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A few comments: - To answer your question directly, if the numbers in the article are accurate, black women were disproportionately more funded per black femal
by csa 10y ago
A few comments:
- To answer your question directly, if the numbers in the article are accurate, black women were disproportionately more funded per black female founder. The overall numbers are very low (i.e., relatively few black female founders overall), so I personally wouldn't draw any conclusions from this data since it is too easy to skew.
- Getting funding in general is hard. If a black female founder doesn't get funding, it probably has more to do with their idea or team than with anything else. Said another way, the same idea with founders of different race/sex will only very rarely change the outcome.
- Is it with the effort to pursue VC funding period (irrespective of being a black female)? Most ideas that people have simply don't scale to levels that will be interesting to VCs. Additionally, even if the idea has the potential to scale, it has to scale in the right way (i.e., on a VC timeline).
- I'm curious about why you believe anything in TC or Wired. They are in the business of selling clicks, and most businesses like this are quick and dirty with numbers and/or conclusions. I would weight these about zero in my decision about whether to pursue VC funding or not.
- Social capital goes a long way in VC funding. While there are certainly some people who will exclude because of a founder's blackness or womanness, there are many others who won't. I suggest getting close to some VC-funded founders somehow (social hack this). Private conversations with these folks will get you much more valuable and actionable information than a TC article or a post on HN.
- HN's (and Stripe's) own patio11 makes a point of being willing to meet young entrepreneurs to talk about these types of matters. This guy has well-informed opinions. Even if you disagree with some of his conclusions, you will at least have some great information to act on. Searching for patio11 and kalzumeus will point to a way to reach him.
- I suggest reading all of Paul Graham's essays. Short summary for founders: talk to your customers and iterate your product.
- I also suggest you read Michael O'Church's essays about VC culture on the way back machine. Sometimes they come off as being a bit shrill, but those essays provide a lot of valuable (and imho often accurate) insights about the dysfunction of certain parts of VC culture.
I hope this helps.