NEX Cubed HBCUVC Venture Scouting Program
Empowering the next generation of Black venture investors.
Overview
NEX Cubed, in partnership with HBCUvc, has launched the HBCUVC Venture Scouting Program to increase diversity in venture capital. This innovative scout program focuses on training Black venture investors while building a sourcing pipeline of HBCU-connected founders. Participants will gain hands-on experience in venture capital, including due diligence, investment evaluation, and direct engagement with real investment decisions. The program aims to create a diverse investor perspective and address the systemic underrepresentation of Black founders in the venture ecosystem.
Investment focus
The NEX Cubed HBCUVC Venture Scouting Program aims to address the underrepresentation of Black founders and investors in the venture capital ecosystem. By training HBCU-connected individuals in venture capital, the program seeks to create a diverse pipeline of investors and founders, ultimately leading to increased funding for Black-led startups.
Program details
Applicants should demonstrate a commitment to diversity in venture capital and a willingness to learn and engage with the venture ecosystem.
Who it is for
Participants must be HBCUvc fellows, alumni, or HBCU students with a commitment to increasing diversity in venture capital.
Check if you are eligible
Check your eligibility for NEX Cubed HBCUVC Venture Scouting ProgramAdmissions and application
The program is open to HBCUvc fellows, alumni, and HBCU students interested in venture capital. Interested individuals can apply through the program's application link.
Benefits
Participants will receive venture capital training, hands-on experience in sourcing investment opportunities, mentorship from industry professionals, and access to NEX Cubed's portfolio companies.
Timeline
The program launched in October 2023, with ongoing opportunities for new cohorts to join.
What came of it
Success will be measured by scout pipeline development, scout-sourced investments, and the career progression of scouts into venture roles.
How to go about it
- Read what it asks for
Who can apply, how people get in and whether it is open right now.
- Have something to show
Programs pick people whose work they can already point to. Put yours where it can be found.
- Apply the way the program asks
The program has not published how to apply. Terms and dates change. Check the official page before you act.
What it pays
Scouts in the program receive a percentage of carry, which is a profit share directly tied to the deals they source and the companies they identify. This structure aligns their incentives with the performance of the fund, creating financial upside opportunities.
Questions about this program
Who can apply for the program?
The program is open to HBCUvc fellows, alumni, and HBCU students interested in venture capital.
What kind of training will participants receive?
Participants will receive training in due diligence, investment memo drafting, company evaluation, and more.
About Nex Cubed
Nex Cubed
Accelerator
Empowering underrepresented founders through tailored support.
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From public sources
What the sources say about NEX Cubed HBCUVC Venture Scouting Program
AfroTech reported memo preparation support for scouts in November 2023.
Source: Nex Cubed Partners With HBCUvc To Diversify Representation In The VC SectorAfroTech's 2023 coverage described HBCU students and alumni as the scouting audience.
Source: Nex Cubed Partners With HBCUvc To Diversify Representation In The VC SectorThe linked form's intake wording refers to 2024.
Source: Venture Scouting applicationNex Cubed links an application form from its scout page.
Source: Venture Scouting — Nex CubedNex Cubed's scout form asks why applicants want to scout.
Source: Venture Scouting applicationNex Cubed's scout form asks applicants for their school.
Source: Venture Scouting application
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