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🗞️Diversity and inclusion news🗞️
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👀Are you getting DEI gaslit👀
So we wanted to share some signs with you about what we saw in Silicon Republic about what to look out for when you're questioning the DEI commitment of companies.
Homogenous leadership
Speaks for itself
Inconsiderate infrastructure is the workplace set up to accommodate applicants considered ‘atypical’, then it is likely that their DEI efforts are surface-level only.
Limited growth
Lots of diversity in the junior ranks compared to senior leadership
Training and HR
If it's old, tickbox and outdated
Read more here
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🧠Things that make you go hmmm🧠
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📲Fearless fund settlement📲
So this one dropped a little to last minute for us last week but was important to note.👀
The Fearless Fund, The US fund that was giving out $20k to Black women that got sued for doing just that decided to settle?💸
Why? Well rather than lose and take it up to the Supreme Court which could set a judgment for a lifetime, they decided it's better to lose this battle and give scope for others doing similar work to continue either forcing individual litigation against them, or potentially nothing at all.😮
You can read more here and image credit Fearless fund
So what?
It's a win for those who don't like the concept of giving money only to Black Women. The decision to settle however still affords some scope for those who decide to do things for others too.
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😅Award for the most obvious headline😅
Yep it goes to the BBC with the headline "Women in tech groups 'can’t run on inspiration alone"😅
Yes for those who don't fully get that, paying the (Expensive) bills Women and groups like ours, doesn't happen without people paying for it.💁🏾♀️
For clarity we're funded largely by corporate sponsorship, and if we don't get enough of it, like the women cited, we can't run on inspiration alone. It's worth thinking about that in the context of the DEI push back's were seeing if you're in the position to make an introduction to someone for them, us or whoever if you think the world is a better place for our existence.🥰 Alternatively get a BTF ticket to start with
Read more here
So what?
What sort of world are we heading for if these groups fail to exist
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📸Open AI's latest model📸
This week Open AI released o1 and o1-mini, which is claims are models that are better at answering more complex questions faster than a human can. The model is better at writing code and solving multistep problems than previous models, but it is more expensive for developers and slower to use than GPT-4o The one that is in mass release)🤖
Eventually the plan is for this one to go to the masses but until then if you pay you'll see it sooner💰
See it here
So what?
So that's your heads up
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🏢Back to the office🏢
In what the FT called one of the "Strictest corporact crackdowns" Amazon CEO Andy Jassy sent a memo to all staff telling them that from next year they will be required to return to the office "the way we were before the onset of covid" 5 days a week👀
We've written a lot for about some of the implications this may make for women and the disabled but Amazon may be a trendsetter🏢
So what?
WFH has been heralded for some of its positives in enabling those who have challenges in getting into the office being able to contribute to work. We imagine more companies will follow in the footsteps as Amazon as some of these gains may not outway the perceived downsides for a set of (often privileged) leaders
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📈 The tools behind the tech📉
📦Product📦
📏Design📏
👩🏿💻Code👩🏿💻
🏢The business behind the tech🏢
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🌐Partner Events & Opportunties 🌐
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💸We're hiring💸
Yes you read that right, We're looking for someone to join the team who is passionate about Venture, Startups and Education as our new Startup and VC lead
Take a look here if you're interested
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💸Discounts to Sifted summit💸
Use the code CPCIT20 on the first page of the registration process when it asks for a promo code.
This code is redeemable against any of the different ticket types.
Dates: 2 -3 October
Venue: Magazine London
Tagline: Where startups make headlines
Theme: Startup revival
European tech has taken a beating — but startups are bouncing back. This year, Sifted Summit will explore how Europe’s leading founders, startup operators and investors are recalibrating.
Website: Link here
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🙌🏾1:1 with an investment partner🙌🏾
@Ada Ventures' are partners with us at @BTF!
This year, the team has a whole stage and multiple opportunities for underrepresented startup founders. And one of those opportunities includes... a 1:1 sit-down with investment partner Check Warner!
Ada is getting involved to meet more founders working across our thesis areas, being built by black and underrepresented founders. In other words, we want to meet you!
So, if your business is founded/co-founded by an underrepresented founder and building a startup across our Fund II thesis industries in pre-seed or seed, apply using the link below to meet Check on the 10th October in London!
- Climate equity — climate technologies and urbanisation/mobility
- Healthy ageing — biotech and personalised (mental and physical) health
- Economic empowerment — equitable work and financial infrastructure
Link: https://www.joinbtf.com/2024/1-to-1-with-investors
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🙌🏾The latest from the Colorintech team🙌🏾
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