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Black Venture Capitalists Gather at Culture Shifting Weekend

Culture Shift Labs CEO Andrea Hoffman is holding the 8th annual Culture Shifting Weekend for black venture capitalists on November 3rd and 4th at SAP Hudson Yards. As the U.S.’s largest gathering of African American venture capitalists, the invitation-only weekend strives to develop and deepen relationships between the community and investors and over 60 venture capital firms.

About 1.5% of all venture capitalists are African American according to the National Venture Capitalist Association, however the Forbes’ 2017 Midas List detailing the 100 smartest venture capitalists around the world includes zero African American men or women. Ms. Hoffman works to change this through the event as well as Culture Shift Labs as a whole, advising companies, philanthropists, and senior leaders on the benefits of innovation and growth through inclusion.

Speaking at this year’s event are Reginald Van Lee, the former Booz Allen Executive Vice President, Michael Carter, RBC Capital Markets’ co-head and Managing Director of Technology Investment Banking, Troy Carter, CEO of Atom Factory, and Aaron Holiday, Cornell Tech Managing Entrepreneurial officer. Other special guests will appear on both days of the weekend, split up into a luncheon with 15 venture capitalists on November 3rd and ending with a deal-making breakfast on the 4th.

“Given the current political climate and challenges to the American ideal of equality, this convening is timely and actionable,” said Ms. Hoffman. “Most companies, foundations, fund of funds, and individual investors aren't aware of the vast number of venture capitalists, so the New York Culture Shifting Weekend is a way to provide an unprecedented opportunity for all parties to make deals."