In 2020 none of the $4.4 billion in venture funding raised in the region went to female founder-led startups. The lack of support in the early stages of entrepreneurship, poor access to capital, and the lack of women investors in venture capital funds are among the main reasons. Of the more than 800 companies recently surveyed by Endeavor and Mastercard for a whitepaper on bridging the gender gap within tech companies in Latin America, only 23% had at least one woman on their founding team, and only 9% had one or more all-female founders. Racial and
More than half the country’s workforce identifies as Black or mixed race in Brazil, yet less than 30% of these workers occupy managerial roles. Beyond the scarcity of Black professionals in IT departments in Brazil, a study by diversity initiative Preta Lab in partnership with consulting firm ThoughtWorks in 2020 found that 50.4% of teams do not have “non-heterosexual” staff. The inclusion of indigenous people and people with disabilities is also nearly absent in Brazil: 85.4% of the participants reported no disabled people in their team, and in 95.9%, there were no
According to sources who spoke to the ‘Rest of World‘ and compiled salary data, demand for tech talent is skyrocketing, but supply remains relatively scarce, fuelling fierce competition between startups and established tech companies. The publication’s report comes after research we published several weeks ago showed that over the past five years, tech and science jobs in the United States have outnumbered qualified workers by roughly 3 million. And according to the recent study we quoted – the next decade could see a global shortage of more than 85 million
Since its launch, AfroSaúde has helped 2,000 patients to find and book consultations with nearly 1,000 black professionals in Brazil, including medical practitioners, dentists, and therapists. Payment for the consultations is made through the AfroSaúde platform, which takes a commission. Igor Leo Rocha, a journalist, who suffers from folliculitis, a bacterial condition whereby hair grows back into the skin when it is cut, causing painful inflammation, launched the platform in 2019 with his partner Arthur Lima. Their reasons? Rocha told the FT that many doctors he saw prescribed “strong medication
A migrant rights group has condemned a US tech startup’s video pitch that shows a stun gun-armed drone attacking a migrant crossing the US-Mexico border. At the same time, Twitter users called the scenario depicted “atrocious”. CEO Blake Resnick recently appeared on Fox Business News to celebrate a venture capital coup: $25 million from Silicon Valley A-listers like Sam Altman and ex-LinkedIn CEO Jeff Weiner’s Next Play Venture. He told Fox Business’s Stuart Varney that Brinc’s quadcopter drones are helping police defuse dangerous hostage situations on a near-daily basis. The
