diversity: More than half of investors surveyed said that an entrepreneur commitment to diversity was the least of their concerns when deciding whether to fund a company, according to the nationwide survey of more than 600 Linked In members, according to The Toronto Star. And 70 per cent of startup founders said their company has no program in place to increase employee diversity. Dreamstime By Marisa Kendall The Mercury News Tues., Nov. 15, 2016 SAN JOSE, CALIF. Despite the recent national outcry over the tech industry lack of diversity, a new Linked In study found that most entrepreneurs and investors don t consider the issue a priority. The results, released earlier this month, show that while the absence of women and minorities in tech is frequently addressed in panel discussions at industry conferences and in media op-ed pieces, for the people with the power to implement change such as the investors shaping future Facebooks and Googles the issue remains on the back burner. Many VCs don t seem to care about the problems they create, how founders perceive them, and the lack of diversity in funding practices. Linked In data confirms how broken today venture capital establishment is, Ellen Pao, co-founder of Silicon Valley diversity initiative Project Include, wrote in an online post the same day the Linked In study was released.
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