Stephan Adams is the managing partner of ValenciaVentures, a venture capital firm focused on funding women- and minority-led tech startups. When pitching a business to venture capitalists, he said, he thinks about passion, confidence and money. What he doesn't think about? Race.
“Race does matter, but I think what is different about race here is that you can overcome race if you can show the VCs that you can make them money," he said. "If you can show a VC you can make money, race and gender go out the window.”
What do you think? Tell us in the comments: Do race, ethnicity and gender matter in Silicon Valley?
Soledad O'Brien reports "Black in America: The New Promised Land – Silicon Valley," at 8 p.m., 11 p.m., and 2 a.m. ET on February 11 and February 12 on CNN.