Again, read it as investing in "Black businesses also". That's what makes it different than mainstream investing, which invests in "Black businesses rarely, if ever." (And controversial! See other comments here.)
> I don’t think many VCs have that as an explicit policy.
Search for VCs explicitly saying they look for entrepreneurs who "pattern match" or "look like Mark Zuckerberg" etc. They are as explicit as possible without breaking the law. Regardless of intent, even accidental disparities create gaps that bring opportunities.
VCs looking for that would most likely be happy to invest in founders of any colour that match his personality.
Track records say otherwise.
And again, there is plenty on the record indicating that what they mean is exactly what it sounds like: they are looking for a close match for Zuckerberg on every axis. Sure, personality, but also traits like age, pedigree, and phenotype. All available in Google if you're curious.
The other basis is expressed in the companies in which they choose to invest.
Do you have any links?
Good luck with your journey.
But then announcing you’ll invest in “black businesses” seems questionable.
But to your last point, there is no “prevailing standard” to “invest rarely” in black businesses. At least I don’t think many VCs have that as an explicit policy.