people never I’ve come up with the words to describe what’s happening to women and minorities in ventures.Are such founders overlooked or sought after? Underestimated When Underrated? left behind? discriminated against? Or just ignore?
The excuses used to justify these sobriquets are evenly spread out. Women received only 1.9% of all venture capital funds last year because they only build beauty and wellness companies. No proven track record. It’s too early, too risky, and the pipeline is in trouble. Maybe she will get married and have her family and leave her business behind.
We also raised 1% of venture funds because Black founders aren’t pitching enough. They are a minority in the population and therefore deserve minority funding. Their products and markets utilize something only their community can relate to. Not enough traction and not qualified. or, 1 Twitter user wrote, they are not “male, pale, and from Yale.”
Oh yes, that explains it all. Women are too emotional to run a company. A female founder told TechCrunch she heard an investor say she wouldn’t invest in a company founded by a woman.
Men, on the other hand, are not annoying.They are competent and qualified and, as we all know so well, sexist and racist disgusted After the civil rights and third wave feminist movements. Since then, decisions about people of color and women have been based solely on quantitative, provable facts. clearly.
“You can’t say you’re supporting women in tech without supporting your mother.” Founder Suerin Chen
In fact, investor factual due diligence often excludes that women-founded companies generate higher returns than men-founded companies. The rest of the data on venture industry biases is so vague that much of it is difficult to pinpoint. Without transparency, it is difficult to determine exactly how many people of color and women are pitching, and how disproportionate funding these groups really are. It’s difficult to assess.
For one thing, women (especially black women) are more likely than men to start businesses (and continue to build more and more companies), and the idea that there aren’t enough women to invest is simply true. not.