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Assuming that black founders have less of a shot at raising money and women have less of a shot at making money, then it would be obvious that black women have
by wayn3 9y ago
Assuming that black founders have less of a shot at raising money and women have less of a shot at making money, then it would be obvious that black women have even less of a shot at raising money. Mathematically speaking.
I'm not sure whether that bias actually exists, but lets assume that it does.
What this means is really just that you can't be Juicero. Do you want to be Juicero? Being biased against by VC only works against you if you want to be part of the VC lunacy. If you build a real company with actual value, your race won't matter. Maybe a little bit. Maybe even a lot. Maybe you don't get the inflated price some companies get, but raising money is not a competition. You just want to raise the money that you need, not top the Series A olympics.
If you don't view raising money as a competition, you will be fine. You are not a statistic. People make the mistake of viewing themselves as the outcome of a statistic. Statistics don't work that way. If one of those articles says that "only .4% of funded companies have black female founders", that does not imply that "of all the black female founders who apply, only .4% get funded". It just means that there are not many black female founders with VC funding. Could have any number of reasons.
Maybe one of those reasons is that black women have a hard time even getting into a position in life where they would consider trying to raise money. That is a big political and socioeconomic problem, but it is not YOUR problem. Just because there are not many of X, doesn't mean its hard for you to be X. Could be really easy. Do not get discouraged by statistics.
If you build a company that is worth investing in, someone will see it.