---
title: Smart VCs Recognize That Black Female Founders May Lead The Next Unicorns — digitalundivided
description: “When a trend starts, the numbers are small. Perhaps even infinitesimal, like the number of Black women receiving venture capital. Black and Latinx women received just    0.64% of VC   investment since 2018, according to ProjectDiane 2020.    Black women represent 42%    of net new women-owned busin
---

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# [Smart VCs Recognize That Black Female Founders May Lead The Next Unicorns — digitalundivided](https://digitalundivided.com/press/press-collection/smart-vcs-recognize-that-black-female-founders-may-lead-the-next-unicorns-1)

 Written by [digitalundivided](https://digitalundivided.com/press/author/digitalundivided) | Jan 22, 2021 5:00:00 AM

# Smart VCs Recognize That Black Female Founders May Lead The Next Unicorns

*“When a trend starts, the numbers are small. Perhaps even infinitesimal, like the number of Black women receiving venture capital. Black and Latinx women received just*[* 0.64% of VC*](https://www.projectdiane.com/)*investment since 2018, according to ProjectDiane 2020.*[* Black women represent 42%*](https://s1.q4cdn.com/692158879/files/doc_library/file/2019-state-of-women-owned-businesses-report.pdf)* of net new women-owned businesses, according to the American Express 2019 State of Women-Owned Businesses.* The percentage is three times their share of the female population*[* (14%)*](https://www.catalyst.org/research/women-of-color-in-the-united-states/)*. “ *** **[**Read more at Forbes**](https://www.forbes.com/sites/geristengel/2021/12/30/smart-vcs-recognize-that-black-female-founders-may-be-the-next-unicorns/?sh=724f530c55ac)

[digitalundivided](https://digitalundivided.com/press-collection?author=5588b2bde4b0751e884d78d5) January 22, 2021 [Comment](https://digitalundivided.com/press-collection/smart-vcs-recognize-that-black-female-founders-may-lead-the-next-unicorns#comments-600b1a82efdf7f2826a8f5f1)

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