This weekend, I received an unsolicited email asking me to share an infographic which examined the state of the tech industry.
The infographic was titled “Is Tech Racist?” and provided several compelling statistics in an effort to answer the question.
One statistic highlighted the disparity in funding between black and white-founded startups.
The median amount of funding internet startups received in the US differed drastically, with white internet startups receiving $2.3 million, and black internet startups receiving $1.3 million.
Asian startups received about $4 million, dwarfing both white and black internet start ups, and mixed raced startups received about $2.2 million in start up capital.
The infographic also highlighted the percentage of internet startups founded by race.
87% of internet startups were founded by whites, 12% by Asians and only 1% were founded by Blacks.
There were other statistics, examining different aspects of the tech industry, providing compelling support for the position that the tech world, in general, excludes people of color.
Rather than continuing to summarize the data, here’s the infographic in full.
Since I hadn’t necessarily intended to start of the week talking about the state of the tech industry from the perspective of race, I decided to do a little research to see if there were any contemporary discussions on the topic.
Most of what I found was from 2010, after CB Insights, a private investment research firm, published a report on online startup companies.
The Network Journal published an article examining the disparity, as did a number of other publications, but the issue doesn’t seem to have any current coverage (aside from the fact that this disparity still exists).
In an effort to get a better understanding of why the infographic had been prepared, I reached out to Jenn Ghee (who forwarded it to me) to get some context, but I haven’t heard back.
I’ll be sure to update you, in the event she does.
But what do you think about this?
Is this an issue that concerns you?
Are there any strategies for closing this gap?
If you’ve got a perspective, I’d love to hear it.