Foundation Capital is taking its commitment to combating racism in the tech industry a step further thanThe Silicon Valley venture firm has organized an online day of action Friday called #JuneteenthVC where partners, firms, and founders can all share theirin the notoriously homogeneous industry. The move comes just days after NVCA, the lobbying group representing many major venture firms, announced Venture Forward, a non-profit arm focused on promoting diversity and inclusion in the industry.
"We've all lived through too many versions of this, in 2016 and otherwise, and we felt like we needed to express those emotions, albeit raw, and begin to put some stakes in the ground around initial imperfect but concrete actions to address them," Vassallo said of the effort. "There's no topic people in tech are more afraid to broach than race," Ngo said. "We don't make progress if we don't talk about it, but it makes them uncomfortable. It makes us uncomfortable. I'm still waiting to see how we will inadvertently get dragged for not doing enough, but it's the right thing to do and it's important to do."
Who needs venture capital when you can get it through sSweat equity
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