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1 of venture backed startup founders are Black Here s how one entrepreneur beat those odds VentureBeat

Just 1% of venture-funded startup founders are Black, according the Crunchbase startup database. This means Joe Bayen, who runs a small company called Grow Credit, has beaten the odds.

In the wake of Black Lives Matter protests, Bayen got in touch with me to talk about how he wants to inspire other Black entrepreneurs to succeed. He published a Black founder’s guide to raising a seed round in a recent Medium post, and he has also written an essay about personal responsibility versus societal responsibility.

Image: Grow Credit tries to help people establish credit without outrageous rates. Image Credit: Grow Credit