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Silicon Valley billionaires are lining up to condemn racism. But the tech and VC industry has a shameful, decades-long history of ignoring and perpetuating inequality.

Those exceedingly low numbers risk perpetuating the problem, because today's startups and founders are tomorrow's tech giants and venture investors. Jesse Jackson first came to Silicon Valley to highlight the lack of diversity in tech boardrooms and campuses, black and Latino people are still a rarity in the tech industry. Other big tech companies are usually just as bad, if not worse. Jesse Jackson came to Silicon Valley to bring attention to its lack of diversity and call on companies to hire black and Latino people. It is a system of funding entrepreneurs that has routinely overlooked talented Black founders and investors, squashing promising businesses and dreams as a result.

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