Four months ago, SoftBank announced it would be launching a $100 million Opportunity Fund to invest in companies led by founders of color. At this weekend’s Black Men Talk Tech conference, SoftBank Managing Partner Shu Nyatta, who has been involved with the fund from day 1, gave attendees an update.
The headline news from the session: SoftBank bucks are going to Black founders already. He said that the fund has already reviewed about 800 companies and has invested in 21 startups so far. A website will be forthcoming soon, but will be found at theopportunityfund.com when launched, he said. There founders can submit their information for future consideration.
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