1000+ Startup, SME's & Enterprises
September 30, 2020

Greylock and MLT are seeking to diversify the asset cycle of technology

Consult Our Experts

To discuss problems of diversity and inclusion in the technology sector, Greylock Partners has teamed up with Management Leadership for Tomorrow.https://www.fluper.com/contact-us

“Our opinion is that this has to be a systematic plan,” John Rice, founder, and CEO of MLT told TechCrunch. It’s not just a program for coding, a mentor program, a fellowship program. There are plenty of wonderful ones. They are meaningful. But what we are saying is you have to work and take a long-term view of all these levers. Our view is that we can exponentially shift the needle to expand minority engagement in the tech ecosystem’s highest leverage areas.

For starters, the multi-faceted partnership will allow Greylock to tap into the network of approximately 8,000 Black, Latinx, and Indigenous professionals from MLT and link them to potential positions in the portfolio companies of the business. Besides, Greylock and MLT will partner to encourage retention in those firms, as well as help MLT professionals, pursue venture capital careers.

Yet promoters, early hires, and investors earn the greatest financial returns. This creates this network where those early employees and alumni from top companies such as Facebook or Google then continue to become entrepreneurs in the wealth creation cycle of the next generation of startups, Sze said.

“And the loop is repeating itself,” said Sze.

Then, he said, VCs are willing to help teams of individuals who used to work at those high-growth companies.

It compounds in their favor for those folks in the scheme, but that means for those left out, it becomes harder to find out how to get into it, Sze said.

That’s a big reason why Greylock and MLT are working with these tech start-ups to try to get more Black, Latinx, and Indigenous people. And it’s not because there’s a pipeline shortage, because, Sze said, there’s plenty of talent accessible.

Read more: A Complete Guide on NFT Real World Asset

But he said that “the problem is really on our side” if there is a pipeline problem.

“That’s not on the talent line,” said Sze. “There’s a great deal of talent out there. It is that the networks and structures that have existed and developed in the Valley over time have not been conducive to that group’s inclusion.

Not only do leaders need to be well-educated, but they also need to be willing to keep themselves accountable to be more educated. And that doesn’t need them to be experts on racial history. It needs them to understand how, you know, they understand AI and Bitcoin and stuff like that. Comprehend this stuff.

Leadership, Rice said, also looks like committing to a holistic approach with the same degree of rigor that venture capitalists apply to how they invest in businesses, and that tech companies apply to their growth.

If we don’t have the same degree of rigor in our methodology and just assume that with spontaneous acts of diversity, we can pass the needle, then we’re done. We’re not going to get the needle moving. It will, you know, take a thorough approach.

Conclusion:

The partners of Greylock have contributed $5 million to anchor the first-ever impact fund of MLT, which enables MLT to be a limited partner in the newest fund of Greylock, a $1 billion fund.Disclaimer Application Development Services Connect

Hire Our Development Experts.

    About Author


    Coo of Fluper, Perfect blend of beauty, style and intelligence highlighted by sudden sparks of enthusiasm.

    Richa Sharma

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    15+ Million

    Users Engagement

    Guaranteed

    Project Delivery

    Free

    Business Analysis

    Project

    Penalty Enforcement

    IBM

    Certified Partners

    1000+

    Projects Delivered

    16+ Years of

    Of IT Exposure

    Support

    24*7 Availability
    Our Blogs
         

    Transform Your Business With Insights on Digitalization, Automation, Technology Integration and ICT Trends.

    May, 20.2024

    App Development:

    Android apps that are dangerous for
    you, check now how to be safe!

    Read More

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    Their Statements are Proud
    Testaments to our Dedication

    Fluper is the best ICT Company that navigates the digital frontier with unmatched solutions pursuit for excellence. Undoubtedly, there is an intense contribution of agile thinkers and growth facilitators behind the screens of our developing excellence.

    • 4.5/5.0
    • 4.8/5.0
    • 4.9/5.0
    • 4.6/5.0
    • 4.8/5.0
    • 4.9/5.0

    1000+ Startups, SMEs & Enterprises

    Launch your Million Dollar Business Idea Into a Successful Growth Story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 142, Sector 63 Rd, C Block, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Call Fluper

    Bahrain: +973-3222-0548

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +973-3222-0548

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-29-1919-752

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +61-29-1919-752

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-208-089-4432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +44-208-089-4432

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    USA: +1-917-732-2131

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +1-917-732-2131

    Let's Talk!