3 Ways to Make Tech Diverse, Equitable, and Inclusive in 2020

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Source: Unsplash

TL;DR

How can we make it a DEI tech industry? Approaches can include, but are not limited to:

  1. Increasing the number of underestimated tech talent (also promote, sponsor, and pay well)
  2. Increasing the dollars going into underestimated tech founders and dollars going into companies addressing underserved communities
  3. increasing the number of, and support to, investors who come from underestimated backgrounds

Long Version

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Source: TechCrunch

Here’s how white VC funded startups are:

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Source: RateMyInvestor

Here’s how white VC's are:

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Source: Statista

Why it doesn’t make sense to hold back on a diverse, equitable, and inclusive tech industry

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Source: Forbes

In this post, I share what I’m doing to bring DEI in 2020 and how you can join in on the action, request support on your journey or just keep me accountable. Feel free to scroll to the section that’s of most interest:

  1. Increase underestimated tech talent
  2. Increase dollars going into underestimated tech founders
  3. Increase dollars going into companies addressing underserved communities

At this point, you may be wondering, who are you?

This year, I’m putting my money and time where my mouth is to make tech better for the many, not just the few. If you want to do the same, let me know. It will take all of us (underestimated and allies) to roll-up our sleeves to leave tech better than it is. To quote the values of my former fund, Backstage Capital, “it takes a village” that believes in “success for all” because “diversity is strength.”

What I’ll be doing for DEI in 2020

1. Increase underestimated tech talent

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  • Email me at ltaub@catalyte.io with software developer requests.
  • Look through job postings or take our assessment here for a chance to be invited for a free five-month training course, that if completed successfully, will be accompanied by a guaranteed job offer.
  • To hire me to speak, contact my speaking agent ricky@gravityspeakers.com.

Note: Catalyte prides itself in producing diverse tech talent. Current demographic stats on our developer community includes 36% minority developers and 3x more black developers than average Silicon Valley companies.

2. Increase dollars going into underestimated tech founders

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Notes: NextGen Venture Partners funds early-stage enterprise companies, among others, and has recently launched NextGen Align which is focused on social inclusion companies. Indie.VC investment strategy has led them to more diversity — 50/50 female to male founder-led company ratio and 20%+ underrepresented founders.

3. Increase dollars going into companies addressing underserved communities

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  • To have your company reviewed for investment consideration submit your company here.
  • To refer companies, email me at lolita.taub@gmail.com.
  • If you would like to co-invest, please leave me your details here.
  • To hire me to speak, contact my speaking agent ricky@gravityspeakers.com.

Note: Josh and I are currently in due-diligence and hope to write our first insurtech investment by the end of January.

That’s it. I’m focused on increasing underestimated tech talent, dollars going into underestimated tech founders, and dollars going into companies addressing underserved communities. Join me in the mission to make tech diverse, equitable and inclusive in 2020, request support on your journey or just keep me accountable.

For those of you who just want to be kept in the loop of developments, I will share insights on the journey, results and more on Twitter and in The Lodown newsletter.

About: Lolita Taub is the Chief of Staff at Catalyte, a 2x TEDx speaker and an AI enthusiast, with a venture capital and enterprise tech background. She is also Scout at Indie.vc, an investor at NexGen Venture Partners, an LP at Operator Collective and Portfolia’s Enterprise Fund; and a former VC at Backstage Capital and K Fund. Lolita holds over a decade of enterprise B2B software, hardware, and services sales experience at IBM, Cisco Systems and in Silicon Valley. She has a BA from the University of Southern California and an MBA from the IE Business School. Lolita has been recognized for her work on Forbes, Inc.com, The Huffington Post and Entrepreneur.com among other publications.

Written by

About investing in community-driven cos + supporting our underestimated founder/investor fam. GP @thecommunityvc Scout @lightspeedvp Frmly @backstage

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