Edlyft Takes Aim At The $100 Million Diversity And Inclusion Tech Market

The ever-resonating sound of diversity and inclusion tech talent market issues is finally over. Edlyft is the digital platform for study tools and cohort-based support for the most highly sought-after student talent in the diversity and inclusion sector. Erika Hairston, Co-Founders of the company, and Arnelle Annsong are changing the industry by being the first to engage and hire diverse tech early talent.

What You Need to Know:

Tech industry is a very exclusive sector that lacks diversity. Edlyft raised millions in venture capital funding to address this problem. Kleiner Perkins and Village Global are some of the inventors. Concrete Rose Capital and other notable angels include Jeff Weiner. CultureBanx noted this during its ” Initiating Cultural Capital” session at UBS.

Ansong and Hairston became the first Black women to raise more than $1 million. The road wasn’t easy. We expected fundraising to be difficult since Black women receive less than 1% of venture funding. Hairston said they knew we would have to work twice as hard to get half the amount. Ansong and Sheldon persevered, understanding the importance of Edlyft’s platform to increase diversity in hiring across the sector.

Techs are available for hire Learning.

Tech diversity has been stagnant and abysmal. The U.S. tech industry has 62% of its jobs held by white Americans. Latinx Americans have 8%, and Asian Americans have 20%. In 2019, 14% of the nation’s population was Black, but they held only 7% of all tech jobs. Zippia reports that the high-tech sector employs fewer Black Americans than other industries (14% versus 14.4%) and more Latinx Americans (8 versus 13.9%).

In 2021, 44.5% were white, 8.8% Black, 8.8% Latinx, 0.7% Native American, and 8.8% Black. Only 3.9% of Facebook’s employees are Black as of 2020. In the same year, only 4.9% of Microsoft employees were Black.

Sean Mendy (Co-Founding Partner at Concrete Rose Capital) was one of Edlyft’s first investors. He spoke out about how uniformity in tech is a significant problem. “Homogeneity in tech results from 400 years worth of institutional and structural biases and discontinuation.”

Ansong shared similar sentiments and acknowledged that cultural capital is an integral part of the tech sector. “We strongly believe that what you know and who you see impacts things. Our goal is to connect students with the right people. This network strengthens itself.

Situational Awareness:

While many tech companies have pledged to change these worrying statistics, few have done so. 67% of tech companies have less than 5% Black employees as of 2020. The majority of the most powerful and influential tech companies have only been able to increase their diversity statistics by a small percentage over the last five years. This is why Edlyft is so important in this sector.

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Robert Scoble
Robert is the assistant managing editor for HC News, overseeing coverage of markets, companies, strategy and business leaders. Originally from Boston, Scoble began his journalism career in 1997 & now resides outside New York.

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