Look, whether we like it or not, VCs prefer white or asian founders over black or hispanic founders. That's fact, not conjecture [1]. I understand that YC is an accelerator. It's also a cultural institution. Blacks and hispanics are at a disadvantage when raising because VCs DON'T evaluate strictly on merit; they evaluate on a whole host of characteristics, many of which are subject to bias.
The YC stamp of approval is a valuable badge when fundraising. I'd like to see them find a way to use this to combat the inherent bias that women, blacks, and hispanics face when fundraising.
The YC article suggests that black and hispanic founders are slightly more likely to be funded by YC than other ethnicities. 3% of applicants to the batch were black or hispanic but 7.7% of funded founders in the batch were black or hispanic.
The article you linked does not seem to adjust for demographics of the applicants, it only discusses those who were funded.
> Look, whether we like it or not, VCs prefer white or asian founders over black or hispanic founders.
Something something correlation, causation...
I mean look at the YC numbers here. When 90+% of your applicants are white or Asian that's going to be reflected in the final numbers unless you actively favor a certain group of applicants over another.
We're talking about greedy VCs. Not a single one of them is listening to a pitch and going "man this is a billion dollar idea, but they're _black_, ugh..."
The YC stamp of approval is a valuable badge when fundraising. I'd like to see them find a way to use this to combat the inherent bias that women, blacks, and hispanics face when fundraising.
[1] https://www.cbinsights.com/blog/venture-capital-demographics...