This startup CEO requires investors to disclose any prior allegations of sexual harassment and discrimination. 'We were able to share very clearly what we value as founders and our shared expectations about diversity, equality and general fairness.'
Elizabeth Giorgi was used to pitching her company to all-male teams of venture capitalists. Her Denver, Colo.-based company, Soona, specializes in shooting photographs and video, and delivering the results the same day. She recently landed funding from a male VC. Giorgi said she shared her dreams and vision for making meaningful change in the world.
Giorgi said there is an notable gender imbalance in the VC community, which she hopes to help address. “When a founder and investor are in the process of developing a relationship, it’s natural to feel close because of this exchange,” she added. “Who wouldn’t feel close to someone when discussing your vision for the future and all the incredible people you are doing it with?”
The clause is designed to provide legal protection and raise the expectations each party has of each other. “The disclosure requires all parties to disclose if any of the investors, members of their fund or their representatives have ever been accused of sexual assault, sexual harassment or sexually-inappropriate behavior,” she wrote in a blog post on the site to introduce the clause.
Those results could also speak to demographic factors and the gender disparity in the VC community. More men than women may have been looking for funding, a factor that does not address the reasons why there appears to be fewer women founders than men. The researchers looked at the biggest 135 U.S. firms by the number of companies they invested in, so the size of the VC firms and their investments may also have helped to skew the results.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Portal A found success in bypassing the traditional ad agency model - Business InsiderHow 3 childhood friends with no ad industry experience became YouTube's longtime agency and created videos for Odell Beckham and Steph Curry
Read more »
Kim Kardashian trolled for waiting over a week to post New Year underwear snapKim Kardashian revealed she had banned herself from taking nude photos in November but she didn't wait long to post another sexy snap
Read more »
Venture capitalist compares Elon Musk's Tesla strategy in China to Sun Tzu's 'Art of War''Go right to the home territory of your competitor and make sure you dominate there,' venture capitalist Paul Holland said on CNBC.
Read more »
Human Ken Doll feared arrest in Dubai airport after her sexy lingerie was foundEXCLUSIVE: 'Human Ken Doll' Rodrigo Alves told an 'awful lie' to the airport security out of fear that she would not be allowed into the country after his bag was scanned
Read more »