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Grandma and ‘nem always told us, “there’s nothing new under the sun.” When it comes to racial biases and prejudices in the workforce, there’s a draining repetition of occurrences that never surprises Black and Brown folk. This phenomenon around racial biases against people of color is pervasive in the world, but it rears its ugly head in the job space quite frequently. From wage and payment gaps to a lack of professional development, Black and Brown people consistently face challenges that show great inequity in business and entrepreneurship. Carta — an ownership and equity management platform — releases a yearly report that explores the demographics and trends that highlight these issues, with some focus points on the ecosystem of venture capital and startup organizations. This year’s report from Carta explored some new assessment points like expanded geographic data, the effects of parenthood related to gender, and investor-specific demographics.
Serena Williams and Kerry Washington are sharing their insight on equity and ownership for free.99. According to Essence, the two have partnered with Carta, an ownership and equity management platform, for its campaign — Equity 101. The launch includes ten fintech lessons focused on equity and investing, as well as videos from Williams, Washington, Alex Rodriguez, Ashley Graham, Tan France, and Steve Nash, in which they “help debunk major concepts that have stood in the way of achieving financial freedom. ” Each of the celebrities involved in the campaign own equity as investors or venture capitalists. As previously reported by AfroTech, Williams founded her VC firm Serena Ventures in 2014 to provide opportunities to women and underrepresented founders and it has since gone on to invest in 43 companies , 25 marked as “diversity investments.” AfroTech has also reported on Washington continuously having her hands in the startup world including her investments in brands such as Aurate,...