VentureBeat - Latest Comments in The VC gender gap - Are VCs sexist?

Re: The VC gender gap - Are VCs sexist?

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Re: The VC gender gap - Are VCs sexist?

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Re: The VC gender gap - Are VCs sexist?

Sarah — Thu, 15 Apr 2010 23:35:43 -0000

Uh yeah, we live in such a fair world...NOT.

White, male startup companies get funding for being white and male.
February 10, 2010 — Restructure!
When top technology venture capitalist John Doerr decides which startup company to invest in, he consciously and deliberately chooses white males over women and racial minorities:

“That correlates more with any other success factor that I’ve seen in the world’s greatest entrepreneurs. If you look at Bezos, or [Netscape Communications Corp. founder Marc] Andreessen, [Yahoo Inc. co-founder] David Filo, the founders of Google, they all seem to be white, male, nerds who’ve dropped out of Harvard or Stanford and they absolutely have no social life. So when I see that pattern coming in — which was true of Google — it was very easy to decide to invest.”

Re: The VC gender gap - Are VCs sexist?

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Re: The VC gender gap - Are VCs sexist?

gina — Mon, 02 Nov 2009 14:08:24 -0000

I don't think VCs are risk takers - I think they are pretty conservative when it comes to risk. Entrepreneurs are the risk takers since they are the ones who gamble with their time and money. So it can't be that only 5-10% of VCs are female because women tend to be more risk adverse - if that were the case, then there will be even fewer female entrepreneurs than VCs percentage-wise but that is not the case.

There is definitely social going on (first-degree connections that men have). The reason that there are so few female, Latino, or African-American VCs is the same reason why there are so few nerdy and not so social white male VCs.

VCs themselves are probably not sexist or racist when considering business ideas from entrepreneurs - otherwise they lose out on great ideas to competitors. In business and politics, money is money and power is power. It doesn't matter whether that comes from a woman or a man. I think the average joes are more likely to be sexist because many men who have never met her refused to vote for Hilary Clinton (like my Dad) simply because she is a woman. But at the top, she had so many powerful allies because she was a powerful woman herself.

Re: The VC gender gap - Are VCs sexist?

Smack — Fri, 30 Oct 2009 18:10:18 -0000

There is no gender gap at all, when it comes to VCs and the funding behind them. What I think takes place is that people worry too much what they think is the bad in a situation.

The so called glass ceiling is eliminate, when it comes to VC funding and making the right proposal for it.

I think there are less things that are interesting, by trade for which women do, but that doesn't mean that they are alone in this. There are thousands of great ideas that get pounded and denied more often then not. What there needs to be is a better way to determine the viability of the what a start up can do with VC capital.

I don't know, that's just me.

Re: The VC gender gap - Are VCs sexist?

Why advertising unless PPD? — Sat, 24 Oct 2009 01:54:25 -0000

The issue is the fact. But it makes it a good sport.

He might say "My balls are bigger".
She might answer "But I will be on top, weather you want it or not".

If one is voting for an easy life, the entrepreneur in her/him should commit a suicide before it's born.

Re: The VC gender gap - Are VCs sexist?

Tosin Ojumu — Fri, 23 Oct 2009 19:42:50 -0000

As a female entrepreneur, I find this subject to be a hugely important one. However, I also believe that all, or at least most business people who have achieved greatness have had to battle one hindrance or the other - sometimes multiple obstacles. Ultimately, I believe people who succeed do so not because they don't face challenges, but because they make their mind up that no matter what, even when and if challenges do come, they will not give up, and they will not let the attitudes of other people limit their determination and self-belief.

http://www.greatsitesctk.co...

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Thank you, Tosin ;)

Re: The VC gender gap - Are VCs sexist?

Emeri Gent [Em] — Wed, 21 Oct 2009 05:38:37 -0000

When VC was a regional affair I could understand the formation of a club, but just like the old fashioned gentlemen's club, the times are changin' and the push into global opportunity as well as the changing nature of business from hard asset to soft asset should mirror in the gender area to. The irony is that I try to look for twitter thinkers and balance them out 50/50 as a gender split, but every single VC twitter thinker I have in my database is a man. Action first has basis in thought and the whole arena of social media puts our hidden neural pathways in full public view.

First women need to speak with a venture voice utilizing social media channels and then if the male bastion represents a blockage, venture into the innovative space opened up with new knowledge capital and the global playing field i.e. venture minded women start operating to serve other female entrepreneurs. Ultimately, it is not about gender equality, but leaving smart brains on the shelf. No one should hire me because I have a dangling salami but based on my capabilities and potential.

There is no point in talking about "The Old Boy's Club" or even fertilize the "sexist meme", why foster that kind of association when the new frontier of human intelligence calls for new thinking, and new thinking is all about integrating possibilities and opportunities - one cannot scale VC globally with 50% of the potential great talent waiting for an entry ticket, while the investment and entrepreneurial opportunity beckons horizontal intelligence that equates with a greater dimension of ethics, smarts, ingenuity and vision.

[Em]

Re: The VC gender gap - Are VCs sexist?

bussgang — Mon, 19 Oct 2009 17:19:38 -0000

It would be interesting to compare the percentage of female entrepreneurs pitching VCs to the percentage of women VCs. Has anyone seen this? Anecdotally, I've observed the LP community has far more women than the the GP community.

Re: The VC gender gap - Are VCs sexist?

margaret — Mon, 19 Oct 2009 16:34:29 -0000

Why, yes. Yes, they are.

Re: The VC gender gap - Are VCs sexist?

foo2 — Mon, 19 Oct 2009 13:54:54 -0000

How many non-white VCs, execs are out there ? Take away the Asia/Indian CTOs and the divide gets even bigger. Take a look at sales teams, how many non-white account managers do you see ?

Re: The VC gender gap - Are VCs sexist?

gabriele — Mon, 19 Oct 2009 11:56:03 -0000

As long as there aren't legal or social barriers a disparity between women and men is not a problem, it's called freedom of choice.
The opposite idea is just a byproduct of political correctness, in fact nobody complains that the typical truck driver is a man and generally any "heavy" job is taken by men.

Re: The VC gender gap - Are VCs sexist?

Dana Jamsoin — Mon, 19 Oct 2009 10:22:15 -0000

Also, don't forget Latinos? There are nearly 50 million in the USA. How many are GP's?

Re: The VC gender gap - Are VCs sexist?

biff22 — Mon, 19 Oct 2009 09:54:27 -0000

If you don't like it, tell your daughter to cry about it on a blog--like you.