This week we’re back in Silicon Valley, with a program called NewME, or New Media Entrepreneurship. It’s designed to encourage women and minorities to found technology companies. Seven participants from around the country shared a house in San Francisco for three months, got coached on their business plans and attempted to perfect the art of the pitch.
If you look around Silicon Valley, ideas all seem to be coming from the same kind of people. By a recent estimate, one percent of technology entrepreneurs were African American. Only eight percent of companies were founded by women. One program aims to change this by encouraging more women and minorities to launch companies.