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Tech at Work: Black gig workers speak out, Uber’s commitment to being anti-racist and Facebook’s diversity report


Tech at Work: Black gig workers speak out, Uber’s commitment to being anti-racist and Facebook’s diversity report – TechCrunch

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Welcome back to Tech at Work, a bi-weekly roundup and analysis of labor, and diversity and inclusion in tech. 

This week, we’re looking at Uber’s anti-racism commitment, Shipt shoppers walking off the job, Facebook’s diversity report and Black gig workers organizing against tech companies. Also, hear from CODE2040 CEO Karla Monterroso on tech’s response to the recent racial justice uprising in the U.S.

“There are a lot of really well-intentioned people, but they’re like, ‘Hey, put me in touch with all your Black and Latinx people,” Monterroso told me. “We have definitely gotten requests for free access to our talent pool. What we are talking through with people is even if you had access to that, your ability to make something of that is incredibly limited because the competencies needed to get people into the workforce, promote and retain them are not had by tech companies at this moment.”


Stay woke


Uber commits to being an anti-racist company

Uber’s track record with diversity and inclusion was especially rocky in the days of former CEO Travis Kalanick. The company’s new CEO Dara Khosrowshahi seems to recognize that, saying “you’re probably thinking that Uber is not exactly the company you’d expect to be speaking up on this front.” Still, Uber has made a number of commitments on its journey to being an anti-racist company.

But first, let’s define anti-racist. From Ibram X. Kendi’s book, How to Be An Antiracist:

To be antiracist is to think nothing is behaviorally wrong or right — inferior or superior — with any of the racial groups. Whenever the antiracist sees individuals behaving positively or negatively, the antiracist sees exactly that: individuals behaving positively or negatively, not representatives of whole races. To be antiracist is to deracialize behavior, to remove the tattooed stereotype from every racialized body. Behavior is something humans do, not races do.

Here are some of the most notable of Uber’s commitments:

  • Double Black representation in leadership (director roles and higher) by 2025. Currently, Black people make up just 3.3% of Uber’s leadership team, while white people make up 59.9% of it.
  • Expand diversity report to include data on intersectionality and self-identification. Race, gender, class, sexual orientation and disability status are highly connected for folks. Intersectionality is the concept that people face multi-faceted layers of discrimination as a result of these intersecting identities.
  • Create more opportunities for drivers, delivery people and support staff to advance their careers. Uber has been talking about this at least since 2018.

Related: This past year marked the most interest in anti-racism in the last five years, according to Google Search Trends. 

Image Credits: Google Trends/MRD

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Congratulations to the Space Force on their new logo, and to Ghost for being beautiful and strong.n”,”protected”:false},”excerpt”:”rendered”:”

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insurtech startups undervalued?”,”content”:{“rendered”:”

On the heels of Hippo’s funding roundu00a0and our exploration of how the private markets appear to be more conservative than public investors at the moment, we’re asking a new question: are a bunch of insurtech startups undervalued?n

Hippo — an insurtech startup focused on home insurance — put together a $150 million round at a $1.5 billion post-money valuation after growing its gross written premium to $270 million “in the past 12 months.” At that valuation, and at pre-adjustment premium scale, Hippo is super-cheap compared to Lemonade, another venture-backed insurtech startup that just went public.n


n

The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or receive it for free in your inbox. Sign up for The Exchange newsletter, which drops Saturdays starting July 25.n


n

There’s no need to relitigate Hippo’s valuation and how the private markets have valued the firm. But our work yesterday does give us the chance to do some fun math on other players in the neo-insurance space, namely, Rootu00a0and MetroMile. Using data accrued from financial filings and valuation data from Pitchbook and Crunchbase, we can grok how much the two firms are worth using Hippo’s and Lemonade’s current premium multiples.n

""If you aren’t familiar, the cohort of startups we’re looking at have raised well over $1 billion as a group; VCs really believe in them. How they are priced then, and how they exit, will help determine the results of many a venture fund.n

So, are other players in the startup insurance market cheap at their last private price when compared to Lemonade and Hippo? Did their venture backers overpay? Let’s find out.n

Cheap? Expensive?



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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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