undefined | Better HN

0 pointsMAGZine12y ago0 comments

I'd tend to believe that if you have a badass business deal that is truly worth 1B, you have know-how to get it off the ground, and have exceptional presentation skills (its all about the sell, at this point) a VC wouldn't say no because a person is black, female, gay, or all 3. VCs are their to make money, and they see white male harvard dropouts with no social life to be a safe bet. Convince them that you have a plan to net a return, that is, convince them based on your MERIT, and you'll be successful.

Meritocracy is based on merit, not "giving everyone a fair chance," even if that's what the author would prefer. Though, that's not to say that a bias doesn't exist.

0 comments

untog12y ago

I'd tend to believe that if you have a badass business deal [...] a VC wouldn't say no because a person is black, female, gay, or all 3.

But what data causes you to 'tend to believe'? That assumption is kind of at the heart of the article - not that SV is a pure meritocracy (I doubt many places in the world really are) but that people's perception is that it is a lot more meritocratic than it is - and no-one ever checks to see if their perception is backed up by fact.

crusso12y ago

But what data causes you to 'tend to believe'?

Probably the same level of data behind the article we're discussing.

If she had started the article with "I'm just basing this whole article on my own biases and no real data, but..." then we wouldn't really have much to argue about.

wonderzombie12y ago

I think in this case the article is trying to shift the burden of proof. Why should it be on someone who's asking whether it's a meritocracy rather than on the folks who're repeating this claim? And if the answer is in the affirmative, let's have that discussion.

This isn't directed at you as such. Just that a lot of folks assume the burden of proof ought to be on the questioner(s) of this proposition rather than the proponent(s).

acgourley12y ago

If you're a SV demographic outsider (say: black, gay, female) it's still going to be an order of magnitude harder to raise institutional money. You're not going to socialize in the same circles and thus your referral network will be tiny. If you get a meeting, you're going to need to spend the first 15 minute somehow counteracting the generalizations piling against you.

That said, starting with the same skills and money it shouldn't be any harder to bootstrap a tech business. If you're profitable and growing, raising money should also be pretty fair. Traction is the real meritocracy.

ahomescu112y ago

> You're not going to socialize in the same circles and thus your referral network will be tiny.

I don't think white nerdy males from top schools (like MIT) socialize much in rich VC circles either.

acgourley12y ago

They socialize with entrepreneurs and senior mgmt who have been funded by VCs - which is a common and effect intro path to said investors.

mtrimpe12y ago

It says enough that when thinking of what would overcome the obstacles of being black, female and gay you come up with a "sure-thing 1 billion dollar deal."

j / k navigate · click thread line to collapse

0 pointsMAGZine12y ago0 comments

Meritocracy is based on merit, not "giving everyone a fair chance," even if that's what the author would prefer. Though, that's not to say that a bias doesn't exist.

0 comments

untog12y ago

I'd tend to believe that if you have a badass business deal [...] a VC wouldn't say no because a person is black, female, gay, or all 3.

crusso12y ago

But what data causes you to 'tend to believe'?

Probably the same level of data behind the article we're discussing.

If she had started the article with "I'm just basing this whole article on my own biases and no real data, but..." then we wouldn't really have much to argue about.

wonderzombie12y ago

This isn't directed at you as such. Just that a lot of folks assume the burden of proof ought to be on the questioner(s) of this proposition rather than the proponent(s).

acgourley12y ago

ahomescu112y ago

> You're not going to socialize in the same circles and thus your referral network will be tiny.

I don't think white nerdy males from top schools (like MIT) socialize much in rich VC circles either.

acgourley12y ago

They socialize with entrepreneurs and senior mgmt who have been funded by VCs - which is a common and effect intro path to said investors.

mtrimpe12y ago

It says enough that when thinking of what would overcome the obstacles of being black, female and gay you come up with a "sure-thing 1 billion dollar deal."

j / k navigate · click thread line to collapse