Additionally, in terms of its
Yellow accelerator program, which launched in 2018 to invest in startups working at the intersection of tech and content, Snap says its 2021 class comprises seven out of nine startups who count at least one BIPOC or woman founder. Since the launch of the program, Snap says that 22 of the 39 participating startups or roughly 56% have at least one BIPOC founder.
“In 2021, we are making DEI fundamental to everything we do,” CEO
Evan Spiegel and VP of DEI
Oona King wrote in a letter introducing the report, “from who we hire, to the algorithms we design, to our products that support creativity and friendship.”