Black & Brown Founders was created to change the notion that venture capital funding is required to build a successful company, especially in tech.
We know that “bootstrapping” doesn’t look the same for black and brown founders as it does for others. Money doesn’t flow abundantly into our communities. We don’t typically have people around us to chip into a “friends and family round”, we don’t usually have access to investor networks, and we are often underestimated by investors because we don’t fit the pattern of what they are used to seeing.
While building her tech company, Aniyia spent months of time finding ways to get in front of investors, pitching them, and then ultimately walking away empty-handed. Finding venture funding was extremely difficult, and for a long time, she thought she was doing something wrong. Once she started her Code2040 residency and met other founders of color, she realized that she wasn’t alone.
Aniyia came to understand how the tech industry has become indoctrinated with the belief that building a successful business depends on bootstrapping or investors. But founders of color are often lacking the resources to bootstrap or ask friends and family for money. Further, we don’t usually have access to investor networks, and we are often underestimated by the investors we pitch because we don’t fit the pattern of what they are used to seeing.
Driven to take a different approach, BBFP was born. The goal is to share knowledge and resources within our community, which is frequently ignored by the tech ecosystem, yet known for its ingenuity and resilience.