• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipraceAhead

raceAhead: Europe’s Tech Industry Has a Diversity Problem Too

Ellen McGirt
By
Ellen McGirt
Ellen McGirt
Down Arrow Button Icon
Ellen McGirt
By
Ellen McGirt
Ellen McGirt
Down Arrow Button Icon
December 12, 2018, 3:09 PM ET

Grace Donnelly, raceAhead’s fearless editor, traveled to Finland recently to moderate a discussion about the future of feeding a growing global population at the Slush startup conference in Helsinki.

She also found an ecosystem where inclusion was top of mind.

“This year 93% of funds from venture capital firms in Europe went to startups founded only by men,” she writes. But investors there seem to be taking responsibility for the lack of diversity among the founders they are funding.

“The VC industry has failed on this,” Skype co-founder and Atomico CEO Niklas Zennström said on stage as he and Check Warner, co-founder of the nonprofit Diversity VC, introduced the Diversity and Inclusion in Tech Guide, a toolkit they created in collaboration with about 60 experts and entrepreneurs that aims to help founders grow their startups into diverse organizations.

Companies hoping to secure funding from Atomico should expect questions about their culture, Zennström said. “And if they don’t care about diversity, that’s going to be a big red flag.”

A diversity policy is also one of the requirements in the firm’s term sheets, he added.

Warner said that while many founders understand diversity is important, they don’t know where to begin.

“I think there’s a massive disconnect within the tech industry,” Warner noted. “A lot of people working in it come from these very privileged places and they don’t necessarily realize that about themselves, so there’s a sort of lack of self-awareness.”

You can read the rest of the conversation here and find the free guide online. It offers tips (from understanding bias to getting buy-in from leaders across the company) as well as case studies highlighting how other organizations have implemented their own diversity strategies, that are valuable to those working toward inclusion on any continent.

“I think because the European tech industry is so young, it might be easier for us to make sure we’re getting on the right course early on,” Zennström said.

Time will tell, but let’s hope he’s right.

On Point

Stacey Abrams: Yes, I will run againIn an election marred by voter suppression, Abrams made history by receiving the most votes ever for a Democratic candidate running for governor in the state of Georgia. "We turned out voters who had never been engaged in the body politic,” Abrams said. “We tripled the number of Latinos who voted. We tripled the number of Asian-Americans. We increased African-Americans by 38%. Increased the youth vote.” She spoke with Fortune's Beth Kowitt about her voter-focused campaign, her decision not to concede, and why you'll certainly be seeing her on a ticket again.  Fortune

Superstar YouTuber PewDiePie in trouble again
Late last week Felix Kjellberg (who posts under the name PewDiePie) published a video that accidentally shouted out a known white supremacist YouTuber whose entire career is based on racist and anti-Semitic content. Kjellberg, who has 76 million subscribers, has been in trouble for this sort of "cluelessness" before; in an attempt to defend himself, he published a subsequent video to address the backlash, saying that he simply couldn’t be expected to review every video ever created by every digital creator he mentions. ”[He] apparently likes to have hidden and not-so-hidden Nazi references in his videos and obviously if I noticed that I wouldn’t have referenced him in the shoutout,” said Kjellberg. The endorsement for the white supremacist who goes by the handle “E;R”, received tens of thousands of new subscribers as a result.
Huffington Post

Indian men being arrested for sharing the kind of political memes that your kid cranks out every day
Meanwhile in India, people are increasingly being jailed for sharing online memes that offend powerful figures. According to the publication Mint, some 50 people have been arrested for social media posts with “derogatory remarks” leveled at elected officials in the last year; most are men, poor, illiterate, Muslim, and recent internet users. Some spend as long as six months in jail. At issue seems to be the “dizzying pace” by which poor Indians are getting online with smart phones and who are sharing memes and posting commentary that runs afoul of regulations. Families are shocked by the aggression with which the police are cracking down on the unpopular speech.
Live Mint

Microsoft calls for laws to prevent bias in AI
The new legislation should aim to reign in artificial intelligence software for recognizing faces. “This includes where decisions may create a risk of bodily or emotional harm to a consumer, where there may be implications on human or fundamental rights, or where a consumer’s personal freedom or privacy may be impinged,” Microsoft President and Chief Legal Officer Brad Smith said in a related blog post. In addition to regulation, safeguards should include transparency and the ability to be audited by outside groups, they say. 
Bloomberg

