Tennessee State to become first HBCU to add ice hockey program https://www.theguardian.com/sport/2023/jun/28/tennessee-state-hbcu-ice-hockey-program?utm_source=dlvr.it&utm_medium=mastodon
I believe another part of it is that companies that get venture capital money are also encouraged to hire more employees, because VC's care about growth.
If you are a company relying on the support of venture capital and you aren't hiring people to grow the fastest, then the VC might decide to just fund your competitor instead.