…when it comes to its own way of doing business, the venture capital industry has little appetite for disruption. It hates to think that the same old Silicon Valley solutionism can’t be applied to its diversity problem. By its own definition, venture capital has become the incumbent, an industry too hamstrung by its culture to change, despite the obvious business opportunities. And so others are going to seize those opportunities.
Davey Alba, “The Argument”, Wired (June 2015), 50.