We don’t have a diverse, equitable, and inclusive (DEI) tech industry. We need one to serve the market better, take the money that’s being left on the table, and produce outsized returns for all. There’s a lack of dollars going to underestimated founders and companies addressing underserved communities, and a lack of diverse check writers.
How can we make it a DEI tech industry? Approaches can include, but are not limited to:
- Increasing the number of underestimated tech talent (also promote, sponsor, and pay well)
- Increasing the dollars going into underestimated tech founders and dollars going into companies addressing underserved communities
- increasing the number of, and support to, investors who come from underestimated backgrounds
I love tech. It’s inspired me and I’ve grown up in it: corporate, startup, and venture capital, you name it! But there’s so much work to do to make tech more diverse, equitable, and inclusive (DEI). Just take a look at (the lack of) diversity in Silicon Valley. It doesn’t make sense that there is still tech that doesn’t recognize dark skin or has racial bias and that some tech is only made for fair-skinned people. Nor does it make sense that recruiting and much of investing happens based on old tropes and pattern matching or that investors are so homogenous (read white and male). Now is the time to change this.
Here’s how white VC funded startups are:
Here’s how white VC's are: