Diversity Should Be #1 for Good Reason
gothamgal.com
Diversity Should Be #1 for Good Reason
1–10 of 12 posts
Re: Diversity Should Be #1 for Good Reason
#2"If every investor would make it a non-negotiable term that the companies they invest in must make diversity a priority, the results would be huge. It might not be easy to do, but it can be done."
That's pretty brutal. Don't investors have enough power in the relationship that they need to start dictating stuff like this and further filtering down who they will give money to?
"This is what I tell every woman founder I know who is in a relationship or married and who wants to have children: just do it and do it now."
She is very wealthy and so is her husband (Fred Wilson). I think it's a bit tone deaf for her to just give such stark life advice as if it's that easy for 99% of the population.
Re: Diversity Should Be #1 for Good Reason
#3Idk what it is but the NYU ITP program just cranks out some great technology thinkers. And lots of them are women.
Re: Diversity Should Be #1 for Good Reason
#4"We shouldn’t be looking at changing the ratio of women entrepreneurs because it is a buzzword of this moment, or because it looks good—but because financially, it works." source needed
Re: Diversity Should Be #1 for Good Reason
#5Can this constant stream of unsubstantiated propaganda stop?
What is the next step? Install loudspeakers at every street corner [1] so one cannot escape the propaganda at all?
[1] Implemented in China at some point in history.
Re: Diversity Should Be #1 for Good Reason
#6I think judging peeps by their gender, skin colour, and sexual orientation is immoral and inefficient to boot. Should I send myself to the gulags now?
Re: Diversity Should Be #1 for Good Reason
#7if diversity is good for America, why don’t those same people call for Americans to be able to live and work in Africa, Asia, and South America? Why are they not calling for a minimum percentage of white people on boards of companies there?
It seems like diversity = less white males.
White males have brought our species this far. We enjoy living in an advanced and free society. Why avoid hiring purely on merit?
What about diversity in the migrant intake? 76% of H1B visas go to Indians - majority males. Why not set a diversity quota starting there? (Eg 60% of visas must go to women, no one country can have any more than 5% of visas.)
Re: Diversity Should Be #1 for Good Reason
#8The diversity efforts of business is all about the ego. To me it looks like insecurity. A fear that women are or appear inferior necessitates action to prove that isn't the case, even to the point of giving them an unusual benefit of the doubt to help increase their representation. No doubt, if 0 women are participating entrepreneurs, there is probably a lot of untapped potential. The idea should be to unblock women and not to throw them into the fire in order to get a metric up.
Any smart business will ignore diversity in an effort to maximize the bottom line, because skin color and genitals of the CEO do nothing for an ad agency or a customer trying to purchase a smart phone app.
Re: Diversity Should Be #1 for Good Reason
#9"If every investor would make it a non-negotiable term that the companies they invest in must make diversity a priority, the results would be huge. It might not be easy to do, but it can be done." That's pretty brutal. Don't investors have enough power in the relationship that they need to start dictating stuff like this and further filtering down who they will give money to? "This is what I tell every woman founder…
> > "If every investor..."
This is already a thing, and it is starting to look like an incredibly bad idea. Well over a year ago I had lunch with my financial advisor and he tried to sell me on a portfolio balanced on some kind of social responsibility metric (female board member ratio, carbon credits, etc). At the time I thought it was just a new way to separate morons from their money, but now I'm starting to think that the US markets are setting themselves up for a fungibility attack. I remember, many years ago, the debate on bitcoin tainting - keeping a register of illegally obtained coins (and leaf transactions) and refusing to accept them. That is obviously an attack on the utility of the currency - a unit of value.
So what is the metric here, what is the new unit of value? The best case outcome is a Tower of Babel pandemonium, worst case is an irreversible further consolidation of kingmaking power.
Re: Diversity Should Be #1 for Good Reason
#10If diversity results in such a benefit, if it "financially works", then why is there a need for this artificial injection of diversity? And where's the data to support this?
If you created a renewable fuel source that cost half of what traditional fuel does, you'd own the market in a heartbeat. You wouldn't need campaigns to convince people to save 100 a month. So why do we need to convince people that diversity is a good idea? You can only blame the big bad white man for so much.