Live data from Hacker News

VCs Promised to Help Black Founders – My Experience Shows a Different Reality

thebolditalic.com

241–250 of 261 posts

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#241
post #211

Earlier quoted context omitted.

Here's a concrete, practical solution: Radical affirmative action. Not radical in the rioting / revolution understanding of the word, but in its application. So, if the issue with systematic racism is such that it endangers the foundational core of American society, it's time to take a big risk: literally pull random people to sit on VC and companies boards, in skilled jobs, etc. (a bit like the Diversity Visa Lotter…

That's sortition, baby!

Indeed. We also use this logic for juries.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#243
post #160

Earlier quoted context omitted.

I feel heartbroken seeing the responses to you and her. I'm a woman, but not a minority. I alter my writing style and my authorial voice every day to be less femme and more "neutral." And these exchanges confirm what I'd feared. It breaks my heart that the first reaction by our community isn't to integrate her lived experience, but to question it. It is to question her being and (implicitly) her right to be in these…

>They're equal partners. Why is one given a courteous reply and the other shown the door? Is it not a good signal that she was able to find and work with a highly qualified co-founder? And build the seed of a good team? Isn't it a famous industry maxim to invest in teams? Her story is a bit inconsistent here. She says that she e-mailed pitch decks from her e-mail and then sent the same message from her husband's acco…

> It also looks like they bought a bunch of fake 5 star reviews at the end of January.

I took a look and yeah it's pretty obvious this is what happened. There are 88 reviews total, and all but three of them occurred in the 7-day period between 26-Jan and 02-Feb, of which all were 5-star reviews.

It seems like this sorry if thing should be easy for Google to flag?

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#244
VCs' duty is to act in the interests of their limited partners, so they have to make investments that they think will generate the highest returns, within the fund's investment mandate.

It may make sense for the activists to apply pressure on the limited partners (many of these being institutions with some social / public angle, such as pension funds, university endowments or sovereign and municipal funds) to demand higher diversity of founders from the venture funds they invest in.

Some large-scale investors have a history of adopting a social or environmental based elements in their investment strategy (for example, Norway's SWF divesting from coal and oil companies) - probably similar moves (but aimed at equal opportunities for all backgrounds) can be demanded from major US based asset management institutions - I don't see why, just to take an example, Harvard's board of trustees can't agree to that - even if that change is not directly aimed at generating the highest return on investment, it may be the right move from the longer term societal development perspective and for the university's brand value.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#245
post #63

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.

I don't think any VC would like to be attached to the app if the author were to be committing fraud under the FTC Act. Not only are the app reviews suspicious, but the testimonial pictures[0] are definitely faked.

[0] https://getbright.app/

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#246
post #119

I don't know how to flag this thread to the mods, but--hey mods, can we lock these comments? It's disheartening to see threads on women/minorities in tech on Hacker News get strong, negative reactions from the community like some of what's written here. I would hope the forum can hold itself to higher standards than what I'm reading here.

You mean you want to be in charge of what people say on the basis of how you feel, instead of on the basis of what's true (or not).

In order for internet communities to thrive, you need to install some sense of "psychological safety." I'm using this term in the same vein that Google uses when they say that psychological safety is the foundation needed to build highly effective, high-performing teams. (It has nothing to do with "safe spaces" and whatnot.)

On this thread, a female founder made the top comment with a personal experience relating to the article, only to get inundated by comments telling her she was wrong (from one commenter in particular). Similar reactions were found to the article itself. Yet someone's lived experience is just that; it's their perspective on their own, true personal experience. Calling perspective "untrue" right off the bat is like a form of internet gaslighting; it stifles open dialogue.

If we want have good conversations online--something that's incredibly hard to do, yes--we need to give space to the people who share their experiences. I'm disheartened because I look to Hacker News for open commentary on issues and problems in the tech industry, and it's sad to see that dialogue overrun with people who just want to tell others they're wrong. If it takes locking a thread to improve the overall conversation, and get back a sense of "psychological safety" needed for those good conversations--so be it.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#247
post #220
post #216

Earlier quoted context omitted.

