Human Capital
Diversity Riders
Instacart
Y Combinator
Act One Ventures
The Diversity Term Sheet
Greycroft Partners
First Round Capital
Plexo Capital
Precursor Ventures
Company
YC
Gig Workers Collective
Start.coop
Exit to Community
Zebras Unite
TechCrunch
Michael Seibel
Jacob Blake
Breonna Taylor
Latinx
Met Funder
Julia Collins
GWC
D.C.We
Greg Brodsky
Mara Zepeda
Black
Indigenous
Black female
Fifth Wall
Maveron
LGBTQ+
Black
San Francisco
DC
Cambrian
Black
This week, we’re looking at the launch of the Diversity Riders initiative in venture capital and how it can go further, Instacart’s labor practices and some alternative, more inclusive approaches to running a startup. What that means is firms will include boilerplate language in their standard term sheets:In order to advance diversity efforts in the venture capital industry, the Company and the lead investor, [Fund Name], will make commercial best efforts to offer and make every attempt to include as a co-investor in the financing at least one Black [or other underrepresented group including, but not limited to LatinX, women, LGBTQ+] check writer (DCWs), and to allocate a minimum of [X]% or [X] $’s of the total round for such co-investor.This is certainly a good step on the road to creating additional wealth opportunities for Black, Latinx and Indigenous people, as well folks from other underrepresented groups in tech. Instead, the following would be better:In order to advance diversity efforts in the venture capital industry, the Company and the lead investor, [Fund Name], will make commercial best efforts to offer and make every attempt to include as a co-investor in the financing at least one Black [or other underrepresented group including, but not limited to LatinX, women, LGBTQ+] check writer (DCWs), and to allocate a minimum of [X]% or [X] $’s of the total round for such co-investor.At All Raise’s second annual event for Black female founders, When Founder Met Funder, Planet FWD CEO Julia Collins interviewed YC CEO Michael Seibel about his experience in tech and tips for founders.
As said here by Megan Rose Dickey