If every early-stage, high-growth startup commits to making this significant change in their fundraising processes, the VC playing field will completely change. It’s not just about increasing representation on cap tables. It’s about helping historically marginalized groups build track records and get attribution for their work to help them start their careers and hopefully, one day their own funds.
From there, more money and time can be invested back into Black, Latinx, etc. communities. We believe this will ultimately increase the number of startups, founders, and board members from those groups. Eventually, the downstream impacts will change the face of Silicon Valley, and technology as a whole, forever.