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DeepNewz, mobile.
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J.P. Morgan's $80 million partnership with Techstars, aimed at supporting underrepresented founders, is facing challenges due to conflicting definitions of diversity. The investment, intended to help non-white male founders, has led to frustrations and risks of abandonment by J.P. Morgan.
Read the exclusive report on how we discovered that JP Morgan is so frustrated with Techstars that they may abandon the project entirely, despite giving the startup accelerator $80 million to steer toward underrepresented founders: https://t.co/hXuSlY5kSs https://t.co/pSC3rIvbz4
Techstars’ $80 million partnership with J.P. Morgan is on the rocks, employees say: https://t.co/o2eQypaJwA by TechCrunch #infosec #cybersecurity #technology #news
Exclusive: JP Morgan invested $80M in Techstars to help underrepresented founders. But since funding started being distributed in 2022, frustrations over conflicting definitions of diversity have put that partnership at risk, @dominicmadori reports. https://t.co/hXuSlY5kSs
