Articles like this really make me aware that men and women like Ellen Pao and her former partners live in a separate parallel world: three degrees, $10 million golden parachutes, private jet flights to ski resorts, affairs with a creepy married co-worker in Germany, machismo-driven muscling for VC connections, bisexual finance wizards who kickstart an Ivy-League LGBT program, dominance games over which chair an exec…
Yeah, that really struck me as well. I've been in tech for close to 20 years now. I get paid pretty well compared to the national average pay, and globally speaking it's off the charts. But the figures and activities mentioned there are completely alien to me. This is the (a?) world of high finance and I can't relate to it. I've seen a lot of casual and systemic sexism in the tech industry, in the trenches and at the…
VC Cash influences power dynamics between tech companies very very heavily. If you're not in SV and chose to get funding elsewhere and are successful, safe bet that an SV competitor of yours will get better funding than you and eat up some of your potential market size. Each big firm will fund one top competitor in the space and let them duke it out, so how long will you last without their funding? Odds are high there are many companies with diverse founders and superior products who lost the battle to a competitor funded by one of these VCs. If top VC firms don't have strong female and diverse partners, they don't see the value in businesses that serve female and diverse markets as well.