Access to capital and access to high-paying careers are apparently more difficult to access than the technology being used by women and minorities. Below are several articles published over the last two years which speaks more on the small progress made to increase access to this market.
“One issue is that black and Hispanic computer science and engineering graduates are less likely than white and Asian ones to go into tech jobs. Forty percent of young Asian graduates do so, compared with 16 percent of black graduates and 12 percent of Hispanics, according to American Community Survey data.” From NY Times: Why Tech Degrees Are Not Putting More Blacks and Hispanics Into Tech Jobs
“In short, women and minorities are underutilized powerhouses of tech talent,” says Mitsch. “The tech workforce is humongous and currently, isn’t representative of the vast majority of people who use technology to navigate their daily lives. This imbalance is both a business and cultural problem.” – From Forbes: Why Women and Minorities Are the Future of Tech
“A survey of the top 9 tech companies in Silicon Valley by Fortune reveals that on average, women comprise about one-third of the workforce. That gap expands the higher up you go in an organization, with the best company showing women holding 29% of leadership jobs. In general, companies made slightly better progress on ethnic diversity than they did on increasing their percentages of female employees, although not in leadership roles.” From Forbes: The Lack Of Diversity In Tech Is A Cultural Issue
“We knew it was bad, but no one was quantifying it,” said Finney, founder of Digital Undivided, a social enterprise that runs an accelerator program for startups led by black and Latina women. “It was just, ‘there are no black people, there are no black women.’ Anecdotally, we knew it to be true.” – From Forbes: Inside One Woman Investor’s Plan To Get Black Female Founders Funding