Your weekly newsletter on minorities in tech, venture and entrepreneurship 💫 http://andyayim.com
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!