, but it\u2019s representative of the fact that Black founders can and do run fast-growing businesses in tech and other fields. \u201cWe are invited to speak, we are invited onstage to testify,\u201d Sahai said. \u201cBut we have more to bring to the table than just testaments. We should be invited to the decision-making process. We should be funded. And that\u2019s it.\u201d<\/p>\n Black people in France have faced a long history of discrimination that\u2019s been swept under the rug. Many Black people in France hail from or are descendants of immigrants from its Outremer or \u201coverseas departments\u201d \u2014 mostly islands such as R\u00e9union and Martinique \u2014 and are legally French citizens. Others have ancestors from former French colonies in Africa, including C\u00f4te d\u2019Ivoire, Mali and Senegal.<\/p>\n Sahai, who was born and raised in France, believes the country is still \u201cembarrassed\u201d about its history of enslaving and colonizing Africans and Afro-Caribbeans. Despite that, deep-seated racial stereotypes and prejudices still fester in the country, manifesting in the form of economic discrimination against Black entrepreneurs, a few founders told TechCrunch+.<\/p>\n Compared to the U.K., where there have been more open and honest conversations about racism and colonialism, she said the French don\u2019t want to acknowledge their history.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nWhat\u2019s it like being a Black founder in France?<\/br>
\n2023-07-04 21:40:15<\/br><\/p>\n\u201cIt\u2019s impossible that you can be their equal\u201d<\/h2>\n