Our initiative is to increase diversity and inclusion in the Techstars network and entrepreneurship communities.
We know that the active engagement of a diverse group of entrepreneurs will lead to the economic empowerment of underrepresented people around the world, making the world a better place for everyone. Data shows that diverse teams are more innovative, which leads to stronger profitability. Diversity and inclusion are good for business.
#GiveFirst is a core value for all of us at Techstars—a way for us to continually improve the world around us. D&I is part of how we execute on that commitment.
Techstars is committed to being an action-driven thought leader on diversity, inclusion, and equity in the tech ecosystem.
The research is clear:
A study published in American Sociological Review of 500 U.S. businesses found that companies with diverse teams outperform their less diverse competitors—generating higher sales revenue, more customers, greater market share, and greater profits.
A study by McKinsey in 2015 found that companies in the top quartile for gender diversity are 15% more likely to perform above the mean in their industry and those in the top quartile for race/ethnic diversity are 35% more likely to outperform others in their industry.
A study by Morgan Stanley in 2016 found that the more diverse companies delivered better returns and were less volatile.
The more diverse your team is, the more you'll see this reflected in your bottom line.
We will regularly publish progress on our diversity initiatives. Check out our blog to keep tabs on how we're doing.
Ethnically diverse companies were 35 percent more likely to financially outperform those in the bottom quartile for gender or racial and ethnic diversity.
What is Diversity & Inclusion?
Diversity is about reflecting the mixture of differences and similarities found in the world and acknowledging the related tensions as we strive to develop more inclusive and high-performing environments.
Inclusion is about creating, embracing, and maintaining an environment in which an individual's uniqueness, contributions, and strengths are welcomed and valued.
When you look at the Techstars Code of Conduct you will see that the principle of inclusion has been part of Techstars since day one. We believe that to develop an inclusive environment we give first, we act with integrity, and we treat others with respect.
Techstars is committed to improving opportunities for underrepresented individuals throughout our worldwide network and to be a leader in inclusive entrepreneurship.
Recruitment and retention of Techstars staff that reflects the diversity of the communities we serve
Developing and supporting underrepresented entrepreneurs by fostering an inclusive Techstars Network
Establish Techstars as an action-driven thought leader for diversity and inclusion
The Kapor Capital Founders' Commitments have evolved into a set of four actions known as "G.I.V.E." (Goals, Invest, Volunteer, and Educate). By following these actions, we hope to ensure that Techstars and our founders reflect the diversity in the world.
Moreover, we believe that by committing to the Kapor Capital Founders' Commitments we are living and practicing the Techstars Code of Conduct.