61–70 of 261 posts
VCs shouldn’t be the gatekeepers to capital. The game is rigged. Who gets funding is decided by arbitrary metrics, inherent biases, and already established networks. Personally I’m planning on bootstrapping my own business and don’t plan on asking a VC for a hand.
VCs shouldn’t be the gatekeepers to capital. The game is rigged. Who gets funding is decided by arbitrary metrics, inherent biases, and already established networks. Personally I’m planning on bootstrapping my own business and don’t plan on asking a VC for a hand.
Of course they should. Investors have every right to choose where to invest however they want, it's their money and nobody is entitled to it.
This post would be a lot more persuasive with the pitch deck, or some growth numbers, or something indicating the app is in fact on a success track and is the type of app that is potentially VC scale. I found no mentions on reddit. On google there is a single review on Capterra, no other results. The Canadian ios app has no reviews, can’t check US on my phone. The Google play version has 88 reviews, but all but 3-4 o…
The US reviews are very peculiar: https://apps.apple.com/us/app/the-bright-app/id1471800945?ls... 101 ratings with all but two being 5-stars. I hesitate to say that the positive reviews are largely fake, but it sure seems like it. Broken English and vague praise for the app characterize most of the reviews. For example: "My friend recommended to me for experiencing this app. At the fist time, I didn't know this appli…
She asks why her husband gets more of a response (a sign of the racism she is facing). - Her linkedin doesn't show what her major was as an undergrad. - After 4 years of working she was a powerlifting coach. - Then boom, in 2017/2018 she is an owner of two gyms and in 2019 she is trying to get benchmark to invest in her app. Her Husband: Google Engineer Masters in CS from Berkeley / Undergrad in CS Started companies…
2. If the dynamic she describes existed her whole life wouldn’t it make sense that she has had a harder time building the LinkedIn profile and credentials her husband did? Not to take away from his accomplishment, he clearly worked hard and is talented, but one can’t take advantage of opportunities if they are not available by systematic design whether implicit or intentional.
Earlier quoted context omitted.
Traction etc don't matter to the point she's making. Her husband sent the same info as her and got response. She got radio silence. That's the point. Not whether or not the content was good.
Except that her experiment changed three variables: her husband is male and Asian and an ex-Google engineer, while she is none of those. So it's not possible to draw the conclusion that the difference in response comes only from race. (To be clear, I personally believe that race & gender do have an impact in the response from VCs, I just don't think her experience proves it.)
VCs shouldn’t be the gatekeepers to capital. The game is rigged. Who gets funding is decided by arbitrary metrics, inherent biases, and already established networks. Personally I’m planning on bootstrapping my own business and don’t plan on asking a VC for a hand.
If it's their private capital, why shouldn't they be their own gatekeepers?
The author of this article cites as evidence of racism higher response to her husband's solicitations of VCs than her own. However, comparing their resumés, its pretty easy to see that this is unlikely to be attributable to racism. Husband has founded multiple start-ups that were acquired, is technical, and worked at Google and YouTube. Meanwhile, the author has personal trainer and gym owner as experience.
I think the larger point the author was trying to make was don't give lip service to specifically going out of your way to try and help Black founders if you're still going to use the exact same credentialing signals you always do: track record where someone has worked, name brand of their school, etc. One might argue that without the special consideration these VC's rushed to say they would give, how would someone l…
I think that's the mistake all these companies are making. They need to make it clear if it's their intent to help black founders, provided, all other things are equal / held constant.
That is if two people have the same or similar background and qualifications but they just happened to be different race then to not always pick the white guy cause, hey, we look alike or belonged to the same frat.
It should leave no room for interpretation as: "hey, you're black, let me throw some money at you cause you happen to be black."
Earlier quoted context omitted.
But if there are hurdles to black women getting hired at places like Google, isn’t your explanation just passing the buck? People aren’t happy with the status quo, where one of our most important and creative industries is nearly devoid of people who make up more than 1 in 10 Americans. In view of that, I don’t think it passes muster to say that “we don’t discriminate against black women, we just look for Founders in…
> But if there are hurdles to black women getting hired at places like Google, isn’t your explanation just passing the buck? What is the evidence that there are hurdles for black women getting hired at Google? For example, does their representation differ significantly from, say, the rate at which they graduate with CS degrees?
She asks why her husband gets more of a response (a sign of the racism she is facing). - Her linkedin doesn't show what her major was as an undergrad. - After 4 years of working she was a powerlifting coach. - Then boom, in 2017/2018 she is an owner of two gyms and in 2019 she is trying to get benchmark to invest in her app. Her Husband: Google Engineer Masters in CS from Berkeley / Undergrad in CS Started companies…
>Her Husband: Would like to give this guy some truth serum and see what his honest opinion of the app was and if it should have been funded.
Earlier quoted context omitted.
The US reviews are very peculiar: https://apps.apple.com/us/app/the-bright-app/id1471800945?ls... 101 ratings with all but two being 5-stars. I hesitate to say that the positive reviews are largely fake, but it sure seems like it. Broken English and vague praise for the app characterize most of the reviews. For example: "My friend recommended to me for experiencing this app. At the fist time, I didn't know this appli…
Let's just refrain from going too far with any ambiguous quips at the product. I dont think anyone is going to gain from that.