Lessons from Silicon Valley's Biggest Mistakes of 2016

December 30, 2016

By: Fast Company

Sometimes it's good to take stock, not only of your own errors, but also those of your peers. This year Silicon Valley startups, unicorns, and public companies made blunders they'd probably like to forget about. But in the spirit of self-education, we're highlighting three such miscalculations so you don't fall into the cavernous missteps of giants.

IF YOU'RE GOING TO BE TRANSPARENT, DON'T DOUBLE BACK
Two years ago, major companies like Apple, Facebook, Google, Twitter, and others started to release diversity reports as a way to highlight their intention to change homogeneity within their ranks. But the road to an inclusive company has been a slow slog for just about all the companies that have attempted to make diversity a priority. The percentage of black employees at most of these companies stays woefully below 5%, and women represent less than one-third of staffs. Far more dismal are their percentages among management and technical positions. Given the lack of momentum, several companies, including Twitter, Pinterest, eBay, and Salesforce, have delayed the release of their latest diversity reports.

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