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by cryptixvi 2127 days ago
Aside from arbitrary virtue signaling and moral grand standing, what's the point?

$1 is $1 no matter which pocket it comes from. Also, this would be introducing discrimination based on immutable traits - two steps backwards there guys...
2 comments
klyrs 2127 days ago
> $1 is $1 no matter which pocket it comes from.

For all the uproar about Chinese ownership of tiktok, zoom, etc etc, I suspect that your assessment is a minority opinion here.

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cryptixvi 2127 days ago
For sure, but that CCP $ isn't really what is at play here. Given the option to accept local investment vs. foreign in a competition, the entity receiving the cash would be able to make a choice based on their own values.

Anecdotally, British Columbia real estate is actively rejecting Chinese investment on similar grounds.

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BobbyJo 2127 days ago
If you drop all context sure. I'm sure no one here would take investment money from a resurrected Hitler, Narcos, or the Mob, but, since the discussion is about race, it's kind of an orthoginal point.
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klyrs 2127 days ago
It's not. Folks have ethics about who they take their money from. I agree, it's not the same, but a dollar isn't just a dollar. Who it's coming from, and what their ethics are, do actually matter.

In this case, I see that minorities are underrepresented in startups. Insomuch as it's all about who you know, there's strong reinforcement of systemic trends of enriching primarily white men. Diversity at the top unlocks hidden talent in their networks and overlooked markets, so picking folks to maximize cultural competency is kind of a no-brainer.

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skitout 2127 days ago
Well, invstors unconscious bias against Black people, against woman and many other (and unconscious positive discrimination of White and Asian men) is hurting the tech ecosystem [1] [2] which isn't good either for current VC and for the society in general.

This action helps the VC to get more fair... and better investors (this is good for their economic performances). Then this can have a positive impact on the tech sector and the whole society...

[1] https://www.forbes.com/sites/forbesnonprofitcouncil/2018/02/... [2] https://hbr.org/2017/05/we-recorded-vcs-conversations-and-an...

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