“Black founders also continue to deal with overt racism. As reported in the 2015 CB Insights Analysis, about 1 percent of venture capital investments end up in the hands of Black founders, despite the fact that Black founders represent 11 percent of the population. In addition, Black founders are often denied loans or receive a lesser loan amount than requested. More than 53 percent of loan applications by Black founders are denied. In contrast, approximately 25 percent of loans for White founders are denied.”