Monday, June 5, 2017

The Key to Diversity in Tech? Diverse Investors, says New York-based Social Impact VC - FORBES

by Mark Hunckler
Originally published: June 2, 2017

The verdict is in: diversity in tech is good for everyone . Diverse teams create products that satisfy a diverse consumer base, which translates to more revenue. But despite tech giants like Google and Intel pledging hundreds of millions of dollars toward diversifying talent , we haven’t seen significant changes in the number of women and underrepresented minorities in tech.

Industry reformers have rightly placed much of their emphasis on challenging cultures that undervalue women, people of color and individuals from nontraditional professional backgrounds. However, one often ignored tactic for encouraging diversity among tech founders and employees is to encourage diversity among the investors.

“Diverse investors are going to look to fund people like them or with their type of background,” said Heather Hartnett, CEO and founding partner of New York-based Human Ventures.