January 31, 2019

ICYMI: More Start-ups Have an Unfamiliar Message for Venture Capitalists: Get Lost

From left, Mara Zepeda, Aniyia Williams, Astrid Scholz and Jennifer Brandel of Zebras Unite.

Start-ups and entrepreneurs have joined forces to synthesize "Zebras Unite," a collective effort to encourage more ethical investment frameworks within the tech industry that reduce failure and create greater gender and racial diversity.

The New York Times wrote about the group's effort to shift the traditional venture capital business model toward greater diversity, equity and inclusion:

Even if venture capitalists ignore the companies rejecting their model, some of their investors — endowments, pension funds and mutual funds — are exploring ways to participate. The tech industry's year of bad headlines has inspired some soul-searching.

"I think we should, as investors, take seriously our role in driving some of these destabilizing forces in society," said Rukaiyah Adams, chief investment officer at Meyer Memorial Trust, an investor in venture capital funds and nonprofits. "As one of the controllers of capital, I'm raising my hand and saying, 'Wait a minute, let's really think about this.'"

You can read the entire article here.