Re:VCs Promised to Help Black Founders – My Experience Shows...
by rayiner on Wednesday July 08, 2020 @05:24PM
(#23774400)
I grew up in a wealthy white neighborhood in the 1990s. My neighbor was a Caltech/Stanford grad that needed help building some RF measurement equipment, which I did as a summer job during high school. That evolved into a job programming a driver for spectrum analyzers, which evolved into a job developing software for embedded systems. By the time I graduated college, I had a guaranteed engineering job and a bunch of connections in the field.
There were no black people in my neighborhood. I don’t recall any in my elementary school classes. Thanks to housing segregation—the legacy of redlining—they were elsewhere, in neighborhoods where there were few if any people with Caltech and Stanford degrees. You don’t think that makes a difference?
Re:VCs Promised to Help Black Founders – My Experience Shows...
by s4n1ty on Wednesday July 08, 2020 @05:35PM
(#23774496)
There are unquestionably advantages to growing up wealthy, but that's a question of class, not race.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by bhupy on Wednesday July 08, 2020 @06:06PM
(#23774708)
In this case, it appears as though you can draw a straight line from racial redlining policies to the current status quo elite profession pipeline.
While you're correct that it's a question of class — class is unfortunately downstream of racial policies the long term effects of which we've never quite fixed.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by tptacek on Wednesday July 08, 2020 @07:16PM
(#23775307)
No, the disadvantage is racialized. White households at the 10th, 50th, and 90th percentile of income live in neighborhoods where the median income is a double digits percentile higher than black households at the same income level, and the effect amplifies the lower your household income is.
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Re:VCs Promised to Help Black Founders – My Experience Shows...
by tptacek on Wednesday July 08, 2020 @07:50PM
(#23775547)
The Reardon, Fox, Townsend paper. You can just go read it. If you come back with rebuttals to the paper, I'd appreciate if you'd source them comparably. Thanks!
Re:VCs Promised to Help Black Founders – My Experience Shows...
by PascLeRasc on Wednesday July 08, 2020 @08:02PM
(#23775623)
Please stop responding to every comment asking for a source, it’s incredibly unhelpful. If that’s honestly all you got from this discussion about inequality then I truly feel sorry for you.
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Re:VCs Promised to Help Black Founders – My Experience Shows...
by mrkurt on Wednesday July 08, 2020 @11:54PM
(#23776789)
You read the sourced paper then and your mind has been changed due to new evidence?
Re:VCs Promised to Help Black Founders – My Experience Shows...
by rayiner on Wednesday July 08, 2020 @06:10PM
(#23774747)
Questions of class are questions of race because in America, the median wealth of black households is 1/8 that of white households. Apart from that, even upper middle class black people tend to be excluded from these opportunities because tech entrepreneurs live in upper middle class white neighborhoods instead of upper middle class black neighborhoods. It’s a chicken and egg problem.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by genoapol on Wednesday July 08, 2020 @05:34PM
(#23774487)
I suspect it's being pointed out that racial discrimination doesn't just start at age 30 when applying for a job at Google, it impacts many key points of development and opportunity along the way. Perhaps true support of black founders takes this truth into consideration, especially if a business idea is solid.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by digitaltrees on Wednesday July 08, 2020 @06:20PM
(#23774821)
I am not irate. I am pointing out a lack of seriousness in demanding evidence for a proposition that is obvious on its face. If you don’t see that black people, in America, have deliberately, systematically, and consistently faced discrimination and destruction of their wealth and ability to accumulate wealth it is willful ignorance not thoughtful insistence on fact based reasoning.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by digitaltrees on Wednesday July 08, 2020 @06:22PM
(#23774853)
Red lining was a government sanctioned practice of refusing to underwrite and subsidize mortgages in neighborhoods that had large minority populations.
Why do I need to google and Wikipedia link for you?
You seem irritated by a simple request to support a claim with evidence, which is strange.