, have come up with their own version of the policy to help boost diversity within their organizations.
Venture firms commonly rely on personal connections to source deals and to staff up, which can result in both portfolios and teams lacking diversity. Initialized — which was cofounded by Garry Tan, a former Y Combinator partner, and has backed Instacart and Coinbase — relies upon some of these fallbacks, Dennis said. Like other firms, it often finds investments through the networks of its VCs, and it places a high value on repeat startup founders.
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