Frequently Asked Questions

Q. How much is each company investing in Brown Venture Group?

Brown Venture Group: The investment by BofA and Best Buy is a significant amount toward our $50M goal. In addition, the partnership and collaboration from these companies is as valuable as the dollars they are contributing. They have decided to both invest and do the work with us.

Bank of America: it is our policy to not release specific dollar amounts…..

Q. Explain why Brown Venture Group is needed?

Brown Venture Group is leveling the playing field by exposing high potential ideas to the VC ecosystem that has traditionally been unattainable for technology entrepreneurs of color. In particular, most startups receive funding from family and friends - that network of investment is not traditionally available to entrepreneurs of color. Brown Venture Group makes bold changes to that dynamic and offers crucial initial funding as well as guidance to help these ventures succeed.

Q. How does Brown Venture Group decide what companies to fund?

When evaluating potential portfolio companies we put them through the BVG Way, which includes reviewing team, talent, technology and total addressable market for each potential company.