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A vanishingly small percentage of venture funding has been raised by black women

45 pointsby tobiaswrightover 9 years ago

13 comments

mc32over 9 years ago
It&#x27;s the social graph. If the mainstream does not notice, do what countless immigrant groups have done in countries the world over, group together form your own interest group and serve your group. You also see this behavior with industry groups, or worker groups. Content producers group, telecoms group, so they can advance themselves and self interest.<p>Why do Nigerians do relatively well, they&#x27;ll find other Nigerians, help each other and steadily climb. Or Russians or Chinese immigrants, etc. Help from the mainstream helps, and it&#x27;d be good to get even footing, but lacking that, create a self interest group. It&#x27;s not as though there are no rich people who are minorities who are also interested in investing in startups. Pursue the issue in a multi pronged fashion. Don&#x27;t count on anyone in particular.
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sbierwagenover 9 years ago
<p><pre><code> Only 12 Black women led startups (yes only 12) have raised $1MM or more in outside funding since 2012. </code></pre> Twelve is now &quot;zero&quot;?
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rambosover 9 years ago
Some thoughts and questions here.<p>Should we in the tech industry feel obligated to spend energy on these social movements? Are we wrong and selfish to not?<p>Honestly, I&#x27;d rather not. I&#x27;d rather get technical things done, and let policy makers and influencers focus on those issues. If you&#x27;re in on something with me, great AWESOME, I honestly don&#x27;t care who you are. Things like race and gender don&#x27;t matter to me as long as you can get work done. However, I do understand that being able to get work done in this industry is stemmed from a privileged advantage. -- Yes that sucks and is unfair, but how do we as a technical industry even change that when we need to focus on getting work done?
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Lawtonfogleover 9 years ago
&gt;DID found that even the WORST Startups led by white males raise more than the Best Startups led by Black Women.<p>This was big and in bold, but I didn&#x27;t see any links to how they calculated this. Anyone else see how they found this?
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CydeWeysover 9 years ago
Please change the article title to &quot;A vanishingly small percentage of venture funding has been raised by black women&quot;. That is an accurate way of phrasing the facts. The current title is breaking my brain.
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colmvpover 9 years ago
I know that the narrative is that there isn&#x27;t diversity in tech, but I&#x27;m curious about the numbers of Asians who managed to get funding for their startups.
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kelukelugamesover 9 years ago
I clicked around and couldn&#x27;t find the actual report. I want to read that instead of an infographic or blog post. Does anyone have a link to the report?
tobiaswrightover 9 years ago
Here&#x27;s a little more background on projectdiane for those that are interested: <a href="https:&#x2F;&#x2F;medium.com&#x2F;@KathrynFinney&#x2F;projectdiane-breaking-tech-s-diversity-catch-22-d06555ea2e52#.f5oxi85xo" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;@KathrynFinney&#x2F;projectdiane-breaking-tech...</a>
wmeredithover 9 years ago
Yes, and? Did any try? If so, what happened? If not, why not? I need more information for this to be interesting.
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timwaaghover 9 years ago
statistically zero rabbit-founded companies ever received funding. stop discrimination against rabbits now.
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andrepdover 9 years ago
I don&#x27;t think that is a problem with venture funding in itself, more a symptom of deeper underlying problems.
sharemywinover 9 years ago
it&#x27;s not what you know, but who you know. or as they say in SV it&#x27;s no the idea but execution.
omonraover 9 years ago
I guess I&#x27;m supposed to care? I&#x27;m afraid I don&#x27;t. Nope - don&#x27;t care.<p>If the author instead showed how there were all these superb startups led by black women that failed to get funding - I would.<p>I guess the difference stems from the unshared assumption that if black women represent 6% of US population, they should get 6% of VC funding.
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