Over the last few months, lots of people are writing about, talking about and working to diversify who receives venture capital. You'd be forgiven for thinking that all venture capitalists — with their now vocal stance on diversity — have become altruistic free money givers. Let's be clear, VC is not a charitable act. There is a lot of lip service to diversity, pointless panel discussions, and a lack of meaningful, well thought-out action. VC world diversity initiatives are often just a knee jerk response to being called out for having a very white, male, middle-class, Oxbridge-educated (or equivalent) investment team and portfolio. These initiatives can also, more worryingly, exploit the underrepresented groups they’re purportedly trying to help.
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