In the past couple weeks both Forbes and Wired have published first-hand accounts of the perils of "fundraising while female." The anecdotes about harassment, discrimination, and the hassle of disproving an investor's assumptions about gender are familiar. But you won't find the name of single male venture capitalist who made these women feel compromised, harassed, belittled, or duped.
The revolving door from public service to finance usually only benefits the person who walked through it, so this is a welcome change. Former NAACP president Benjamin Jealous is joining Kapor Partners to find and fund startups led by minority entrepreneurs, creating "a freeway" between tech and "poor communities of color."
Investors who aren't announcing another $1.5 billion fund still have to get attention somehow, or they'll lose deal flow to the latest venture celebrity. Gil Dibner, a VC at DFJ Espirit, thought maybe a "VC Code of Conduct" might do the trick. But the 17 point promise inadvertently outlines all the ways investors will give founders a raw deal.
Reuters reports that Silicon Valley venture capitalists "have some 2007-style swagger back in their step." The good tidings come courtesy of the latest Silicon Valley Venture Capital Confidence Index, which indicates that "confidence levels have returned to pre-recession levels among investors in the San Francisco community.
Ding-dong, it's official: Silicon Valley's dream of a meritocracy—where innovative ideas from scrappy entrepreneurs hustle their way to the top—is dead. A new analysis from Reuters reporter Sarah McBride found that the startups getting funded by top venture capitalists have one thing in common: pedigree.