Silicon Valley investor dismissed racism, called BLM "the true racists"

[Demovictory9]

A notable venture capitalist and board member at the public company behind iconic brands like The North Face and Timberland was dismissive of racism in the U.S. and called Black Lives Matter "the true racists," according to emails obtained by Axios.

Details: Veronica Wu was a co-lead on a fund that it once described as the largest pool of money dedicated to seed startups. She's also on the board of VF Corporation, one of the world's biggest apparel companies.

A spokesperson for VF Corp. declined to comment and would not comment on Wu’s behalf. Wu did not respond to emails.

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In June 2020, an office manager at Hone Capital notified Wu that the firm would honor Juneteenth as a company holiday, according to email exchanges reviewed by Axios.

Wu responded that she didn’t know about the holiday, which commemorates when enslaved Black people in Galveston, Texas, learned of their emancipation.

After the office manager explained that — and noted other companies were honoring the day because of the country’s renewed focus on racism in the wake of George Floyd’s murder — Wu said she was “particularly not supportive.”

“I don’t believe in Black Lives Matter. If anything I think they are the true racists trying to stir up things to make this country going [sic] to socialism or even communism potentially,” Wu wrote in part.

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Wu's email was not the first time she expressed similar comments while at Hone Capital — which touts a "zero-tolerance policy for ... discrimination" on its website — one of the firm's former employees alleges.

“She would say 'the reason you don't see African Americans in tech is because they're lazy and don't work,’” they said.

https://www.axios.com/venture-capital-investor-racism-6a76049c-3464-40c8-a69a-a6fe19fc92ac.html

[Moebym]

1. "Wu"? Sounds like a Chinese surname.

Sadly, it doesn't surprise me at all that a Chinese-American would view Black Americans this way. I know or had known quite a few racists in the Chinese-American community who bought into the right-wing stereotype of Black Americans as lazy moochers and dangerous thugs while believing themselves to be the equal of whites.

This is one of the reasons I have always resented the Model Minority myth and believe it to be dangerous.

[malaise]

2. And more than a few have never read the history or even observed

the reality of racism.

[Casady1]

3. Bejing born

Foreigners or immigrants have a very difficult time understanding the dynamics of race in America. I am third generation Chinese and many of the newer Asians I have met are oblivious to the treatment of Asians in the 1940's.

[intheflow]

5. So true!

I worked at a private boarding school for a while, that had a global educational focus and students from around the world. However, most of our foreign students were from China. They absolutely did not "get" US racism, and couldn't understand why it took up so much class discussion in literature, history and current events curriculum.

[Moebym]

6. First-generation Chinese here

Many years ago, I was a member of my local OCA, and I still remember that meeting in which we discussed the murder of Vincent Chin decades prior by disgruntled white autoworkers angry at the successful entrance of Japanese automakers into the U.S. market. The impact this discussion had on me at the time was profound, especially given that I was living in East Tennessee at the time.

[bluedevil4]

4. proposition 16

failed in CA. Some blame it on the Asian population. I'm not that familiar with CA. voters but I'm sure others here are.

[Mr.Bill]

7. You know who's lazy and doesn't want to work?

Venture capitalists.