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💡 Issue #61: From Dave McClure to I AM 139

Apologies for the late newsletter this week. It usually goes out on a Sunday, nevertheless below are

Andy Ayim

July 10 · Issue #61 · View online
Your weekly newsletter on minorities in tech, venture and entrepreneurship 💫

Apologies for the late newsletter this week. It usually goes out on a Sunday, nevertheless below are my musings from this week.
Last week was filled with stories about how Dave McClure, founding Partner at 500 Startups had to step down because of the abuse of his power in relation to taking advantage of women. In the same week we learned that Justin Caldbeck, a co-founding Partner at Binary Capital also was forced to step down.
This is both disgraceful and embarrassing for the VC industry at large and emphasises why we really do need more diverse representation at the helm of investment firms. A diversity of personalities, social-economic backgrounds and experiences.
Why do we keep supporting such a broken model whereby only 2% of funds succeed in providing great returns to Limited Partners?
Surely something has to change, sooner rather than too late!

🚀 Stories on Diversity in Tech
This week no article from me but I have a very exciting article in the pipeline titled, An Open Letter to Leaders Trying To Improve Diversity. Potentially my most daring article to date!
Last week I had the pleasure of delivering a Keynote speech on How Did We Arrive At An ‘Unrealistic’ View On Entrepreneurship? for I AM 139. It was a great mix of faith and entrepreneurship, two areas I am very passionate about!
📈 Startup News & Trends
Male and Female Entrepreneurs Get Asked Different Questions by VCs
I’m a Creep. I’m Sorry - DMC from 500 Startups
Everything I hate about Justin Caldbeck’s statement
Tech Culture Can Change
🔨 Tools of the week
Muzzle - silence embarrassing notifications
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