from the black swan notes and from candid to not-so-subtle emails asking you to officially confirm that your startup is indeed making money, investors have a lot to say about the downturn.
However, a more calm and realistic truth has caught my attention lately: for various founders, recession is nothing new. Some investors, mostly those who focus on supporting historically undervalued founders, say crackdowns on tech companies are not hitting diversified founders as much as their overfunded peers due to pre-existing biases.
All Raise CEO Mandela S.H. Dixon, who joined the Equity podcast just from its annual summit, TechCrunch told TechCrunch that women and multiracial investors, founders and operators don’t have a “dark mentality because we’re so used to doing more with less.”
“We are so accustomed to not having access to this capital influx that we have already adjusted and built the muscle and ability to weather many storms than the more privileged founders who enjoy this endless flow of capital and access to advice and insider information. information” that she didn’t have to deal with, she said. “We women and women of color have a long history of weathering storms, so this is not new to us.”
Dixon’s belief that minority founders may be more prepared for a kickback because they’ve already experienced it seems both accurate and nuanced. Yes, different founders still receive disproportionately less venture capital funding than their peers, making them smarter with their money. We have many years of research that shows that women and different teams can be more effective in terms of capital.
At the same time, if even the small dollars going their way are at risk, won’t the industry move further and further away from a fairer position?
Credit: techcrunch.com /