This editorial was brought to you in partnership with Target. Target is proud to support Black businesses, Black creators and HBCU’s this Homecoming season and beyond: Black Beyond Measure HBCU Founders Fund According to a press release provided to AfroTech, the global accelerator has launched a $40 million HBCU Founders Fund to boost startups led by at least one founder whom is an HBCU student, alum, or faculty. The investment was supported by a $5 million commitment from Costco Wholesale, a company aligned with Nex Cubed’s mission to tackle disparities in venture capital funding for Black entrepreneurs. “The Costco commitment validates both our investment thesis that there is a ton of talent within the HBCU community that can support a $40 million venture fund,” Marlon Evans, CEO of Nex Cubed, told AfroTech exclusively. “Then, I think, also for the founders, from their perspective, it can give them a sense of pride that there’s an investor like Costco that recognizes that...
