Debunking the myths about VCs not funding diversified startups • TechCrunch

People can never He landed on a speech to explain what is happening to women and minorities within the project. Are such founders overlooked or just under-bought? belittle And underrepresented? Marginalized? Discrimination against? Or just ignore?

The excuses used to justify these epithets are evenly scattered. Only women received 1.9% of the total investment capital money last year because it’s just building beauty and wellness businesses; There is a lack of a proven track record; It is still very early, it is very risky, and there is a problem with the pipeline. Perhaps you will marry, have a family, and leave work behind.

And the black founders grew up 1% of risk money Because there are not enough of them in promotion. they are a minority of the population and therefore entitled to a minority of funds; Their products and markets are profiting from something Only their community can relate to not enough attraction, they are unqualified; or, like 1 Twitter user They are not “male, pale and Yale,” they wrote.

Ah, yeah, that explains it all. Women are very emotional to run companies. One organization told TechCrunch that she heard an investor say he wouldn’t invest in a company founded by women because “it was annoying.”

Guys, on the other hand, aren’t annoying. They are competent, qualified, and, as we well know, sexist and racist Poof went After the civil rights and feminist movements of the third wave. Since then, decisions about people of color and women have been based solely on quantitative, proven facts. clearly.

“You can’t say you support women in tech without supporting moms.” Suylin Chen, Founder

In fact, fact-based due diligence on the part of investors often ignores companies founded by women It has higher returns of those founded by males. The rest of the data on bias in the adventure industry is so hazy that it’s hard to rule out much of it. Without transparency, it’s hard to say how many people of color and women are promoting, which makes it difficult to assess how disproportionately funded these groups really are. However, there is a way to separate some common misconceptions.

For one, women (Especially black women) be more likeable to start a business of men (f Conquest continues in increasing amounts), which means that the idea that there aren’t enough women to invest in is simply not true.

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