Houston Tech Advisor Analyzes Lack of Diversity in Technology Startups Funded by Venture Capitalists Across the United States

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Some venture capitalists say they don’t know how to recruit minorities. (http://thecradioshow.net)

Cynthia Nevels is senior producer and host of The C-Radio Show (http://thecradioshow.net), a national business and economics talk radio show. Reports show less than one percent of all venture capital money went to digital startups with African-American founders in 2010. Wayne Sutton (http://www.socialwayne.com), one of the eight entrepreneurs featured in the CNN documentary (http://www.cnn.com/SPECIALS/in.america/black.in.america) that aired November 13, 2011, pitched his idea for his new company – VOUCH. Sutton is quoted as saying, “I’m not selling rap CDs and I’m not looking for street cred, I want startup credibility. That’s all I want.”

On November 13, 2011, CNN broadcasted its fourth installment of its Black in America documentary series entitled “Silicon Valley – The New Promised Land” hosted by Soledad O’Brien. The show was met with widespread controversy and some cheers. The show follows eight entrepreneurs who travel to Silicon Valley who participate in a 9-week boot camp to work on building their products and pitching their ideas to Silicon Valley venture capitalists. Less than 30 percent of the boot camp attendees received venture capital funding at airing.

Sutton’s company remains unfunded and he talks to Cynthia Nevels on The C-Radio Show to share insight on why there is so little venture capital investment made in minority and women owned tech startups in the United States.

Nevels, who was recently is quoted in Wall Street Journal’s small business column “Small Talk” (http://online.wsj.com/article/SB10001424052970204479504576638813878112094.html) states, “I lived and worked for Internet consulting startup and Siebel Systems in Silicon Valley. I personally saw wealth distributed disproportionately first hand. Moreover, a large percentage of the funding went to businesses that were not lead or founded by minorities. That’s a fact.”

The C-Radio Show business talk radio program airs November 15, 2011 at 11:30AM CT/12:30PM ET on BlogTalkRadio.com/cradioshow. Each Tuesday, Cynthia interviews business leaders, venture capitalists, celebrities and innovative entrepreneurs who provide the latest business tips, news and information to listeners across the United States.

About Cynthia Nevels
Cynthia Nevels is senior producer and host of The C-Radio Show, managing director of business management and technology consulting firm CynthiaNevels.com (http://www.cynthianevels.com). Nevels is a certified financial educator, certified small business management counselor, and certified entrepreneurship instructor. She serves on the board of the American Institute for Education, Innovation and Entrepreneurship, is the author of her latest book Financial Bailout and is an adjunct professor for Mountain View College and Richland College. For more information visit http://www.thecradioshow.net or call 1-877-601-3211.

About Wayne Sutton
Wayne Sutton is an entrepreneur, advisor and technology journalist. With 10 plus years of experience in Internet technology, he has provided counsel to business leaders ranging from founders of small startups and representatives of nonprofit organizations to CEOs of large and small corporations. Wayne has been featured on CNN.com, BBC, Mashable, BlackEnterprise.com, Web Pro news, The Atlanta Post and various media outlets. His blog SocialWayne.com has been ranked one of the 50 best technology and social media blogs in the world by Evan Carmichael and Simply Zesty. For more information visit http://www.socialwayne.com.

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