Ulu Ventures, reportedly the largest Latina-led fund in the US, has raised $208 million for its fourth fund. The fund supports seed-stage tech startups in the US using an inclusive, data-based approach that seeks to limit cognitive bias without shutting out any demographic group. This strategy has led to a more diverse portfolio than traditional venture investments. “Ulu is a beacon for the most talented entrepreneurial teams because we reduce bias by applying impartial methods of assessing risk and the same criteria to all people,” CEO, Co-founder, and Managing Director
DEI Under Fire is our monthly series that keeps you up-to-date on the latest DEI announcements and changes from the nation’s leading companies. The landscape of DEI has changed significantly over the past couple of months in the US. Some companies have succumbed to political pressure to roll back their DEI initiatives, while others stand firm in their diversity and inclusion stances. With so many changes to DEI in a short matter of time, it isn’t easy to keep up with where companies stand with DEI. This is why POCIT
Meta will start a round of layoffs in Africa, Europe, and Asia, affecting over 3000 employees, beginning Monday, 10 February 2024, according to Techpoint. Staff members in most countries (including Africa) will receive their notices from 5:00 am local time. Due to local labor laws, employees in Germany, France, Italy, or the Netherlands are excluded. But, staff members in Asia, Africa, and other parts of Europe could expect bad news between any time from February 11 and 18. This is not the first time Meta has scaled back its workforce
Shopify has removed Kanye West’s online shop because of the risk of fraud, not because it was selling swastika shirts, as stated by an internal staff announcement acquired by The Logic. Shopify’s general counsel Jess Hertz posted a message on Slack saying that West’s swastika-emblazoned T-shirt that was listed for sale was “a stunt” and “not a good faith attempt to make money.” She added that it “brought with it the real risk of fraud. It was for this reason that the store had been closed.” Shopify sells swastika shirts On
Black federal health workers have expressed fear after a right-wing group published the ‘DEI watch list,’ which published the images, names, and public information of numerous workers across different health agencies. NBC reported that the website is being shared among several private group chats of federal health workers across agencies and social media links, as stated by a government worker. The majority of the website’s employees are Black workers from the Department of Health and Human Services (HHS). Dr. Georges Benjamin, the executive director of the American Public Health Association,
Just days before leading the Philadelphia Eagles to a historic Super Bowl win against the Kansas City Chiefs in New Orleans, running back Saquon Barkley announced he had joined Ramp as an investor. The New York-based financial operations platform is designed to save companies time and money and is Barkley’s largest private technology investment. “I’ve always believed a winning mindset applies to every part of life,” Barkley said in a press release. “If you want to dominate, you don’t switch off when the clock hits zero, and I demand that
We know that Black businesses are underrepresented in the business world; however, the number of Black-owned businesses in the US has spiked, according to a study by LendingTree. The study also found that Black-owned businesses are more likely to be led by women. While women run one-fifth (22.3%) of all US businesses, they lead two-fifths (39.1%) of Black-owned businesses—nearly twice the national average. Additionally, it found that Atlanta is the hub for Black-owned businesses for the third year running. The percentage of Black businesses is growing in the US. The
Rapper Kanye West, known as Ye, sold swastika shirts on a site hosted by Shopify Inc. during the Super Bowl, according to Bloomberg. During the NFL championship, West ran a commercial on Sunday night instructing viewers to “go to yeezy.com.” Days before this, the rapper had praised Hitler and posted antisemitic content on his now-deactivated X account. Hate speech on Shopify On Monday, West’s website featured one item for sale: a white shirt with a black Nazi swastika in its center, listed under the product name HH-01. The site’s source
DEI is the buzzword in America as more companies continue to scale back on their DEI policies. Big retailers and companies started announcing their removal of DEI last year. However, Trump’s revoking a six-decade-old executive order that prohibited workplace discrimination by federal contractors has further impacted companies’ stances on DEI. But how much impact have these initiatives had on diversity in the workplace? According to a Wall Street Journal analysis, not that much. The Wall Street Journal examined 13 million workers at S&P 500 companies and found that DEI efforts haven’t significantly
Viriginia-based entrepreneur DeShuna Spencer launched a website to track corporate responsibility for DEI initiatives. DEI Watch aims to help consumers decide which brands to support (or not). A former journalist, Spencer, created the site to promote transparency and empower buying decisions. Though she is not promoting boycotts, she says, “But if you want to, we wanted to create a platform that’s as accurate as possible,” Spencer told Axios. Spencer is also the founder of kweliTV (sometimes referred to as Black Netflix), a streaming service with over 800 international films, documentaries, and kids’
