Stefan Repin
I help identify a reliable route to market with b2b clients | Account-Based Marketing expert | B2B Demand Generation for Regulated Markets
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June 24, 2020
Stories how VC’s from Silicon Valley struggle with the lack of adversity 👏🏿👐🏾🙌🏽👐🏻🤛
1️⃣When Matt Joseph was raising money a few years ago for a startup he founded, Locent, a venture capitalist asked Joseph, who is black, if he had considered creating a record label instead of a tech company.
👥In a different pitch meeting, a group of investors told Joseph he reminded them of Barack Obama and suggested he get into politics—a comment he felt was “racist and insulting,” even though he thinks they intended it as a compliment.
3️⃣“No one wants a hand out,” said Ben Davis, founder of the software company Phizzle. “We want a seat at the table.” Davis compared donation-advisory funds like Andreessen Horowitz’s to a seat at “the little kid’s table. It’s donations.”
4️⃣Some black founders, such as Rodney Williams, say they would prefer to talk less about race in the Silicon Valley startup scene and more about their companies. Williams, who has founded a microloan startup, SoLo Funds, believes that good startups founded by black entrepreneurs can get funding.
🤔Many black entrepreneurs say they have felt belittled when pitching their businesses to groups of tech investors.
#equality
#vc
#venture capital
June 24, 2020
