Town Owners, European Ways & Women Problem 🤫

When venture capitalists talk about diversity, they really mean “white women” — at least that’s what the research suggests. 

According to a report by BBG Ventures (exclusively shared with Fortune), 79% of funding marked for diverse founders in seed-stage investments goes to white women (image below).

Not just this, even data from Crunchbase revealed that white women secured 64% of the 32,000 diversity investment deals by count and a more significant 79% of the $3.17 billion seed-stage funds allocated for diverse founders. On the other hand, women of color received under 10% of such investment deals. The case for black women founders is more depressing. Case in point: the venture fund that was recently sued for providing capital to Black women founders. 

No doubt, this raises concerns about the authenticity of efforts made to diversify investment portfolios. The question arises: Are investors unintentionally favoring a particular group, primarily "Stanford-educated" white women, rather than genuinely fostering diversity among founders?

X is now trying to join the exhaustive list of hiring websites (as if there weren’t already enough sites to look for jobs). 

In a recent post, the company’s new @Hiring account announced that it was officially launching the beta version of its Hiring feature. Right now the feature is exclusively available to only X verified organizations. 

While the feature is still in beta, job postings have already started showing up on some accounts on the platform. Vercel (image below) already has job postings showing up on its profile. 

Thoughts: It’s not quite odd for a social media platform to provide job postings for users. Facebook, in its heyday, had thousands of extremely active pages dedicated for job posts and hiring information. WhatsApp, Skype and Slack all have hiring communities with thousands of members. So why should X be left behind? In fact, the hiring feature could be one more step towards X becoming the everything app that CEO Elon Musk has ambitions for.

All this for a company that owns 52000 acres in the Bay Area — including agricultural and industrial zones, and areas with wind turbines and natural gas storage. 

Where is the money for these purchases coming from? Flannery describes itself as “an agricultural business led by a group of architects and planners and funded by a group of California firms and wealthy families.”

Investigations are underway. The U.S. Air Force’s Foreign Investment Risk Review office, the U.S. Department of Agriculture and the Committee on Foreign Investment have all been reviewing the purchases for months.

A new Morning Consult study asked whether American companies should adopt certain work norms seen in Europe. Large majorities of employed American adults responded in favor of every tested policy in the EU. Support was strongest for extended vacation periods and lunch breaks.

🚴‍♂️ Riding The Lows? No thanks - Peloton customers are cancelling subscriptions. Stock hit an all-time low of $5.27 last week. 

💢 LinkedIn's Romance Problem - 91% of women have reported receiving an unwanted romantic message on LinkedIn.