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Huh. Looking at the headline, I had thought that this would mean, "we'll fund your startup, if you agree to meet these diversity hiring targets." But if I'm r
by Taikonerd 6y ago
Huh. Looking at the headline, I had thought that this would mean, "we'll fund your startup, if you agree to meet these diversity hiring targets." But if I'm reading the article correctly, it actually means, "we, the VCs, will try to have more diversity among the people writing the checks."
- pmiller2 6y agoOf the handful of comments currently posted, yours is the only one that shows evidence of actually having read the article. Personally, I think it's a good thing that VC funds are trying to include people from underrepresented groups into their club. At least, I hope that's what they're doing, because all this "best effort" language basically means they're not really obligated to do anything.
- Eridrus 6y agoTo be a bit more cynical it seems to be saying something closer to "we want to look upstanding, so please go do the work for us because we couldn't diversify our own firm"
- Nasrudith 6y agoThe real beneficiary is that they will reap the benefits from the success but well, VCs are either well off already or reckless. It may technically sway the statistics of the upper ends distribution ans shows it isn't a defacto ethnic segregation but means about as much as Queen Victoria to the status of women. Technically a good thing but not very relevant to most of the minority.