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Re:VCs Promised to Help Black Founders – My Experience Shows... by towaytie4567 on Wednesday July 08, 2020 @07:28PM (#23775396)
Why is it that African-Americans (not including Black Africans in this) tend to seek acceptance into White institutions and power structures, instead of building parallel ones? For instance, TiE[1] (The Indus Entrepreneurs) was specifically set up to fund Indian founders. At the time, there was pervasive bias (not that it doesn't exist today) against Indians as being good enough only as rank-and-file engineers, but not as founders or leaders [2]. TiE was instrumental in funding some of the earliest Indian founders many of whom are successful VCs today. They effectively forced the White VC power structure to sit up and take notice. Today, there is a flourishing ecosystem of Indian VCs and founders.

On a related note, as an Indian, I'm envious of what China is doing today - they realized pretty early that the Western world order would never have a place for China as equals. Hence, they began to develop viable alternatives to Western technology and institutions. Those efforts are beginning to bear fruit today. The borderline insanity and paranoia that the West has developed [3] about China is justification enough for those efforts.

[1] https://en.wikipedia.org/wiki/TiE(https://en.wikipedia.org/w... [2] [https://archive.fortune.com/magazines/fortune/fortune_archiv... [3] https://www.bloomberg.com/news/features/2018-10-04/the-big-h...

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