Melinda Gates Bashes 'White Guys,' Says She'll Discriminate Against ThemBy Joy PullmannThe Federalist Jun. 05, 2018 |
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Melinda Gates has decided to enter the venture capital world by sending her money to people based at least partly on their sex and skin color, she said in a recent Fortune interview. "It's been incredibly disappointing to watch how few women-led businesses are getting funded," Gates said. "Ultimately, if we want more innovation and better products, we've got to put more money behind women and minorities. That wasn't happening, so I decided to step in and see what I could do to help a little bit." Here are other portions of her interview where Gates specifically says some criteria for how she invests in startups are race and sex. She clearly says she preferences women and non-whites over men and white people, specifically for these immutable characteristics that have nothing inherently to do with business success. "Over-index" is essentially a financial or data version of affirmative action. I am specifically looking at funds who over-index on women-led and minority-led businesses.A white man could easily make products that meet minority women's needs and desires, and vice versa. Their race and sex has nothing to do with their drive and ingenuity. But Gates implies that they do, which is weird and patently stupid, to put it mildly. Read More |