NewME Launches Accelerator for Minority-led Start-ups in Silicon Valley
blackweb20.com
blackweb20.com
My only quibble is with this:
"Without successful exits from minority-led start-ups we forgo creating new angle investors, venture capitalist, mentors, role models, and more start-ups."
NewME is an investor, so I get the need for returns, but it wouldn't hurt to have a few minority-led companies with a 37signals-like philosophy toward business and promotions.
Just to clarify NewME isn't an investor. We aren't making financial investment in any of the companies and we aren't taking equity. We are providing the speakers, and mentors, and place to stay for the summer. We're also providing a community of sorts. :)