Skip to main content

The context you need, when you need it

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.

We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?

Join now

Most VCs and entrepreneurs are doing nothing to fix Silicon Valley’s diversity problem

And that, of course, is the problem.

LinkedIn

It’s now well understood that Silicon Valley has a diversity problem.

The positions of power inside most tech companies belong to white men, with women and minorities underrepresented pretty much everywhere, including the Valley’s biggest tech companies like Facebook, Google and LinkedIn.

But not everyone thinks that’s a problem — at least not a problem worth doing something about.

A new study published Thursday by LinkedIn found the majority of techies in leadership positions aren’t creating initiatives to diversify their companies, and virtually none of them are making diversity a top priority.

LinkedIn found that 75 percent of venture capitalists have no idea if their firms have initiatives to increase diversity. Tech startup founders are even worse -- 79 percent of founders and co-founders with startups with fewer than 200 employees said the same thing.

LinkedIn

Of the 285 VCs LinkedIn surveyed, just 2 percent said building a diverse team was their “top priority,” and just 4 percent said investing in diverse portfolio companies topped their list.

It’s easy to speculate about why diversity isn’t taking up brain space in venture capital land — the majority of VCs are white males, and very few white males are subject to the kind of sexism and racism that women and minorities deal with, according to the data.

In fact, 85 percent of white founders and 73 percent of white VCs say they have never “experienced any episodes of racism.” It’s a similar breakdown for sexism — 85 percent of male founders and 66 percent of male VCs say they haven’t experienced sexism.

That, of course, explains why the people in power don’t think there’s a problem.

They’re even sick of hearing about it -- 40 percent of male investors and 37 percent of male founders believe “the media spends too much time focused on the issue.”

So while the Facebooks of the world are making an effort around diversification (or at least claiming to), the concerning part about LinkedIn’s study is that the future Facebooks of the world are not. Talk about a pipeline problem.

This article originally appeared on Recode.net.

More in Technology

Technology
The case for AI realismThe case for AI realism
Technology

AI isn’t going to be the end of the world — no matter what this documentary sometimes argues.

By Shayna Korol
Politics
OpenAI’s oddly socialist, wildly hypocritical new economic agendaOpenAI’s oddly socialist, wildly hypocritical new economic agenda
Politics

The AI company released a set of highly progressive policy ideas. There’s just one small problem.

By Eric Levitz
Future Perfect
Human bodies aren’t ready to travel to Mars. Space medicine can help.Human bodies aren’t ready to travel to Mars. Space medicine can help.
Future Perfect

Protecting astronauts in space — and maybe even Mars — will help transform health on Earth.

By Shayna Korol
Podcasts
The importance of space toilets, explainedThe importance of space toilets, explained
Podcast
Podcasts

Houston, we have a plumbing problem.

By Peter Balonon-Rosen and Sean Rameswaram
Technology
What happened when they installed ChatGPT on a nuclear supercomputerWhat happened when they installed ChatGPT on a nuclear supercomputer
Technology

How they’re using AI at the lab that created the atom bomb.

By Joshua Keating
Future Perfect
Humanity’s return to the moon is a deeply religious missionHumanity’s return to the moon is a deeply religious mission
Future Perfect

Space barons like Jeff Bezos and Elon Musk don’t seem religious. But their quest to colonize outer space is.

By Sigal Samuel