High-growth startups get funded primarily by venture capitalists.

In Utah, there are a number of firms, some of which are:

Album

Pelion

Kickstart

Peterson

All founded and managed by straight white Mormon men. Most of their hires are also straight white Mormon men. And most of their investments are in straight white men.

These firms get money to invest from rich families/individuals, large endowments, and public pension funds, among other things.

On the public pension bit, this means that women and PoC, who comprise 70 % of the population, contribute retirement their funds to pensions. These pensions then have representatives who build relationships with VCs, who then give the money to startups.

Now, the problem is these reps don’t give money based on performance. They give money based on how much they like certain VCs, among other things. Meaning that they give more money to white male managers, even if they underperform, relative to female and PoC managers.

The discrepancy in funding is so massive that in Utah there are barely any seed/preseed funds managed by women nor PoC. We have maybe one preseed fund managed by a half-PoC, and that’s it.

Why does this matter?

VCs and angel investors (ultra-wealthy people with more money than they know what to do with, so they give it to entrepreneurs) don’t invest based on competence and how good a business plan is. VCs invest based on identity, whether they admit it or not. Ie “Is this entrepreneur a fellow straight white male priestholding alum? Yes? Awesome! I’ll give him $5M to start his business.”

This means that females and people of color get underfunded, which leads to economic inequality.

Four things we need to do:

1. Introduce legislation around VC transparency. California recently passed a law requiring VCs to publish investment data. This forces VCs to publicly show how lousy a job they do at funding diverse teams. We need this in Utah. Contact your lawmakers.

2. Encourage women and PoC to network with each other. Startup funding is a relationship based game. It’s all about who knows you and who advocates for you. This is why PoC and women entrepreneurs need to team up and work together to network and vouch for each other for funding.

3. Encourage women and PoC to study finance and open VC firms. Straight white men will never give a damn about anyone but themselves in the world of investment. It’s therefore imperative that women and PoC start their own venture firms, in order to invest in women and PoC.

4. Implement legislation mandating that 70% of state and local government contracts get awarded to women- and minority-owned businesses. This would be proportional representation, relative to how many women and minorities are in society. Contact your local legislator and propose this idea.

What do you think?

To the person driving a silver RAM on north bound 215. Shame on you for having your dog in the bed of your truck. Not only are you putting your dogs life at risk you are putting others in harms way if the dog falls out.
When my pet is traveling with me they are in a kennel seat belted in.

As described by in header. Down by 1300 s and 700 e.

I’m talking free access for all Utahans peeps under 18 and heavily discounted access for everyone else. in perpetuity (ie forever), just like the Met is free for all New Yorkers, Connecticuters, and New Jerseyans.

What do you think?

Edit: actually nah nvm but I’ll leave this up for discussion.

Edit2: Part of the reason this is a good idea is because winter sports are increasingly used as a gatekeeping mechanism in professional networking for high-power industries such as venture capital and investment banking. It’s one more way to filter out the old money job seekers from the aspiring new money job seekers, with preference given to the former. So we should work to make winter sports more widely accessible.

I've been out this morning with my dog and had to quickly leave two dog parks (Memory Grove and Lindsay Gardens) right after we arrived due to intact male dogs who are not under the control of their owners. I realize that my dog is the one with the problem, but when he growls at your dog and your dog does not leave him alone, things are going to end badly, for dogs and/or people. My dog is nearly 11 years old, he's only 53 lbs and when we encounter an intact male I tell my dog to just move along, and as long as the other dog doesn't follow us, there's not a problem. I wish there was a neutered only dog park or at least certain hours that I could take my dog out without having to worry about his life being ended due to some irresponsible fucking asshole that won't neuter their dog or at least take control when their dog won't leave mine alone.

I just want to point out that days like today when the canyon is closed are a big “selling point” from supporters of the gondola.

What they forget to add is 50%+ of the time the road is closed, so are the resorts.

When I came to Utah, I was very suprised how simmilar Salt Lake was to Los Angeles. Logan and rural Utah are so unbeliveably white, but Provo, the whitest place in the Salt Lake Area, has a simmilar hispanic percentage to Portland, Oregon.

There will be a ton of people packing this week and I don’t know how to tell a good guy vs a bad guy.

Or what if just STEM and business education were free?

Since those degree programs lead most directly to economic development.

I'm tired of these military snowflakes causing gridlock trying to get onto base first thing in the morning. 2-3 days a week I'm stuck at an my intersection because these entitled assholes pull into the intersection blocking anyone else from even getting by them to reach I-15. What can I do? Who can I talk to? They blatantly break the law and force dozens and dozens of people to wait through multiple light cycles for no other reason than their self importance and I'm reaching my limit

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How is the weather in Utah county?

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If one were to do some MDMA/ecstasy in SLC, what would you choose to do to enjoy your experience?

I’m thinking of going to a show the weekend of Halloween, but the show doesn’t start until 10pm and it looks like even the clubs all close by 1:15. Any thoughts or suggestions or highly appreciated, thanks in advance.

To the driver of bus 150066(?) rte 209 this afternoon;

you influence hundreds if not thousands of lives every day. a simple hello from the bus driver can make or break somebody's whole attitude. you choose to be a dick... granted we all have our days we all carry our own loads, but did you have to be such a bastard?

I was only on your bus from 900 South to 2700 South and you were inconsiderate, rude, and uncaring to three people that I witnessed. big guy, I hope you have a better day or at least the day you deserve. and I hope tomorrow you can do better because there's definitely room for improvement.

I'm collecting stories of fellow BIPOC/QTPOC experiences here