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Comment by john_b | Hacker News Reader

From the OP:

> "We want to be sure we’re not discriminating against founders in our funding decisions at YC"

This is not an affirmative action program. YC is an accelerator, not a charity. It primarily seeks long term positive returns, and to do that you have to evaluate people and their ideas based on merit, not their gender. Having more female founders would probably be better for the startup ecosystem as a whole, but "actively preferring" a class of candidates based on attributes poorly correlated with their probability of success would be bad for YC.

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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.

[1] https://www.cbinsights.com/blog/venture-capital-demographics...

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..."

This is not an affirmative action program. YC is an accelerator, not a charity.

Let's not inject FUD about affirmative action into this conversation.

MIT, for instance, has a robust affirmative action program and I can assure you the Institute isn't in the business of picking unqualified applicants. One of the most famous (and successful) affirmative action programs in the world is implemented by the NFL — hardly a charity.

http://en.wikipedia.org/wiki/Rooney_Rule

Institutions that implement affirmative action do so selfishly to ensure that they're fielding the best proverbial team possible.

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