Find XO: Teams with higher diversity achieve better outcomes (techcrunch.com)

- According to McKinsey, companies in the top 25% for racial and ethnic diversity were 35% more likely to achieve higher financial performance than the industry average. - Early founders often form their first teams using academic or previous workplace networks, and this habit carries over to investor selection. - Adding a few people with different backgrounds does not solve the problem by itself. - Let's consider if the first team members and investors can genuinely oppose the founder's decisions.