Live data from Hacker News

Why are there so few black tech entrepreneurs?

bbc.com

31–40 of 79 posts

Re: Why are there so few black tech entrepreneurs?

#31
post #7

Generational wealth. Ask yourself why there are so few entrepreneurs—of any race—who can take big risks without a family safety net to fall back on. Now realize that slavery was only two generations ago, Jim Crow / legal segregation ended with this generation, and mass incarceration and systemic racism are ongoing.

And not just generational material wealth, but generational intellectual wealth as well. What % of black people have parents they can go to ask complex financial questions about investing, mortgages, loans, retirement, etc. vs white people? Or even just basic cooking/diet/physical health questions? People vastly underestimate the value of intellectual wealth passed from successful, educated parents to their offspring.

Re: Why are there so few black tech entrepreneurs?

#32

I didn't think about it before but just thinking now - I know more Indian origin tech founders in the US than Black tech founders in the US. I find that a bit surprising suddenly. I'm an Indian who has never been to the US so I can not imagine the ground reality. But it's odd when I think of this. And I follow a good chunk of tech stuff online from various founders.

There are 3 million Indians in the US and 50million Blacks.

But the Indians passed through a strong selection filter from the billion Indians in India, which is both restrictive toward people with low economic potential and permissive to people with high economic potential.

Blacks in the US are like the so-called "backwards" castes in India, with much less opportunity and who aren't coming to the US for grad school and careers.

Re: Why are there so few black tech entrepreneurs?

#34
post #16

Like mentioned in the article, only 13% of Americans are black[0]. Secondly, nearly 30% of that 13% are living in poverty[1]. So really you only have ~8% of Americans who are both black and not in poverty. From there it gets whittled down further for cultural reasons. You could similarly ask "where are there so few white rappers?" or "why are there so few male nurses?" and find cultural reasons and pressures involved…

> Secondly, nearly 30% of that 13% are living in poverty

This is literally all the evidence one needs to see the problem here. Their poverty is the result of decades of discrimination.

> "why are there so few white rappers"

False assumption. White people have pretty good representation in the rap game now, unlike black people in board rooms.

Re: Why are there so few black tech entrepreneurs?

#35
post #16

Like mentioned in the article, only 13% of Americans are black[0]. Secondly, nearly 30% of that 13% are living in poverty[1]. So really you only have ~8% of Americans who are both black and not in poverty. From there it gets whittled down further for cultural reasons. You could similarly ask "where are there so few white rappers?" or "why are there so few male nurses?" and find cultural reasons and pressures involved…

[deleted]

Re: Why are there so few black tech entrepreneurs?

#36
post #6

Tech entrepreneurs come out of IT. In the US, when I was a teenager, blacks kids who were into computers were doing the same things the other people going to computer clubs and whatnot did. Some knew more than a lot of the white kids. As people graduated high school, went to college, got internships and jobs, somewhere along that route a lot of them fell off. Also, I worked at some places with a lower manager that ju…

Also consider that having an arrest record (or worse) (which I think we can finally agree happens to black people -- being arrested for no reason) precludes you from many jobs

Re: Why are there so few black tech entrepreneurs?

#37
post #19

While bias in hiring is certainly an issue, I don’t believe that its the primary factor. Most of this disparity is due to differences in opportunity. Blacks in the US are less likely to have the resources at their disposal to enter our field. They are less likely to have two parents at home, to be able to afford college on their own, to have the familial financial and emotional support system necessary to have the re…

> the only way to solve that problem is the address the root causes: stable families, educational opportunities, easier access to decent wages, and lower housing costs. That first one seems much more difficult than the others. How do you go from pervasive single-parent households to consistent two parent households? You can't simply throw money at the problem and expect the next generation to bootstrap itself into st…

> How do you go from pervasive single-parent households to consistent two parent households?

I can’t. I’m a white dude and completely outside that experience, to the point that I would have to drive more than an hour to get somewhere it’s happening.

I believe cultural is by and large a result, not a root cause. As a society we must identify the causes of the negative culture, work to change those things, wait, and modify our approach based on observation as time goes on.

