The recent deaths of George Floyd and other black Americans at the hands of police have sparked an outpouring of statements from businesses, founders and investors across the venture capital world. Many have been declarations of solidarity and support for the black community, while others have promised action to address ingrained racial inequity. Black founders and investors are paying close attention to the industry’s responses and searching for signs of genuine commitment and follow-through. Some say that how VC firms address this moment of social unrest highlighting unconscious bias and a lack of diversity could shape decisions on who they choose to work with on future funding rounds or to rely upon for advice.