Absurd. When someone makes a scientific claim it's perfectly reasonable to ask them for the evidence. That's how science works.

You read the sourced paper then and your mind has been changed due to new evidence?

I plan to read it, commenting on HN isn't my full-time job, patience.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#248
post #126

Earlier quoted context omitted.

> Do you see why people are mad? Because it's an extremely hard problem, and it's easier to be abstractly mad and hope someone else solves it, than to come up with concrete practical effective solutions?

Other industries faced similar problems and materially improved representation. Ours steadfastly refuses, and instead comes up with increasingly silly special pleadings. The last CS gender debate I saw devolved to an argument about the behavior of monkeys in laboratories. People saying there isn't a problem in the industry are making an extraordinary claim, and pretending otherwise.

I feel like this problem was easier to solve in other industries. For instance for doctors or lawyers there was a long line of women who wanted to be doctors and lawyers but couldn't because of institutional barriers.

All we had to do was remove the barriers.

Software is harder. I see three places we are losing women. First is women who never even consider the field, the second is women who drop out of car in college, and the third is women who switch fields from cs.

We're losing the most women in the first step in the pipeline and I've tried to convince so many of my girl friends to join software because I work half as much and make twice as much as them. But despite this they all had absolutely no interest in joining. They mostly had two fears. One was they wouldn't be good at it, but overwhelmingly the fear was they wouldn't like it.

The second was women who switch in college. I only know 2 women who started off cs and switched. One switched because she didn't like it. The other switched because she felt intimidated because she was put in a class with people like myself who had years of coding experience in a classroom, summer camps, and as a hobby before our first class in CS.

For the third leak in the pipeline all the women I know who left, left because they didn't enjoy the work. Some because they wanted to feel more connected to their work and people, moving from software to roles like therapist and teacher.

I think it's incredibly important we try to get women into tech. Women those women who would enjoy it lives would be better, consumers would enjoy better software, and our industry would be healthier.

But I think to do that it's important we use identify the right root causes.

I one of which is treating devs like rockstars aka children with specialized skills that need to be managed instead of professionals similar to engineers.

But I don't think sexism plays a big part. It exists,and it should be eliminated, every female dev I've talked to has experienced it. But none of them mentioned it as a reason they were thinking of leaving software.(at the professional level, I think it's more impactful at the college level where you have a bunch of kids who have no idea how to talk to women, and peer groups are more influential). But all my friends who are doctors and lawyers also experienced sexism, and in most cases far worse than the devs.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#249

Earlier quoted context omitted.

Other industries faced similar problems and materially improved representation. Ours steadfastly refuses, and instead comes up with increasingly silly special pleadings. The last CS gender debate I saw devolved to an argument about the behavior of monkeys in laboratories. People saying there isn't a problem in the industry are making an extraordinary claim, and pretending otherwise.

I feel like this problem was easier to solve in other industries. For instance for doctors or lawyers there was a long line of women who wanted to be doctors and lawyers but couldn't because of institutional barriers. All we had to do was remove the barriers. Software is harder. I see three places we are losing women. First is women who never even consider the field, the second is women who drop out of car in college…

Repeating myself here: I believe the solution to this will be iterated, and will require work both on the supply and on the demand side; it's in part a coordination problem. Industry will need to put in a big lift without immediate significant returns, because otherwise there's little incentive for the pipeline to correct itself. Correcting generations of obstacles to participation isn't easy.

Re: VCs Promised to Help Black Founders – My Experience Shows a Different Reality

#250
post #63

Earlier quoted context omitted.

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.

I don't think any VC would like to be attached to the app if the author were to be committing fraud under the FTC Act. Not only are the app reviews suspicious, but the testimonial pictures[0] are definitely faked. [0] https://getbright.app/

I thought this unlikely but doing a quick look

This:

https://reductress.com/post/the-best-haircuts-for-what-youve...

is very close to the person (Sonya) on get bright's testimonials.

https://getbright.app/wp-content/uploads/2020/05/testimonial...

It could be the same Sonya just doing other things (hair shots etc) of course so not certain they are fake testimonial photos but certainly weird.

Post reply on HN