This Week in Startups E1074 News: How VC can do better for underrepresented founders, Zoom shuts down Chinese pro-democracy accounts, Wall Street Bets, Reddit appoints YC CEO Michael Seibel to BoD & more with Lolita Taub & Tom Uebel
Jun 12, 2020
Lolita Taub, a Venture Partner at NextGen Venture Partners, is passionate about uplifting underestimated founders, while Tom Uebel, CEO of Command E, creates tools for document efficiency. They delve into how systemic bias affects venture capital, especially for marginalized entrepreneurs. The conversation also touches on Zoom's handling of sensitive accounts in China and the challenges of privacy in tech. They explore Wall Street Bets and the lessons for new traders, and discuss Reddit's approach to free speech and board diversity in today's digital landscape.
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Angela Benton's Experience with Bias
- Angela Benton shared a negative experience pitching Streamlytics to Cowboy Ventures, citing dismissive behavior from a partner.
- She called out the firm for performative allyship and urged VCs to address internal biases, not just make public statements.
Show, Don't Just Tell
- VCs should demonstrate their commitment to diversity through actions and investments, not just words.
- Lolita Taub emphasizes the importance of authenticity and investing in underestimated founders.
Investor Rudeness
- Jason Calacanis finds investor rudeness unacceptable and coaches against it.
- He advises letting founders talk, making them feel heard, and improving their perception of your brand.