Apple's new diversity report, out last week, highlighted a sad fact: Underrepresented minorities employed at the company grew from just 19% in 2014 to 23% in 2017. While the tech giant claims that 50% of its new hires in the US this year were from historically underrepresented groups in tech, the meager results mirror the industry at large. Read more.
This week, venture capitalist Steve Jurvetson left his own firm, Draper Fisher Jurvetson, amid allegations of inappropriate conduct that led to an internal investigation. The company said he left by mutual agreement. Read more.
One day in 2013, AJ Vandermeyden drove to Tesla’s corporate headquarters, in Palo Alto, California, sat down on a bench outside the main entrance, and waited, in the hope of spotting someone who looked like a company employee. Vandermeyden, who was thirty years old, had been working as a pharmaceutical sales representative since shortly after college, but she wanted a different kind of job, in what seemed to her the center of the world—Silicon Valley. She knew that Tesla’s ambitious, eccentric co-founder Elon Musk was managing companies devoted to space flight and solar energy, in addition to running Tesla, which was producing electric cars, and she was inspired by his mission. Tesla was growing quickly and offered numerous opportunities for employees to advance. The company, Musk liked to say, was a “meritocracy,” and Vandermeyden wanted to be a part of it. Read more.
We need to talk about the tsunami of questionable money crashing into the tech industry.
We should talk about it because that money is suddenly in the news, inconveniently out in the open in an industry that has preferred to keep its connection to petromonarchs and other strongmen on the down low. Read more.