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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

#51
post #34
post #19

Some thoughts and questions here. Should we in the tech industry feel obligated to spend energy on these social movements? Are we wrong and selfish to not? Honestly, I'd rather not. I'd rather get technical things done, and let policy makers and influencers focus on those issues. If you're in on something with me, great AWESOME, I honestly don't care who you are. Things like race and gender don't matter to me as long…

It's your choice to ignore it. More precisely, it's your privilege to ignore it. "...how do we as a technical industry even change that when we need to focus..." The point of startups is not blindly attacking the biggest pile of work at hand. It's to find blindspots and exploit them. If every single one of your competitors is systematically undervaluing entire classes of potential workers, dontcha think that just may…

> If every single one of your competitors is systematically undervaluing entire classes of potential workers, dontcha think that just maybe there's an opportunity to be had there?

This is a common line of thought that I find myself having. I suspect it's a common fallacy, although I've never heard a name for it.

I call it "being too clever again by half". The idea that when others zig, I should zag. Or that any status quo structure has inefficiencies.

My reality is that zig/zag concept only works in certain situations. It'd be interesting to think more about the conditions for those situations, because then I could readily identify them.

In this situation, it's possible that your competitors are undervaluing an entire class of workers simply because that class of workers does not have value to them. If there are no technical, talented, black female engineers in the Valley, maybe the market isn't intentionally ignoring them -- it's just unable to find them.

Not to put too fine a point on it, but sometimes the status quo is an efficiency shortcut as well as being efficient.

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

#52

Please change the article title to "A vanishingly small percentage of venture funding has been raised by black women". That is an accurate way of phrasing the facts. The current title is breaking my brain.

Ok, we've used your suggestion. If someone suggests a better (i.e. more accurate and neutral) title, we can change it again.

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

#53
I guess I'm supposed to care? I'm afraid I don't. Nope - don't care.

If the author instead showed how there were all these superb startups led by black women that failed to get funding - I would.

I guess the difference stems from the unshared assumption that if black women represent 6% of US population, they should get 6% of VC funding.

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

#54
post #52

Please change the article title to "A vanishingly small percentage of venture funding has been raised by black women". That is an accurate way of phrasing the facts. The current title is breaking my brain.

Ok, we've used your suggestion. If someone suggests a better (i.e. more accurate and neutral) title, we can change it again.

Thank you. Now if only your editing privileges extended to medium.com ... :)

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

#55
post #52

Earlier quoted context omitted.

Ok, we've used your suggestion. If someone suggests a better (i.e. more accurate and neutral) title, we can change it again.

Thank you. Now if only your editing privileges extended to medium.com ... :)

That would not be good.

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

#56

statistically zero rabbit-founded companies ever received funding. stop discrimination against rabbits now.

You're equating women with non-sentient beings. That's a reductive comparison that doesn't contribute to the discussion.

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

#57
post #53

I guess I'm supposed to care? I'm afraid I don't. Nope - don't care. If the author instead showed how there were all these superb startups led by black women that failed to get funding - I would. I guess the difference stems from the unshared assumption that if black women represent 6% of US population, they should get 6% of VC funding.

You should care if you agree there is discrimination in tech. If you are part of a minority and have never faced discrimination in tech, that might give credibility against such a claim.

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

#58
post #34

Earlier quoted context omitted.

It's your choice to ignore it. More precisely, it's your privilege to ignore it. "...how do we as a technical industry even change that when we need to focus..." The point of startups is not blindly attacking the biggest pile of work at hand. It's to find blindspots and exploit them. If every single one of your competitors is systematically undervaluing entire classes of potential workers, dontcha think that just may…

> If every single one of your competitors is systematically undervaluing entire classes of potential workers, dontcha think that just maybe there's an opportunity to be had there? This is a common line of thought that I find myself having. I suspect it's a common fallacy, although I've never heard a name for it. I call it "being too clever again by half". The idea that when others zig, I should zag. Or that any statu…

Actually, a company called Andela is going to make hundreds of millions off of this inefficiency. It's focused on finding Nigerians who have top 2% IQ globally and teaching them to code. Labor arbitrage. Check them out.

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

#60
post #57
post #53

I guess I'm supposed to care? I'm afraid I don't. Nope - don't care. If the author instead showed how there were all these superb startups led by black women that failed to get funding - I would. I guess the difference stems from the unshared assumption that if black women represent 6% of US population, they should get 6% of VC funding.

You should care if you agree there is discrimination in tech. If you are part of a minority and have never faced discrimination in tech, that might give credibility against such a claim.

I don't agree because I fail to see examples of said discrimination. Maybe it's there - what evidence points to it?

How many black women got 5 on AP CS test?

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