The venture capitalists who fund startups are racist, sexist pigs and need to give more money to blacks and women.  That appears to be the message being sent by the Obama administration as the White House hosts a "Demo Day" that will include several top venture capital firms as well as prominent startups. Bloomberg: With 3 percent of startups backed by venture capital led by women and 1 percent by blacks, and women representing 4 percent of venture capital investors, the White House is hosting its first “Demo Day” to try to increase all of those figures. “We live in a world of a lot of unconscious bias,” said Megan Smith, the U.S. chief technology officer, who previously was vice president of business development at Google Inc. “We have to help ourselves get past that. It’s of critical importance to the economy.” Obama has staked part of his economic legacy on equal pay for women and greater workplace protections...(Read Full Post)