Precursor's Hudson: Venture firms can take fast steps to address race - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

One of Silicon Valley's few black VCs has some advice for the industry on how it can quickly start addressing its lack of diversity

Precursor highlights its diverse group of founders

Other firms could copy that strategy, if they've invested in minority founders. And they probably should, if they really want to invest in startups led by more diverse teams, he said. But many people of color simply don't have those networks of contacts who can introduce or recommend them to venture investors, Hudson said. So what he's tried to do instead is to be open to and to read and to respond to entrepreneurs who email him cold, without any kind of introduction or referral. He and his team don't respond to every message that comes in, but they try, he said.

"I don't understand why as an industry we've been hung up on a really specific profile," Hudson said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Easy, favor diversity hires over meritocracy hires Why do things the sensible way when you can look socially sensible instead

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Precursor's Hudson: The venture industry has a systemic race problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Let's hope so but we see anybody drafting legislations, do you?... 🤔 There is no “systemic racism” in America.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here are the 4 steps Amazon took to become an AI leader - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Menlo Ventures-backed Credit Sesame laid off 14% of its workforce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Related and Oxford offer Neiman Marcus's Hudson Yards store as offices - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That was doomed from the start...wayyyyyy before coronavirus that made no sense -they tried to get out of it but couldn’t -so sad NeimanMarcus Neiman Marcus refused to start marketing to younger demographic on social platforms. This is 100% their fault. Did it ever open?
Source: BusinessInsider - 🏆 729. / 51 Read more »