A clear path for Black professionals who want to break into venture capital through fellowships or scout pools – how each program works, what selection committees look for, and the key articles you should read first
You may be an engineer in Atlanta, a marketing lead in Detroit, or a finance major at Howard who wants more than LinkedIn headlines. You want to help write the first check. The opportunity set has never been stronger. Across 2024 and the first half of 2025 more than a dozen U.S. funds either launched or expanded programs aimed at building Black investor talent. The seven options below concentrate on skill‑building, real deal exposure, and alumni networks that keep paying career dividends.
BLCK VC’s Black Venture Institute
If you learn best in sprints, this free, two‑week virtual course run by BLCK VC, Salesforce Ventures, and Berkeley Haas belongs at the top of your list. Fellows study term sheets, valuation math, and board dynamics alongside live office hours with partners from Sequoia, GV, and Kapor Capital. Graduates join the BLCK VC Hub, an invite‑only Slack where deal flow and job openings circulate daily.
BLCK VC Breaking Into Venture
For early‑career operators who want more hand‑holding, BLCK VC also runs a nine‑week evening program that drills you on sourcing, diligence, and memo writing. Past cohorts included analysts from Goldman Sachs and product managers from Microsoft. Acceptance rates hover near three percent, so polish your application before the Spring 2025 portal opens.
HBCUvc VC Training and Internship
HBCUvc’s six‑month, culturally affirming fellowship pairs Black graduate students with leading funds. You work on live diligence, attend weekly masterclasses, and finish with a paid summer placement. Alumni have landed full‑time roles at Bessemer, Insight, and Google Ventures.
Colorwave Fellowship
Colorwave’s nine‑week, fully remote fellowship teaches under‑represented talent how the startup and VC ecosystems work, then brokers interviews at high‑growth companies and funds. Sessions run on weekday evenings, making the program feasible if you keep a day job.
Harlem Capital Internship
Harlem Capital’s 10‑week remote internship happens three times a year and focuses on research, founder outreach, and investment memos. Interns meet portfolio CEOs, present to the partnership, and join an alumni group now three hundred strong.
Collide Capital Undergraduate Scouts
If you are still on campus, Collide Capital lets student scouts source and pitch deals directly to the investment team. Active scouts have already brought in seed rounds for fintech and AI startups from Spelman, Morehouse, and Michigan.
Lightspeed Emergence Scout Network
Lightspeed Venture Partners rebuilt its long‑running scout program to center investors from Black, Latinx, Indigenous, and Pacific Islander communities. Forty‑two current scouts each manage a micro‑pool and receive carry in any deal Lightspeed follows.
Most funnels involve a culture call, a short written memo, and a partner interview or mock investment committee. Success rates improve when applicants show proof of hustle – angel checks, hackathon mentoring, or sector blogs.
Monday nights often unpack pro‑rata math. Mid‑week study circles debate a live seed deal; one member defends, another red‑teams. Friday office hours let a general partner rewrite your thesis in red ink. Expect to spend ten focused hours per week. Scout tracks usually require one qualified lead every month. Fellowship tracks end with a simulated investment committee where you defend a deal and outline follow‑on reserves.
Graduates of Black Venture Institute report writing real angel checks within six months. Colorwave says eighty‑five percent of its fellows land new roles within ninety days. Harlem Capital’s internship pipeline now accounts for a quarter of the firm’s full‑time hiring. In short, these programs are no longer experimental; they are infrastructure.
Treat the application as your first investment memo. Concise writing and clear numbers show you already think like an investor.
Ten years ago, Sequoia Capital began quietly encouraging founders of its portfolio companies to consider which of their founder friends they might like to get behind financially.
VC review platform Landscape thinks it's come up with the scout programme to rule them all: a "scout-as-a-service" marketplace.
Accel, the US venture capital (VC) giant, has launched a startup scouting program in Europe, building on the legacy of its US project. Scouts in the “Starters” program are allocated $200К each to find, invest in, and nurture European startups with growth potential.
Founders are extraordinarily busy, even for their own investors. A decade ago, they might have had relationships with a handful of VC partners as they scaled their businesses and raised additional rounds of capital.
If you are an African graduate, professional and entrepreneur trying to get into venture capital, here are five African VC fellowships you should consider joining.
A feature on Monk’s Hill Ventures’ new Scouts Program in Southeast Asia.
The famed scout programme from US VC firm Sequoia has launched in Europe. We meet the scouts.
Dorm Room Fund, a venture capital operation that launched to invest in student-led startups, has raised a new $10.4 million fund, per SEC filings. The filing marks Dorm Room Fund’s largest fund to date, and its first that appears to include investors beyond First Round Capital, the firm that first launched the student-focused operation in 2012.
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