Bradley launched 1863 Ventures eight years ago to support founders of color. Since then, the organization says it has helped more than 5,000 founders and created 2,000 jobs.
In a statement published on social media, Bradley wrote that there will be only a few changes, even as 1863 becomes New Majority Ventures... the mission will remain to support the creation of $100 billion in 'new wealth by and for New Majority founders by 2023.'
Changes include the name and some staff reduction; the org will also expand to work with other 'ecosystem builders,' like accelerators and incubators - and will partner with 'other institutions' - like universities - to grow its research offerings.
New Majority Ventures will not create new funds at this time, Bradley confirmed. It will, however, continue in its thesis of seeking out underrepresented founders.
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