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

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

#21

Post by CydeWeys »

aristus wrote: post #17
andrepd wrote: post #10

Earlier quoted context omitted.

The number of black women is 12, not 0. I don't understand what you wish to gain by egregiously twisting the numbers. Yes, it's a low percentage. No, it's not zero.

What do you wish to gain by being painfully pedantic? Black women are 5-6% of the population, but 0.01% of funded founders. That is a rounding error, effectively zero. Why not focus on the actual point of the post instead?

Because the title primed me to expect one thing, and then the post body rapidly contradicted it by providing twelve vetted examples of the class that the title claimed should not exist. My mind does not get over being misled and confused like that easily, especially when the fix to improve it is so trivial (like saying "virtually none" instead of "statistically zero").

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

#22

Post by jfidmemdj »

nolite wrote: post #18
sbierwagen wrote: post #3

Only 12 Black women led startups (yes only 12) have raised $1MM or more in outside funding since 2012. Twelve is now "zero"?

Are you people high? "Statistically" doesn't mean "12 == 0". It means "Effectively zero"

I may be extremely dumb for learning math and statistics incorrectly, but as far as I know, 12 statistically is not 0.

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

#23

Post by aristus »

CydeWeys wrote: post #21
aristus wrote: post #17

Earlier quoted context omitted.

What do you wish to gain by being painfully pedantic? Black women are 5-6% of the population, but 0.01% of funded founders. That is a rounding error, effectively zero. Why not focus on the actual point of the post instead?

Because the title primed me to expect one thing, and then the post body rapidly contradicted it by providing twelve vetted examples of the class that the title claimed should not exist. My mind does not get over being misled and confused like that easily, especially when the fix to improve it is so trivial (like saying "virtually none" instead of "statistically zero").

OK. So... that's you entire comment? That's it? Problem solved?

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

#24

Post by CydeWeys »

aristus wrote: post #23
CydeWeys wrote: post #21

Earlier quoted context omitted.

Because the title primed me to expect one thing, and then the post body rapidly contradicted it by providing twelve vetted examples of the class that the title claimed should not exist. My mind does not get over being misled and confused like that easily, especially when the fix to improve it is so trivial (like saying "virtually none" instead of "statistically zero").

OK. So... that's you entire comment? That's it? Problem solved?

You asked a question and I answered it. What's your deal?

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

#25

Post by muddyrivers »

wmeredith wrote: post #2

Yes, and? Did any try? If so, what happened? If not, why not? I need more information for this to be interesting.

I don't understand why this gets down-voted. Maybe I missed some very subtle tone? I do agree that we need more information.

When I see an article with "statistically" in the title, I want to see some data and some robust analysis, not a PR piece.

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

#26

Post by jfidmemdj »

aristus wrote: post #17
andrepd wrote: post #10

Earlier quoted context omitted.

The number of black women is 12, not 0. I don't understand what you wish to gain by egregiously twisting the numbers. Yes, it's a low percentage. No, it's not zero.

What do you wish to gain by being painfully pedantic? Black women are 5-6% of the population, but 0.01% of funded founders. That is a rounding error, effectively zero. Why not focus on the actual point of the post instead?

Okay, but "effectively zero" != "statistically zero"

The "actual point" of the post is a lie.

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

#27

Post by aristus »

CydeWeys wrote: post #24
aristus wrote: post #23

Earlier quoted context omitted.

OK. So... that's you entire comment? That's it? Problem solved?

You asked a question and I answered it. What's your deal?

The deal is that targeted pedantry like this completely derail the discussion, which is not 12 ≠ 0, but how and why black women are being excluded from tech.

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

#28

Post by IanDrake »

mywittyname wrote: post #6
sbierwagen wrote: post #3

Only 12 Black women led startups (yes only 12) have raised $1MM or more in outside funding since 2012. Twelve is now "zero"?

As we all know, there are lies, damned lies and statistics. So, translation: "I'm intentionally trying to deceive you when I say, NO (Meaning Zero) Black Women Have Raised Venture Funding. Definitely zero, not 12...shutup, math is hard, OK?"

Exactly. Don't be duped by this. If there were 24 black women seeking funding and 12 received funding, then they have a success rate of 50%. Whatever the real value for that figure is would be more telling.

Still, these attempts to slice and dice demographics in order to prove one class is held down for the sake of another is pointless and meaningless. It proves nothing. Attempts to use them to enforce draconian measures to elevate a class in the name of equality could just as easily backfire.

The other day, I saw a FB post from an old acquaintance about how racial economic equality needs to be mandated by law for minorities. To which I replied, "Yeah, Asians and Jews have it rough these days".

Astonishingly I was told Asians and Jews are not minorities (news to me). Apparently, minority is code word for being black (also news to me). To which I responded, "yeah Jay Z really has it rough these days".

Unfortunately, my point was lost on this poor soul. In his attempt to "recognize his white privilege" he fell into the Black == Poor trap and when Black != Poor it's just an anomaly. Sorry, but I call that racist.

The fact that Asians are generally a successful minority in the US has no bearing on a poor Asian person.

We need to elevate all the down trodden. Why do we have arbitrarily slice them by race and gender?

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

#29

Post by aristus »

jfidmemdj wrote: post #26
aristus wrote: post #17

Earlier quoted context omitted.

What do you wish to gain by being painfully pedantic? Black women are 5-6% of the population, but 0.01% of funded founders. That is a rounding error, effectively zero. Why not focus on the actual point of the post instead?

Okay, but "effectively zero" != "statistically zero" The "actual point" of the post is a lie.

So there's no discrimination, the entire post is a lie, because you found a point of math to be pedantic about. Got it.

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

#30

Post by JoeAltmaier »

IanDrake wrote: post #28
mywittyname wrote: post #6

Earlier quoted context omitted.

As we all know, there are lies, damned lies and statistics. So, translation: "I'm intentionally trying to deceive you when I say, NO (Meaning Zero) Black Women Have Raised Venture Funding. Definitely zero, not 12...shutup, math is hard, OK?"

Exactly. Don't be duped by this. If there were 24 black women seeking funding and 12 received funding, then they have a success rate of 50%. Whatever the real value for that figure is would be more telling. Still, these attempts to slice and dice demographics in order to prove one class is held down for the sake of another is pointless and meaningless. It proves nothing. Attempts to use them to enforce draconian meas…

All fine in the philosophy realm. But real programs deal with real people. Different cultures respond differently. So solutions have to recognize race and gender, or they might not work at all.
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