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It's ironic that LPs retreat to familiar networks because most capital goes to white men and most VCs are not profitable in risk-adjusted terms. That means it's time to try something new.

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Black Founders Matter presses VCs to pledge commitment to diversity

Black Founders Matter announced today the formation of the 25 by 25 Pledge, which encourages venture capitalists to commit to investing a quarter of their funds into BIPOC women founders by 2025.

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Democrats urge Google to limit location tracking to protect people seeking abortions

The majority of police demands for Google-stored location data came from state and local authorities.

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For Trump and Facebook, judgment day is around the corner

Facebook unceremoniously confiscated Trump’s biggest social media megaphone months ago, but the former president might be poised to snatch it back. Facebook’s Oversight Board, an external Supreme Court-like policy decision making group, will either restore Trump’s Facebook privileges or banish him …

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First Boulevard raises $5M for its digital bank aimed at Black America

The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black community. Some members of the Black community took their belief that big banks are not meeting their ne…

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Minneapolis police tapped Google to identify George Floyd protesters

Civil liberties groups have criticized the use of these dragnet search warrants.

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Google says geofence warrants make up one-quarter of all US demands

The search giant revealed it received 20,932 geofence warrants in three years.

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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

Last summer, in the wake of George Floyd’s murder, Best Buy committed to “do better” when it came to supporting communities of color. As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is i…

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Edtech startups and VCs rally around a memo of their own

Outschool founder Amir Nathoo has a message to the edtech sector, which recently found itself under a spotlight thanks to the pandemic: Add your voice, and don’t try to always appear neutral. The founder of the unicorn business penned a statement, co-signed by other edtech leaders, promoting the co…

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WeWork India exposed visitors’ personal information and selfies

Visitor names, email addresses, phone numbers, and selfies were exposed to the internet.

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TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns

Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…

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