Jerry Varnado

The BAG Collective is a collective of angel investors from top tech companies and startups that invests intellectual, social and financial capital in seed to Series A startups around the world. Our collective believes in and support founders who build ethical, high-growth technology companies.

We are creating a global angel investor network, through which we can share deal-flow, expertise and contacts.

Venture capital is more than funding—it’s a catalyst for economic opportunity. At BLCK VC, we equip Black investors with the expertise, networks, and capital they need to lead the next wave of innovation. By broadening who gets to participate in VC, we unlock new pathways to prosperity, cultivate tomorrow’s leaders, and fortify communities nationwide. BLCK VC is a 501(c)(3) nonprofit organization that equips Black investors with the access, education, and community they need to accelerate their careers in venture capital. Venture firms in the United States invest over $130 billion annually, however, Black investors have systematically been excluded from mobilizing this capital. Today, only 3% of venture capital investors are Black; additionally, only 2% of partners–individuals that make investment decisions–at venture firms are Black. In recent years, venture capital has only scratched the surface of its potential. BLCK VC is on a mission to turn it into a true engine of generational wealth and innovation—cultivating new leaders, unlocking capital for untapped talent, and expanding access to the networks and resources that drive tomorrow’s breakthroughs.

Investing in remarkable founders of color who drive change, innovation and impact.

Capital Factory is the center of gravity for entrepreneurs in Texas, the number one startup state in the U.S. Thousands of entrepreneurs, programmers and designers gather day and night, in-person and online for meetups, classes and coworking. With boots on the ground in Austin, Dallas, Houston, and San Antonio, we meet the best entrepreneurs in Texas and introduce them to their first investors, employees, mentors and customers. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2010.

The BAG Collective is a collective of angel investors from top tech companies and startups that invests intellectual, social and financial capital in seed to Series A startups around the world. Our collective believes in and support founders who build ethical, high-growth technology companies.