At the latest Justwomen panel, held March 29th at Town Stages in New York City, the team behind the event did something they’d never done before: invited men.
The goal behind this update? To foster inclusion and create a conversation around change and forward movement.
Get to know some of the MWBE customers in our community.
In a recent interview with Inc., Sales Manager and Justwomen founder Valerie Avila, expanded on the need for an inclusive dialogue.
"If we're only telling women that we need more equity and that we need more women in leadership positions, we're talking to a group of people that are agreeing and yet are not always in a position to pave the way for change,” Valerie said.
An Inclusive Dialogue
The event featured four panelists from the world of venture capital, with a conversation that focused heavily on the current model of diversity and inclusion in investing. Having a panel made up of both men and women proved to be beneficial, creating an honest and engaging conversation for the audience.
Some panelists, including Ben Sun from Primary Venture Partners, spoke about the challenges of inclusion in venture capital — namely that so much is built on referral networks.
“Referrals are people you know, and they may not lend themselves to getting more diversity,” Ben said. “We’ve got to build stronger networks of women in tech.”
Beth Ferreira of FirstMark Capital also touched on these challenges, and how some businesses are becoming conscious of their shortcomings in terms of women and minorities.
“I’m now starting to see founders apologize for their team pages,” Beth said. “They’ll say, ‘Oh I’m so sorry it’s not a diverse team.’”
It’s clear that regardless of gender, people within venture capital recognize the problems they face. Awareness is one thing, but what about action?
Taking Steps Toward Change
For many, including Peter Boyce II of General Catalyst, action starts small. He experienced this firsthand when he simply invited a woman on his team to a board meeting. A small gesture for him had a huge impact on her.
“What was so scary to me was how little it took to create that opportunity for her,” Peter recalled. “[It’s] about those little moments that we can enable along the way. I’ve got to be aware and take the chance, and create the opportunity for others.”
Men taking those actionable steps to create change for and alongside women in the industry was a big takeaway from the panel. For Soraya Darabi of Trail Mix Ventures, this message mirrored her own journey into venture capital.
“For a long time, I was going to the conferences and trying to edge my way in. The conversations would be very ‘inside baseball’ and lean toward misogyny,” she said. “I always felt like an outsider, and yet, it took two male insiders to tell me I had what it took to do this.”
Soraya also pointed out that in venture capital in 2017, only 2% of dollars went to female founders. Bias exists, and it’s going to take men and women working together to find solutions.
"Men and women go through different experiences, yes,” said Valerie. “But just because the experiences are different doesn’t mean they're incapable of listening to each other, learning from one another and propelling each other forward.”
In venture capital, investing, and beyond, change is taking shape. These Justwomen events are one part of the conversation, and asking men to join the dialogue is a step that proved worth taking.
Want to get involved? Sign up for the next Justwomen event here.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.