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Best Buy commits up to $10M
investment towards BIPOC startups

Original Article

Posted By: voxpopuli, 8/5/2021 10:44:17 PM

Best Buy is continuing to build its investments towards supporting Black, Indigenous and people of color (BIPOC) entrepreneurs, as the company announced on Thursday an investment up to $10 million with Brown Venture Group. The venture capital firm focuses exclusively on Black, Latinx and Indigenous technology startups in emerging technologies.


one more reason to dump BBY

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Reply 1 - Posted by: Nimby 8/5/2021 10:51:56 PM (No. 869569)
Hmmm! Agree with OP. Watch them file for chapter 11. Guess they are determined to mske Bezos the best choice???
7 people like this.

Reply 2 - Posted by: thethirdruffian 8/5/2021 10:54:45 PM (No. 869572)
Bigot Buy hates white people.
14 people like this.

Reply 3 - Posted by: Tusker 8/5/2021 11:00:20 PM (No. 869578)
Fools and their money are soon separated.
5 people like this.

Reply 4 - Posted by: TLCary 8/5/2021 11:02:55 PM (No. 869581)
Acronyms because "racial discrimination" just doesn't have the same ring.
5 people like this.

Reply 5 - Posted by: Safari Man 8/5/2021 11:03:37 PM (No. 869582)
Would be interesting to know what sorts of shakedown tactics were employed to extract this.
7 people like this.

Reply 6 - Posted by: GoodDeal 8/5/2021 11:04:14 PM (No. 869584)
BB got woke. I’m done with them. Everyone boycott them and cost them $10M.
13 people like this.

Reply 7 - Posted by: mc squared 8/5/2021 11:06:07 PM (No. 869585)
Please don't burn us down bro. Besides, in San Francisco flat screens and i phones are free if you don't exceed 950 bucks worth.
8 people like this.

Reply 8 - Posted by: DaBigGuy 8/5/2021 11:23:35 PM (No. 869596)
Best Bye Bye
13 people like this.

Reply 9 - Posted by: Son of Grady 8/5/2021 11:23:51 PM (No. 869597)
So they would rather invest in people that steal their products over the ones that pay for them.
18 people like this.

Reply 10 - Posted by: Californian 8/5/2021 11:52:50 PM (No. 869611)
Always had high prices and horrible customer service. Won't miss them at all. They might as well have set the $10m on fire. It's already hard to hire quality people in tech and get the company off the ground. But cutting out all white and Asian people is just suicidal.
7 people like this.

Reply 11 - Posted by: SALady 8/5/2021 11:59:42 PM (No. 869613)
The Best Buy near my house hardly ever has any cars in the parking lot. I have long wondered how they have stayed in business this long. So over-priced, even when things are on sale. However, clearly they are doing so well that they can waste money on this racist welfare project. So apparently they no longer need my money (since this sounds very racist to me). And if I owned stock, I would be raising holy hell about how they are wasting their profits on this racist welfare program!!!
3 people like this.

Reply 12 - Posted by: RuckusTom 8/6/2021 12:01:50 AM (No. 869614)
White people need not apply.
7 people like this.

Reply 13 - Posted by: skacmar 8/6/2021 12:01:58 AM (No. 869615)
I still don't know what Latinix is. Most Hispanic people I know don't know either. Also, isn't anyone born here an "indigenous " person? Why is this discriminatory fund needed? Are BIPOC people unable to complete the same loan forms as White and Asian applicants? If people can't figure out how to complete financial forms and work with financial people without special treatment, what makes them think they can handle a technology business?
3 people like this.

Reply 14 - Posted by: Northcross 8/6/2021 12:21:41 AM (No. 869623)
With enough time and enough invested capital, maybe one of these BIPOC start-ups can invent the wheel, start a fire, or come up with an alphabet. Their ancestors could not.
4 people like this.

Reply 15 - Posted by: Come And Take It 8/6/2021 12:21:43 AM (No. 869624)
I can buy the same stuff 100 different places. Sorry, Worst Buy. I prefer to spend my dollars with companies that aren't virtue signaling arseholes.
5 people like this.

Reply 16 - Posted by: Ribicon 8/6/2021 12:22:07 AM (No. 869625)
Who does most of the shoplifting at Best Buy, contributing to operating losses? Just kidding, we all know it's the universally despised WHITE Christian folks. And why does the newspaper fail to capitalize People of Color, given that they founded and built this nation (or so the story goes)?
2 people like this.

Reply 17 - Posted by: RedWhite&Blue2 8/6/2021 12:31:52 AM (No. 869631)
And that ends me ever buying from them again! Get woke, shove that $10 million up your...
4 people like this.

Reply 18 - Posted by: DVC 8/6/2021 12:43:54 AM (No. 869637)
I'll avood buying there, after hearing this. Systemic racism.
0 people like this.

Reply 19 - Posted by: hope27 8/6/2021 1:46:44 AM (No. 869675)
Was in there today - minimal shoppers, scaled back inventory. But they can order what I was looking for and I can receive it in 6 weeks. Fun fact, off topic-I have been interviewing since our government got me laid off last year. I am not 20, nor a waitress or barista and pay my mortgage. Professional with an MBA. These companies that introduce themselves, first thing into the interview, as equity, inclusion and all the other woke words are pathetic. Like mask wearing, it shows me who the weirdos are. Not only will I not work for you but will not buy your product. They think they are getting intel on us, well news flash, back at ya. Adios Progressive Insurance.
5 people like this.

Reply 20 - Posted by: local500 8/6/2021 2:19:40 AM (No. 869690)
I stopped doing business with them since 2015 and never looked back. Crappy stores, crappy products, not that price competitive, and are on the left side of politics and social issues.
1 person likes this.

Reply 21 - Posted by: DARling 8/6/2021 2:22:48 AM (No. 869692)
Any company that chooses superficial characteristics like color over ability deserves to go bankrupt. Best Buy hasn't been my first choice for anything in years.
3 people like this.

Reply 22 - Posted by: anniebc 8/6/2021 8:58:38 AM (No. 869936)
Amen, poster 5. Brown Venture Group will probably have little to show for Best Buys' investment. A few million dollar homes for some of the staff, maybe.
0 people like this.

Reply 23 - Posted by: zephyrgirl 8/6/2021 9:29:41 AM (No. 869984)
I'll bet when the post-mortem is done, 95% of that spending will be a total waste. You can't teach people to be entrepreneurs by throwing money at them.
1 person likes this.

Reply 24 - Posted by: Laotzu 8/6/2021 10:11:25 AM (No. 870036)
On my last visit to BB before the 'Vid, one of the notable conversations overheard was two, young, white sales clerks sharing their mutual disgust at the "inequity" of wealth distribution in America. They didn't seem to take any issue with the Illegal Aliens in town who drive new, $50,000 trucks to their construction jobs. Or the multitude of unremarkable White Women getting free rides through college because they're willing to suit up and play an arcane, armature sport. No, it was those darn, Rich White Guys that are ruining it for everybody.
0 people like this.

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