The Importance of Addressing Diversity Early in a Company’s Life
Hunter Walk
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Diverse Teams: More Creative, Diligent, and Hard-Working

Great to see you and the team at Homebrew thinking through this. Far too often I hear, even from the most data-driven entrepreneurs, that they must “make the company successful first, and then address diversity.” To consider diversity as an end in and of itself, a box to be checked at some point in the future, flies in the face of much of the data you quote — and more.

Specifically, if entrepreneurs are looking to maximize innovation, creativity, diligence and hard work, it seems like it’s never too early to prioritize diversity. According to Scientific American:

Decades of research by organizational scientists, psychologists, sociologists, economists and demographers show that socially diverse groups (that is, those with a diversity of race, ethnicity, gender and sexual orientation) are more innovative than homogeneous groups.
It seems obvious that a group of people with diverse individual expertise would be better than a homogeneous group at solving complex, nonroutine problems. It is less obvious that social diversity should work in the same way — yet the science shows that it does.
This is not only because people with different backgrounds bring new information. Simply interacting with individuals who are different forces group members to prepare better, to anticipate alternative viewpoints and to expect that reaching consensus will take effort.

I wonder what it will take for founders to act on this data in the same ways they do with data regarding their products.

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