Code2040: The Future of Tech

Karla MonterrosoVP of Programs

@CODE2040

@Karlitaliliana

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

This is the story of early adoption and two problems converging. A desperate need for tech talent and the wealth gap

in Black and Latino families.

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Cycle of Adoption in Technology

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

1. The American workforce is

changing.

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Software needs employees…

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

… and it can’t find them

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

2. The demographics of the United States

are changing

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Black and Latino people drive population growth

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

… but we’re left out of economic growth

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

When 88% of American jobs are found through friends and family…

What does this wealth disparity mean for the opportunity gap?

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

We’re especially left out of tech.

28%!

18%!

9%!7%!

5%! 1%!0!

0.075!

0.15!

0.225!

0.3!

US !Population!

CS BS Degree !Earners!

US Tech !Workers!

SV Tech !Workers!

SV Tech !Leadership!

VC-Backed !Founders!

Blacks and Latino/as As a Percent of Total…

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

“Before CODE2040 I wasn't sure if I could fit in or match up to the Silicon Valley lifestyle but the Fellows Program, meeting similar people, and working in the Valley gave me the confidence that I CAN become a top entrepreneur or top engineer, whichever I choose.” - Benjamin Harvey, Fellows Program '14 at Panafold, Currently a Mobile Developer at The Walt Disney Studios

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Black and Latino consumers spend 3 Trillion Dollars in the American

economy

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

McKinsey Report: Why Diversity Matters

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

For tech companies inclusion is the path to existence

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

This is an operational challenge for the entire tech ecosystem

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Hire

Vetting

RecruitAttract

Connect

Engage

RetainKarla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Cycle of Adoption in Technology

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

If we know:  Our population demographics are shifting  Our cost for talent at all levels is rising  Racial, ethnic, and gender diversity improves financial performance  Diversity is at the heart of innovation

Why are we hesitant to put in the learning and work to adapt?

Karla Monterroso | @karlitaliliana | @CODE2040 | code2040.org

This is the future of the !tech industry !

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