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Want To Solve Venture Capital's Diversity Problem? Start With Pension Funds

"All of the data indicates when you have diverse boards and diverse leadership, you have better returns. I would argue you're actually violating your fiduciary responsibility by not paying attention to the data."

For the third in our series examining diversity in venture capital reporter Ben Bergman looks at the role that limited partners could — and in some cases do — play in increasing diversity in the VC and startup worlds.

If you missed them, catch our previous stories on homogeneity in VC culture and the view of that culture through the eyes of black VCs.

AMC Theatres has reversed its position on mask-wearing in theaters after just one day.

The Bay Area's HellaCreative successfully pushed to make Juneteenth a recognized holiday at many tech outlets this year.

Snapchat's Juneteenth filter, which allowed you to break augmented reality chains by smiling, was a disaster. The social media giant discontinued it and issued an apology by the day's end.

Check out the Behind Her Empire podcast, a look at self-made women entrepreneurs. We'll be including their weekly episodes here in our newsletter, but you can also download them on Stitcher.

Our next strategy session is coming up. We'll look at Wall Street during the pandemic. Register here.

Lip Service is Cheap; Money Talks

There is lot that VCs and founders can do to improve diversity, but it is the limited partners who fund the whole ecosystem who could make the biggest difference. Here's how they did it in Illinois >>

Behind Her Empire Podcast: Nyakio Grieco, Founder of Nyakio Beauty

Nyakio Grieco's company evolved from her grandmother's beauty secrets. A coffee farmer in Kenya, she used the beans to exfoliate and take care of her skin. Hear Grieco's story and subscribe to BHE >>

Catch Up With This Week's Startup News 

Lots happened in the L.A. tech and startup community this week. dot.LA Chief Host and Correspondent Kelly O'Grady takes you through the key stories. Watch the recap >>

Amazon Takes Heat for Chicken and Waffles Juneteenth Celebration

Amazon warehouse workers in Chicago expressed outrage at a flyer advertising a chicken and waffles event to commemorate Juneteenth, a celebration of the end of slavery in the U.S. Read more >>

Join Us for Our Next Strategy Session on the View From Wall Street

Our next strategy session takes place at 11:00 a.m. PST on Tuesday with Spencer Rascoff and Evercore analysts John Scuorzo and Zaheed Kajani. Read more and register here >>

What' Does The Office Look Like in 2021?

Join us Tuesday, June 30th at 11:00 am PST for the next dot.LA Strategy Session in partnership with HelloOffice. After the coronavirus subsides, how much work will stay remote and how will offices adapt? We'll speak with panelists from Fifth Wall and HelloOffice to find out. Read more and register here >>

Our Next Startup Pitch Showcase: Real Estate Tech

Our next startup pitch showcase is coming up at 11:00 am PST on Thursday, July 2nd. Leading real estate news source Inman's founder Brad Inman will join us, along with Zillow (and dot.LA) cofounder Spencer Rascoff. Register to watch here >>

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