Re:SoftBank launches $100m minorities startup fund
by malandrew on Thursday June 04, 2020 @03:03AM
(#23413510)
Not only do they not deal with the problem at the core, these types of well meaning but misguided ideas often end up perpetuating the very problem they are meant to address.
So much of the policies from the left on race are examples of the shirky principle in action:
https://kk.org/thetechnium/the-shirky-prin/
“Institutions will try to preserve the problem to which they are the solution.” — Clay Shirky
This is a great article from Shelby Steele, an African-American senior fellow at Stanford's Hoover Institute on the issue:
Re:SoftBank launches $100m minorities startup fund
by hnhg on Thursday June 04, 2020 @02:51AM
(#23413417)
I suspect because it means acknowledging that there isn't particularly special about one's little in-group, and that talent also lies outside of how one identifies. For example, I've heard that good candidates are impossible to find outside of 'good universities', those being the ivy league, etc.
Re:SoftBank launches $100m minorities startup fund
by flyinglizard on Thursday June 04, 2020 @02:56AM
(#23413458)
YC also invests in non-profits. There is a strong social/corrective undertone in its investments.
They should have policies that address every fund they manage, not some 100m, which is peanuts for them.
I really like how YC does it. Yes, there are problems with YC, but their main program is really good at taking people from different economic/social/racial backgrounds.
Have tonnes of friends from disadvantaged backgrounds and developing countries that got in. I don't understand why every fund can't do it.