3 ms·
1. YC doesn't publish numbers on economic diversity and I'm not aware of any special attempts at funding people from poor backgrounds. 2. VCs make money and ra
by staunch 11y ago
1. YC doesn't publish numbers on economic diversity and I'm not aware of any special attempts at funding people from poor backgrounds.
2. VCs make money and raise funds by getting higher valuations. VCs in later rounds will value companies with elite founders at higher numbers, and are more likely to fund them in the first place. VCs also can't be as easily blamed when elite founders fail, so they're a safer bet, etc.
- vayeate 11y agoThey recently started having office hours specifically for minority groups, and they seem pretty attentive to stuff like this, but I haven't really seen money-where-your-mouth-is action either.
- deleted 11y ago[deleted]
- AnimalMuppet 11y ago> YC doesn't publish numbers on economic diversity and I'm not aware of any special attempts at funding people from poor backgrounds. Well, I know they are making efforts toward female founders, but I suppose you can argue that they could be of "the right class" as well. I presume that YC looks at different socioeconomic backgrounds, not just gender, but I can't prove it at the moment. > VCs in later rounds will value companies with elite founders at higher numbers Citation needed.
- deleted 11y ago[deleted]