A venture capital firm says it invests in people “pre-idea, pre-team”

Post by littletimmy » Sat, Jun 13, 2015, 3:31 PM UTC

throwaway435232 wrote: post #50

littletimmy wrote: post #46

Earlier quoted context omitted.

What should we do is a really difficult question. It will require a multi-pronged effort, ranging from trying to implement better labor laws to improve parental involvement and reduce stress among the poor, better community health plans to counter poor nutrition, better public schooling through investing in teacher's salaries etc. Maybe after 20 years of doing that we're going to see minorities improve their standard…

Ah, your response is good but very wide and 'systemic', i.e. what society as a whole can do over decades. But in the meantime, VC's are free to make their investment decisions, so I was wondering what you thought they should do differently to make a difference, today. Should it be quotas or minimum investments for people from alternative backgrounds? Or, what can VC's do to help level the playing field? If they recei…

I see your point. Honeslty, there is probably nothing VCs can do to solve this problem. They are but a small snowflake in this avalanche.

Post by krisdol » Mon, Jun 15, 2015, 3:45 PM UTC

throwaway435232 wrote: post #50

littletimmy wrote: post #46

Earlier quoted context omitted.

What should we do is a really difficult question. It will require a multi-pronged effort, ranging from trying to implement better labor laws to improve parental involvement and reduce stress among the poor, better community health plans to counter poor nutrition, better public schooling through investing in teacher's salaries etc. Maybe after 20 years of doing that we're going to see minorities improve their standard…

Ah, your response is good but very wide and 'systemic', i.e. what society as a whole can do over decades. But in the meantime, VC's are free to make their investment decisions, so I was wondering what you thought they should do differently to make a difference, today. Should it be quotas or minimum investments for people from alternative backgrounds? Or, what can VC's do to help level the playing field? If they recei…

I didn't get your rant until this comment thread really showed me what kind discourse you're looking for and how the other poster was being inflammatory. On your side.

Now, on this topic, maybe it would be possible to establish a matching fund (maybe crowd-sourced, angellist style?) that gives some amount of matching funding in order to incentivize those VCs investing in demographic outliers, lowering the potential economic risks to investing in first-time, first-generation founders and non-Stanford/MIT grads.

Re: A venture capital firm says it invests in people “pre-idea, pre-team”

Re: A venture capital firm says it invests in people “pre-idea, pre-team”