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So, Who Killed Silicon Valley Bank? Despite all the indicators of incompetence on the part of a senior leadership team consisting of over 60% men and 60% white people, the “Andy Kesslers” of the world flocked to The Wall Street Journal’s opinion section. The op-ed entertained the classic argument that focusing on diversity, equity, and inclusion was distracting from the “real” business of running Silicon Valley Bank (SVB). How original and worthy of publication! Those who promote this idea seem oblivious to the fact that they are essentially admitting that homogeneous leadership teams are incapable of multitasking. If incorporating the perspectives of women, LGBTQ, and Black people is enough to cause a group of white men to fail in leading SVB, then they were not competent to manage a bank in the first place. So, let’s be clear — a focus and commitment to diversity is a strength and never a distraction. Research has shown that companies with diverse leadership teams are more likely...
SVB’s Access to Innovation program provides educational and workplace experiences to build a more diverse and inclusive tech workforce Silicon Valley Bank is the bank of the innovation economy, helping entrepreneurs and investors invent the future. As part of SVB’s dedication to the success of innovation, the bank recently launched Access to Innovation , a program that expands educational and job opportunities to more minority and female founders, executives and investors, as well as young people who may have never dreamed of a career in tech. “We believe everyone should have equal access to great careers and business success,” Greg Becker, CEO of SVB, said. “The innovation economy, the ecosystem we help fuel, is full of opportunities. Through a range of programs, partnerships, volunteering and financing, we have a companywide goal to increase access to innovation for everyone.” Why is SVB doing this? Tech companies report that it is challenging to find people with the skills needed...