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Tech's diversity problem is even bigger than we realized a?? here's why that's so bad for the next generation of startups

Tech's diversity problem is even bigger than we realized a?? here's why that's so bad for the next generation of startups
Steve Jennings/Getty Images for TechCrunch



Silicon Valley has long had a diversity problem.




Women, African-Americans, and Latinos are underrepresented in the tech industry and tend to be paid less than their white male counterparts.




But the diversity problem is even worse than that; a new study found that the gender disparity in equity — or stock ownership — held by tech workers and founders is even worse than the pay gap.




In Silicon Valley, stock holdings can be much more important and valuable than salaries.




The disparity is important, because Silicon Valley's ecosystem centers around startup founders who cash in their shares when their companies go public or are acquired.



It's no surprise that the tech industry has a diversity problem.
But it turns out that the problem is much bigger than people in Silicon Valley and beyond may have realized.
It's well known that women, blacks, and Latinos are underrepresented in tech companies, particularly in the upper ranks. It's also well known that they tend to get paid less in salary for the same jobs than their white male counterparts. But the tech industry has a far larger divide that's been mostly kept secret until now, having to do with the ownership of companies.
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