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I personally hate these initiatives because they don't deal with problem at the core. They should have policies that address every fund they manage, not some 1
by timavr 6y ago
I personally hate these initiatives because they don't deal with problem at the core.
They should have policies that address every fund they manage, not some 100m, which is peanuts for them.
I really like how YC does it. Yes, there are problems with YC, but their main program is really good at taking people from different economic/social/racial backgrounds.
Have tonnes of friends from disadvantaged backgrounds and developing countries that got in. I don't understand why every fund can't do it.
- hnhg 6y agoI suspect because it means acknowledging that there isn't particularly special about one's little in-group, and that talent also lies outside of how one identifies. For example, I've heard that good candidates are impossible to find outside of 'good universities', those being the ivy league, etc.
- flyinglizard 6y agoYC also invests in non-profits. There is a strong social/corrective undertone in its investments.
- malandrew 6y agoNot only do they not deal with the problem at the core, these types of well meaning but misguided ideas often end up perpetuating the very problem they are meant to address. So much of the policies from the left on race are examples of the shirky principle in action: https://kk.org/thetechnium/the-shirky-prin/ https://kk.org/thetechnium/the-shirky-prin/ “Institutions will try to preserve the problem to which they are the solution.” — Clay Shirky This is a great article from Shelby Steele, an African-American senior fellow at Stanford's Hoover Institute on the issue: http://archive.is/EXl8N#selection-1951.267-1955.491 http://archive.is/EXl8N#selection-1951.267-1955.491
- truthwhisperer 6y agoit is completely wrong. Investments should be made on possible outcome and the background of the founders is one of them but not the decisive one. but softbank has already lost billions of cash due to the we work debacle. This does not really matter in the end just politcs