Federalist: Melinda Gates has decided to enter the venture capital world by sending her money to people based at least partly on their sex and skin color, she said in a recent Fortune interview.
“It’s been incredibly disappointing to watch how few women-led businesses are getting funded,” Gates said. “Ultimately, if we want more innovation and better products, we’ve got to put more money behind women and minorities. That wasn’t happening, so I decided to step in and see what I could do to help a little bit.”
Here are other portions of her interview where Gates specifically says some criteria for how she invests in startups are race and sex. She clearly says she preferences women and non-whites over men and white people, specifically for these immutable characteristics that have nothing inherently to do with business success. “Over-index” is essentially a financial or data version of affirmative action.
I am specifically looking at funds who over-index on women-led and minority-led businesses.
I’m asking a lot of business questions about how they will go about their funding, how they will over-index on women’s businesses, and how they will hold themselves accountable for a great return.
Some of these big firms often believe in the white guy in a hoodie disrupting a whole industry. So we’re going to disrupt it by making sure we’re indexing for women and minorities because they’ve got great ideas.
Many of them think if they have one female at the table, they’ve done their job. Another big one is when they say that they have trouble finding women. Those are just excuses. They don’t know what investing in these areas looks like until they get several women who are partners in their firm.
A white man could easily make products that meet minority women’s needs and desires, and vice versa. Their race and sex has nothing to do with their drive and ingenuity. But Gates implies that they do, which is weird and patently stupid, to put it mildly. MORE
SNIP: She’s married to Bill Gates. A rich white man.
So I guess Bills got a little dick. But I think we all knew that.
STFU Melinda
Go make a sammich
I hope she crashes and burns, but she has access to money she never earned to cover her losses and she can always play the race and gender cards to keep prying eyes focused elsewhere.
I hope she costs Bill a lot of money when he has to make good on her losses.
Wow, rich people are such twats.
“…if we want more innovation and better products, we’ve got to put more money behind women and minorities. ”
If women and minorities would create more innovation and better products they would have no problem getting money. What it boils down to is that the Gates need more tax write-offs from losing business investments.
her claim to fame at microShaft is:
Clippy the paper clip and Microsoft BOB
https://www.artsy.net/article/artsy-editorial-life-death-microsoft-clippy-paper-clip-loved-hate
nufsed
“Her money?” Didn’t some white guy make it?
And her claim to fame is?
What a self hating asshole. At least it’ll be fun reading about her getting scammed out of millions by Nigerian Prince’s etc. Both of them are real jerks and the more they lose the happier it makes me.
I guess she can throw away Bill’s (rich white guy) money anyway she likes. But someone should remind her that you can’t buy your way into heaven.
these same miserable pukes think that doing the this to blacks is a criminal offense
Bad_Brad: Re: Bill’s little dick.
That’s exactly what was on his mind when he came up with “Micro Soft”
Tax write off, business loss, and hoped for good press ,bought and paid for, WIN, WIN
Proof that having a lot of money does not equate to being intelligent
Bill never really earned it (he lucked out and then enjoyed a government shielded monopoly) so F him.
Melinda settled for an ugly twink who was loaded, so she never earned it either. F her.
It is an absolute waste of time to consider what either one of them thinks. It’s a shame they are both too small to ever face that and be worthy of regard.