MedCity News November 23, 2022
Third Culture Capital (3CC) is a venture capital firm founded with the mission to foster more equity and diversity in health technology innovation. 3CC Founder and Managing Partner said the firm is intentional about connecting to the “unique lived experiences” of the founders it invests in, as this approach ensures that it is not just checking its diversity boxes.
Startups founded by women or people of color often don’t garner as much capital from investors. For example, women-founded companies received just 2.4% of all capital invested in venture-backed startups in the U.S last year, and Black founders raised only 1.4% of all 2021 funding.
Recognizing that these statistics are unacceptable, Julien Pham founded Boston-based venture capital firm Third Culture Capital...
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