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Homophobia and startup culture

A nationwidestudy by nonprofit group StartOut, which has an office in New York City, looks at discrimination against LGBTQ entrepreneurs. One of the main findings was that 28 states allow workers to be fired simply for being a part of that community. This has caused members of the LGBTQ community to move out of states that have what could be seen as anti-gay policies.

However, those who start companies in states that are friendly to the LGBTQ community may keep their orientation a secret to investors. Of those who took part in the survey, 37 percent said that they chose not to reveal their sexual orientation, and 12 percent said that they did so because of concerns of getting capital. Another 47 said that they didn't feel that coming out to investors was relevant.

It was also discovered that those who were both LGBTQ and female raised less money than males who were gay, bisexual or trans. Data shows that 70 percent of gay, trans or bisexual females raised less than $750,000 for their companies compared to 47 percent of males who raised over $2 million for their companies. While Americans are becoming more accepting of LGBTQ individuals, younger workers are less likely to come out compared to older workers. Only 5 percent of those between the ages of 18 and 24 were out compared to 32 percent of those aged 35 to 44.

Those who believe that they have been the victim of employment discrimination because of their sexual orientation may wish to pursue legal action against their employers. It may be possible for those who were wrongfully terminated to win compensation for lost wages or the value of lost benefits. An attorney may be able to review physical or other evidence to determine the best way to resolve the case.

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