Does Diversity Truly Help My Startup?

Over the past months, there’s been a lot of discussions involving the importance of diversity in high-tech, and especially in startups. It’s obvious that hiring more women, members of the ultra-Orthodox community, Arabs, and minorities is critical for an industry that desperately needs more high-quality personnel. Looking at the industry as a whole, diversity is a no-brainer. But what about individual companies? Does diversity help or hurt their business? Specifically, if I’m the CEO of a young startup, does diversity contribute anything to my organization?