DEMI Fund’s Post

I have a saying. . . “People’s Bias will eat their logic for lunch” . It’s a funny saying but implicit bias and the illogical behaviors that result have devastating results on people, communities and our economy. Personal example: my whole career, I have heard “you don’t look like a CFO”. 🤷🏽♀️ That is racial and gender bias that people may not even know they have. If you think I don’t look like a CFO, you will mostly like behave as such which will cause discriminatory behaviors like: 💡Failure to remember a CFO has significant expertise in contract compliance and negotiation so you audaciously operate outside of contract terms 💡 Non-finance people constantly questioning financial decisions creating ineffecincies abound 💡 poking holes in financial success believing if this person won, something must be wrong. 💡over or duplicative review of work or additional and bias audits of my work It’s this cycle that lies just beneath the surface, reinforcing inequitable systems. You don’t look like a CFO or investor turns into = .03% of all Private Equity Assets are managed by people that look like me. 📈 If everyone’s instinct is to explain away thes behaviors or label those who point them out as difficult, the wealth gap will continue to head backwards and just in case you think that doesn’t effect you, this gap effects us all at the most macro and micro levels of our economy. #venturecapital #privateequity #investmentstrategy #investmentbanking #womeninbusiness