A Quote by Chamillionaire
The reason why we decided to put the focus on minority and women-funded startups is because this demographic of companies and founders is just underrepresented, they're under-invested in.
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There are two companies that the AI Fund has invested in - Woebot and Landing AI - and the AI Fund has a number of internal teams working on new projects. We usually bring in people as employees, work with them to turn ideas into startups, then have the entrepreneurs go into the startup as founders.
Minority founders often feel like they are on the outside looking in when it comes to Silicon Valley and tech startups in general.
Venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly.
Companies that acquire startups for their intellectual property, teams, or product lines are acquiring startups that are searching for a business model. If they acquire later stage companies who already have users/customers and/or a predictable revenue stream, they are acquiring companies that are executing.
I think there's a reason why some companies have such dismal records. It's not because they're clueless; it's because they systematically don't want to hire women.
I don't know why women would think they would be underrepresented in that 40 per cent, and I do not know why they think they would be underrepresented in that 60 per cent either. Because, any community that has their traditional leader in the area, one would expect that, among the people, they would want to ensure that this committee, that 60%, is properly representative.
There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.
Startups are companies that are still in the process of searching for a business model. Ventures that are further along and executing their business models are no longer startups; they are early-stage companies.
It's actually kind of cool that women have taken to me. Because now I have a whole different demographic when it comes to the audiences. I have women who come out and support my movies, and that is a huge demographic for me, which is great because some actors don't have a female base at all.
If I was going to go into an office I wanted it to be with people I would choose to be around even if we didn't have to work together and so that was one of the major reasons why I decided out of all the different companies we invested in to work with Zappos.
As MBA professors endlessly tell their students, companies do best when they stick to what they do well. There's a reason Apple doesn't make blenders. There's a reason Haagen-Dazs doesn't sell meat. And there's a reason drug companies should focus on saving and improving lives - not jeopardizing them.
Our camps and workshops offer a space where girls of color can learn computer science and coding principles alongside their peers, with mentorship from female role models who have established themselves in tech fields where women, and minority women in particular, tend to be underrepresented.
The usual reason companies are funded or valued on the stock market for not having a current profit is because the investors believe there will be a future profit.
When it comes to diversity, women are still underrepresented in so many different places, but one place we're not underrepresented is we hold a majority of the household income, and we control that.
Life inside successful Web startups - especially the really successful ones - can be nasty, brutish, and short. As companies grow exponentially, egos clash, investors jockey for control, and business complexities rapidly exceed the managerial abilities of the founders.
The stereotypes really play into what kinds of companies women can get funded for.
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