 

The Woke Leader

Algorithms are opinions
“I was struck by what I thought was essentially a lie,” says US data scientist Cathy O’Neil, author of Weapons of Math Destruction in this compelling short animated video. “Namely that algorithms were being presented and marketed as objective fact. A much more accurate description of an algorithm is that it’s an opinion, embedded in math.” It’s a scaled up version of what we do in our brains, which is take an experience you regularly have—like making dinner for your family—and making a series of decisions to optimize that experience according to a variety of variables. Or in her terms, “a historical dataset and a definition of success.”  The power embedded in who gets to collect and curate that data and define success is where the problems come in, which any kid who won't eat their vegetables can tell you.
Aeon

TIME’S UP is one year old, let’s go shopping
To mark the occasion, the advocacy group is partnering with eBay to raise fund for the TIME’S UP Legal Defense Fund, which helps anyone who is experiencing sexual misconduct in the workplace of any kind with legal and public relations expertise. Now, through December 20, savvy shoppers can bid for all kinds of interesting experiences with their favorite woke celebs, like a trip to meet Ava DuVernay on her creative campus ARRAY, or other celebrity memorabilia. It’s not eBay’s first foray into progressive philanthropy. “Equality, safety, diversity, inclusion and purpose are integral to eBay’s culture and business,” says Brenda Halkias, General Manager, eBay for Charity.
EBay

Can blind people be racist?
Sure, they found the wokest blind people around for this short video, but that doesn’t change the fact that these good-natured, mostly white folks took the question seriously and had real insights to share. It appears to be from a series that seeks to deconstruct blindness, not race, so the same crew were asked a bunch of questions in subsequent videos. But the race question is interesting for reasons beyond the obvious. While their blindness does, for some, take racial cues out of their interactions at least initially, most were honest about the fact that “seeing race” had nothing to do with eyesight. Most had been tempted to stereotype others, and one was said that her blindness did little to negate her white privilege. “Yes, I’m racist, I think every white person is racist,” she said. “I participate in institutions, I benefit from capitalism which was built on slavery and racism.”
Cut

Quote

I shall not go to the polls. I believe that democracy has so far disappeared in the United States that no “two evils” exist. There is but one evil party with two names, and it will be elected despite all I can do or say. There is no third party. On the ballot in a few states, a “Socialist” Party will appear. Few will hear its appeal because it will have almost no opportunity to take part in the campaign and explain its platform…Anything he advocates by way of significant reform will be called “Communist” and will of necessity be Communist in the sense that it must advocate such things as government ownership of the means of production; government in business; the limitation of private profit; social medicine, government housing and federal aid to education; the total abolition of race bias; and the welfare state. 
W.E.B. Du Bois
About the Author
Ellen McGirt
By Ellen McGirt
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Amy Hood
SuccessCareers
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
By Preston ForeMay 11, 2026
29 minutes ago
TIAA CEO Thasunda Brown Duckett’s 3 rules for Gen Z entering the workforce: Adapt, lean in, and build a bigger table
SuccessGen Z
TIAA CEO Thasunda Brown Duckett’s 3 rules for Gen Z entering the workforce: Adapt, lean in, and build a bigger table
By Sydney LakeMay 11, 2026
31 minutes ago
Poppi cofounder Allison Ellsworth
SuccessEntrepreneurs
Poppi cofounder maxed out credit cards and sold her car to fund the company—now, she’s a multimillionaire after a $1.95 billion sale
By Emma BurleighMay 11, 2026
47 minutes ago
drew
CommentaryDefense
I helped build the Pentagon’s AI transformation. Corporate America is making every mistake we almost made
By Drew CukorMay 11, 2026
2 hours ago
Content creator Logan Walter
SuccessJobs
This Gen Zer dropped out of college to become an influencer—now he’s a millionaire from selling products like Medicube and Neutrogena on TikTok Shop
By Emma BurleighMay 11, 2026
3 hours ago
roger
AIMedia
Roger Bennett’s message to A-Rod is one for the country: Soccer has already overtaken baseball in America
By Nick LichtenbergMay 11, 2026
3 hours ago

Most Popular

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
Commentary
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
By Steve H. HankeMay 10, 2026
1 day ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
By Jason MaMay 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.