curated from Fast Company
A VP AT INTEL CAPITAL EXPLAINS HOW THEY CREATED THEIR $125 MILLION FUND FOR COMPANIES RUN BY WOMEN AND MINORITIES, AND WHY WE NEED IT.
That conversation put Intel Capital on a path to this week’s unveiling of our $125 million Diversity Fund—one that’s more than 10 times larger than anything similar in the finance industry, and which has already announced investments in the security software, healthcare, the Internet of Things, and do-it-yourself maker markets.
“WHAT IF WE TOOK STAKES IN HIGH-GROWTH COMPANIES RUN BY WOMEN AND UNDERREPRESENTED MINORITIES, WHOSE BIGGEST HURDLE WASN’T THE QUALITY OF THEIR IDEAS BUT THE FUNDING TO MAKE THEM SCALE?”
“IN AN INDUSTRY OBSESSED WITH NUMBERS, THE REPRESENTATION OF WOMEN AND MINORITIES IN HIGH TECH IS A FAILURE BY ANY MEASURE.”
Oftentimes, we see a number of the big firms that have no women partners at all. So when a woman pitches, there’s just no organic knowledge about many of the markets that are really growing right now, where there are really great opportunities and a need for venture capital.
<> <> Read More