In terms of concrete ideas I would say:

1: judicial reforms. All else being equal, Blacks receive longer sentences than Whites. Stop that, through any means necessary. For the immediate future, the President and state governors should look for Black offenders in particular that are serving time and grant clemency and pardons as appropriate.

2: legislative reforms. Crimes that are predominately committed by Blacks have harsher prescribed punishments. Cocaine possession versus crack cocaine possession is a great example of this. Mandatory minimums should be significantly reduced or eliminated. We should consider some means of reducing the latitude that judges have for determining sentencing.

3. social support. This doesn’t have to mean the government spending tax dollars - it could, and that could be effective, but I’m sure you can infer from my username that that’s not what I want to happen. The biggest thing here would likely be the people who “made it” staying involved in their local communities. A child who grows up seeing all of the adults around them either struggling to survive in a dead-end job, incarcerated, or actively involved in criminal activity and apparently better off for it has the deck stacked against them.

I live in a poor, rural area. I take every opportunity I get to show kids what I do, how I got here, and what it would take for them to take a similar path. AFAIK, that’s simply not happening in most poor Black communities.

Re: Why are there so few black tech entrepreneurs?

#38
post #31
post #7

Generational wealth. Ask yourself why there are so few entrepreneurs—of any race—who can take big risks without a family safety net to fall back on. Now realize that slavery was only two generations ago, Jim Crow / legal segregation ended with this generation, and mass incarceration and systemic racism are ongoing.

And not just generational material wealth, but generational intellectual wealth as well. What % of black people have parents they can go to ask complex financial questions about investing, mortgages, loans, retirement, etc. vs white people? Or even just basic cooking/diet/physical health questions? People vastly underestimate the value of intellectual wealth passed from successful, educated parents to their offspring…

agreed, cultural and intellectual wealth is far more valuable than material wealth. Take the Jewish people for example, the reason they can go from one place to the other with no material wealth and still come out on top is probably due to their inherited cultural/intellectual wealth.

Re: Why are there so few black tech entrepreneurs?

#39
post #29
post #19

Earlier quoted context omitted.

> the only way to solve that problem is the address the root causes: stable families, educational opportunities, easier access to decent wages, and lower housing costs. That first one seems much more difficult than the others. How do you go from pervasive single-parent households to consistent two parent households? You can't simply throw money at the problem and expect the next generation to bootstrap itself into st…

Truancy: the action of staying away from school without good reason; absenteeism. (Had to google it! Thanks for a new word) Truancy can be dealt with by providing food to the kid at the end of the school day, food meant to be brought home. There are of course arguments against this, e.g., school are not meant for this. Well, schools are not meant to operate with absent students and whatever can fix should be consider…

Some schools do provide food for students' evening meals. I don't have a statistic to provide, but my wife's school is one of them. It's also worth noting that her school is the low socioeconomic school district in our town (out of 3 total).

Re: Why are there so few black tech entrepreneurs?

#40

Earlier quoted context omitted.

Out of curiosity - the 25-year-old white VP seems very specific, so I assume it’s based on a personal experience. When were you able to enter the field, compared to them? Do they have more experience at an earlier age? To be clear, I am in no way arguing or trying to minimize your experiences. I’m looking for holes in my own view of the problem, which I stated in a top-level comment. Based on that I would expect that…

Yes, we have 4 such cases in a relatively small company, all in early to mid 20s. None with any degrees of note nor any prior successes or any prior superchargers (such as McKinsey). This is a specific experience. However, as I see our employees go to other companies, it is fascinating to follow a nice upward stairwell people of non-color follow. Meanwhile, PoC with extensive experience are told, "oh next year, you w…

Unsolicited advice, so take it with a huge grain of salt:

You should leave. You should go somewhere your skills and experience are valued, and you should advise your non-white colleagues to do the same.

How is your social network? I’m also posting using a nominally anonymous username, but if you’d like I’ll set up an email so we can get in contact. My own network isn’t as strong as I’d like it to be, but my employer is hiring and if you’re remotely a good fit for what we do I can at least get you past the initial hiring filters and ensure you’re considered. Let me know.

Post reply on HN