Here’s how to get more VC funding to startups outside of NYC, Silicon Valley, and Boston

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Major tech hubs are where 75% of venture capital funding goes. That needs to change, say Steve Case and Amy Klobuchar. New York City, Silicon Valley, and the Boston area are where 75% of venture capital funding goes, but as a new generation of internet companies gestates, and as the COVID-19 pandemic reshapes America’s working landscape, that’s poised to change. Read Full Story

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By ignoring this community, venture capitalists are missing out

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As a Latina investor, I’ve seen how young Latinx people and their sensibilities are overlooked by brands. But it’s time for VCs to pay attention. It’s quite clear the world of venture capital has a diversity problem: Founders of color within the U.S. receive the short end of the stick when it comes to amassing venture dollars. The current VC climate is so dire that there are only 105 entrepreneurs of color who have raised at least $1 million. A big part of the issue is just how white and male the venture community remains. When a homogeneous group of investors controls most of the $ 136.5 billion that are invested annually, the consequences are felt beyond Silicon Valley. Read Full Story

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How corporate venture capital could close the gender gap for entrepreneurs

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Pipeline Equity’s founder and Accenture Venture’s Open Innovation lead say that we need a revolution to shake up the world of funding and entrepreneurship, and CVC could catalyze these efforts. As COVID-19, the ensuing economic crisis, and recent calls for racial justice show, the cost of complacency toward matters of equity is reaching an inflection point. We are ready for a sweeping reset, a new paradigm—one where women receive half of all venture capital (VC) funding, represent half of all decision-makers at VC firms, and make up half of all business owners. Entrepreneurship is ready for an infusion of gender equity. Read Full Story

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Silicon Valley expects a chillier relationship with Biden than Obama

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Times have changed since the Obama administration did little to regulate the tech industry. “I’ve never been a big Zuckerberg fan,” says Biden. Now that the Biden administration has announced a transition team and is gradually announcing key advisory and cabinet appointments, the posture of the new administration toward Silicon Valley is becoming clearer. And it’s not the look of a budding friendship. Read Full Story

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How COVID-19 will permanently change hiring in Silicon Valley

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A startup CEO explains five ways the pandemic will force a cataclysmic shift in tech hiring. The COVID-19 crisis has caused overnight shifts in how Silicon Valley companies hire and work with employees. Overall, the tech community is realizing that talent is equally distributed, but opportunity is not—and hiring practices post-COVID-19 will be forced to catch up to this truth. As we consider how the pandemic will impact our lives, here are five ways hiring in Silicon Valley will change forever. Read Full Story

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How to build a race-conscious equity, diversity, and inclusion strategy

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GV’s first diversity and inclusion partner explains the four not-so-easy steps companies must make to move from recognition to integration. When I joined venture capital firm GV in January as the firm’s first diversity and inclusion partner, I was excited by the opportunity to help with one of the industry’s biggest challenges: ensuring underrepresented and underestimated founders gain access to capital. Currently only 1% of VC funding goes to Black founders and 2% to Latinx founders. Women earn 26 cents for every dollar that men earn in stock assets. Read Full Story

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