One study showed just 13% of all startups receiving VC funding have any person of color as a founder.
With regard to the LGBTQ community, while there is little data, a recent study found that over one-third of founders who identify as LGBT do not come out to their investors.
In short, there is a huge need for support and resources for these underrepresented groups. Getting funding is difficult enough for a startup, and these factors can make it even more difficult to succeed.