That’s certainly one way to look at it. Another view might be that they are playing the long game, and they think that increasing the pool of minority founders

That’s certainly one way to look at it. Another view might be that they are playing the long game, and they think that increasing the pool of minority founders is +++ev for them. This is my personal view. My personal take on this issue is that a big challenge in funding African American tech businesses is that the deal flow starts seeing a bottleneck before many of these potential founders are even college age. This has been discussed on HN before (I will try to find the link and post it in a reply).