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I would love to see the numbers of bootstrapped companies run/founded by women vs. those recieving investments. Until there are more women VC's, you're not goi
by bbarn 12y ago
I would love to see the numbers of bootstrapped companies run/founded by women vs. those recieving investments. Until there are more women VC's, you're not going to see more women getting VC money. Why? Because purely evaluating a potential fundee on metrics alone will fail. VC's that use too much math and not enough "gut" will finance the wrong companies.
The problem with that is, all the dudes got all the money, and human tendency is to think highly of things we most identify with. ergo, dude investors are more willing to go out on a limb on an idea if they can identify with the person giving it (currently, lots of white males). It's unfortunate, but it's not purely inequality, it's just a sad fact of human nature that we seek what's most alike us.
It takes a particularly well educated, and self-understanding individual to look past emotional bias. The problem then becomes that others around them don't necessarily have that skill, so there becomes a cascading effect of lack of belief in something. (be that other investors, potential clients, or even quality employees) In effect, our prejudices create the successes on a larger scale that seed the next generation (of VC's, not generations of people) that's making the same emotional decisions.
I don't have a solution. Maybe it's screaming about inequality, as some do, maybe it's succeeding in spite of it. I don't deny it's existence, but I just can't figure out how to change it.
I think it just has to come down to each person realizing it in themselves and changing it. For me it was in round 4343239534 of potential front end developers, when a dorky looking hipster girl came in, and I realized half-way through her interview I had already set her up for failure because I'd assumed she was a poser. It took her being beyond great at what she did to make me realize that in myself, and let me tell you, that's an awful, awful feeling to have. When you're sitting there thinking you're a good person, fair to people, and realize you've made such a sweeping - and wrong - assumption about some one else because of their sex, race, lifestyle, whatever, it's really damn hard to accept it. I can completely see how people let themselves continue to ignore that little nudge in the back of their mind. It's not easy to change the way you think.
TL;DR - Fucking sucks, and it's really hard to change, but it exists.