Silicon Valley has its own long-standing systemic racial problem - Business Insider

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Silicon Valley billionaires are lining up to condemn racism. But the tech and VC industry has a shameful, decades-long history of ignoring and perpetuating inequality.

In memos to employees and public social media posts, Silicon Valley leaders voiced support for the call for social justice in the wake of the death of George Floyd in Minneapolis.

The venture capital and startup ecosystem is particularly lacking in diversity; just 4% of all venture firm employees and just 1% of all founders of venture-backed startups are black. These declarations — as impassioned and righteous as they are — ring a bit hollow. You see, for literally decades the tech industry has done little to address a systemic racial injustice that's much closer to home. More than 20 years after theto highlight the lack of diversity in tech boardrooms and campuses, black and Latino people are still a rarity in the tech industry.

The company has done only a slightly better job at employing Latinos. They comprised 7% of its leadership ranks and 8% of its tech workers, up 1 percentage point each from 2014.Blacks comprised just 3.7% of Alphabet's employeessent out a memo to employees pledging to match their donations

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techinsider It will be interesting to see how long this narrative will last and if it will have a real change effect.

They’ll do anything for money, condemning racism’s kinda cute

techinsider 🤫🤫🤫🤫

techinsider They are all white mens -

Hypocrites who wont let any opportunity pass to PR and cash in.

It's not inequality, Mr. Obama became president because he deserve that. If someone deserve the opportunity, you'll get it. A lot of people using this protest to get promotion without working hard or by earning it. They just want it for free!!

LOTS OF NEGROES IN THE PHOTO. NO RACISM

LOL, virtue signalling. Do something real, hire more people in Atlanta versus spending tons to try to get minorities to move to evil expensive techie dork meccas that only people with rich parents can risk and afford to move to.

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