Wow! And now let me be perfectly clear — wow!
Recently, CONNECT put on its first Inaugural Innovation Day. Cool companies, a broad range of sponsors, technology information booths and about 3,200 people packed every part of Petco, except the field, to showcase San Diego and its innovation ecosystem. The event was staggering in its scope and magnificent in its presentation. This was a big deal.
But to understand the present, you always study the past. In the beginning days of CONNECT, in the era of Bill Otterson and Barbara Bry, 1986, it was a struggle to get even 40 VCs to an event here in San Diego. We were a technology backwater, an afterthought to Silicon Valley, who complained bitterly at the time that they would have to get on an airplane to come here. The number of local angel investors at that time could have been counted on two hands.
And now let’s be fair. I did not do a complete search of the room. I am sure there were other women CEO, venture-backed companies, and so progress is being made. There was a fancy room on the plaza where the CEOs hung out. But the room was predominantly white men, not enough women, and for sure, only a very small smattering of Black, Latino and Hispanic individuals. I only saw what I saw, and I admit I may have miscounted, but the overall theme is that there is room for improvement.
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