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If maximum returns meant picking people based on race, they’d do it. If it doesn’t, they’ll announce that they’re picking people based on race as a good-will mo
by fiblye 6y ago
If maximum returns meant picking people based on race, they’d do it. If it doesn’t, they’ll announce that they’re picking people based on race as a good-will move. They’re probably not burning money with this decision, but they’d probably make more if they picked based on some other metric. The PR is the important thing here, which is why they’re making a point of announcing it to the world.
- malandrew 6y agoYeah. I wasn't disputing what you're saying. I'm just disputing the point I was replying to where they talked about getting returns. That thesis makes sense in some markets such as lifestyle products and services catering to a market segment. Fashion and entertainment are a perfect examples. In the context of technology however, there's nothing about building the next platform as a service for example that would lend itself to be more successful if it were built by a specific demographic. If that were the case, investors would already be chasing those opportunities.