Five years after efforts to increase diversity in Silicon Valley began, progress has been slow and what some call “diversity fatigue” has set in. Activists are disappointed and tech workers are frustrated that little has been achieved.
The biggest gap in funding is for companies in the idea stage. Given the 2%/20% rule, it is very difficult for major VCs to really pay attention to this segment. It’s not that idea-stage companies never break through, but those that do have a relationship with the VC or come through recommendation
Imagine trying to build a business in a country where 90 percent of the water is undrinkable, electricity only works four hours a day and your travel is restricted to an area four times the size of Manhattan, and where in-person meetings are impossible because your partners can’t enter your country to meet you.
There are a couple of stories in the Heartland Tech newsletter this week that touch on startups looking to expand outside the Bay Area. First, there’s my story on Opendoor adding an engineering office in Atlanta, its first outside of San Francisco. Second, there’s a nice analysis from Crunchbase New…