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HBR On Strategy cover image

How Startups Can Turn Failure into Success

HBR On Strategy

NOTE

Data Reveals Unequal Opportunities

The distribution of venture capital significantly favors male founders and founders from majority backgrounds, highlighting systemic inequities. Despite similar business performances and professional backgrounds, women and minority entrepreneurs struggle to secure funding, often living paycheck to paycheck. Acknowledging these disparities is crucial, but it is equally important to maintain a solutions-oriented mindset rather than getting bogged down by challenges. Continuous discussion and awareness around these issues are essential for driving change in the venture capital landscape.

00:00
Speaker 1
Yeah, definitely. I mean, the agreement was like a data first organization. I mean, I have to say just like the numbers just don't lie in terms of the distribution of venture capital to women founders or founders of color, whether it's black or Latino or anything like that. So it's just, it's hard to, when you look at the kind of apples to apples performance, it's like, what was the growth rate of this company that received $20 million in funding and the revenue that they were generating versus the growth levels that we have and the amount of revenue we're generating. We're doing the exact same thing. How are these companies able to raise this amount of money? And like, we're kind of living check to check. Like it's just hard to understand. And I think that we're a constant engineer. We have a professional pedigree, like it's hard to say that that's not there. And I just think the data around it just speaks for itself. Yeah. At the same time, you know, we really we don't wallow in that. What is it going to lead to? You know, so you have to understand that it's there and you have to address it. But at the same time, we always are kind of glass half full solutions oriented. You don't want to get kind of mired down in the obvious inequities that are there. And
Speaker 3
I appreciate the kind of response on that. And I think if we don't address it in shows like this, and if other people aren't talking about it, then it's never going to change. So we want to keep talking about it here. So I totally appreciate that. Ayala, let me talk with you about the numbers, because you're an analytics person. I'm wondering, would you define App2Deco as a digital company, and the sort of definition of that term?
Speaker 2
They're definitely a technology company. They have technology around logistic, around pricing, around figuring out customer preferences, which items should I show which person in order to get them to buy. They are digital first. All of the transactions are digital. Yes, there is a logistic arm. Yes, there are delivery people.

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