Fred Groce, Principal at Storm Ventures and founder of Blck VC, shares authentic stories of startup investments that succeeded and failed. He describes how to identify the X-factor in a founding team. He also talks about his initiatives to double the number of black VCs.

• Diversity is a competitive edge in the market for organizations
• Tech is not an inclusive industry. <1% startups funded by VCs are led by black entrepreneurs
• VCs are at the day-zero of company formation
• Distilling ideas into its purest form is a skill not a lot of people have
• Non-profit: Black VC