Although African-Americans comprised nine percent of all new entrepreneurship activity in 2011, less than one percent of all venture capital investment went to digital startups with African-American founders in 2010.
Bain Capital being a pioneer in outsourcing, investing in some of the leading early companies that advised American companies in how to most effectively do it, is a pretty big deal on the face of it, but it has even deeper implications than many people realize.
The sexualization of women in tech is often laughed off as an outlet for sexually frustrated geeks. But it's not an outlet for sexuality. It's an expression of sex discrimination. And regardless of whether Ellen Pao has a case, one thing is certain -- Silicon Valley has a problem.
VCs are good capitalists. They sell what their investors will buy, and they charge what their investors will pay. The real problem, it turns out, lies with the institutional investors -- the ones doing the buying and the paying.
This is fertile ground for Facebook advertisers, and should allow the creation of much more relevant and interesting ad campaigns -- and thus more ad dollars for Facebook, since there's currently no way for an app creator to generate revenue from the data they are contributing to the Open Graph.
The ways in which an entrepreneur might best connect with venture capitalists has been covered by a number of other VCs across the web, but we thought it might be helpful for entrepreneurs to put this question into context by providing actual operating data regarding deal flow for our firm.
Innovation and progress requires experimentation -- trial and error. Unfortunately, for entrepreneurs with ideas for "startup countries," there's no way for them to experiment. It's not like the software industry where all you need is a laptop.