Definitely a valid point and deserving of an entirely separate thread of discussion.
That said, I don't think talking about gender imbalance in software development takes away from discussing racial imbalance in software development.
And I do think underrepresentation is an issue on all sides. In my career so far, I think I've met a total of 5 black programmers. The fact that I can remember the exact number is a problem, because I definitely can't, and don't, keep track of the number of asian/latin/etc. programmers. But meeting somebody black in tech is so rare, it always stands out.
So yes, it is a concern. But they are all valid concerns. And talking about women doesn't take away from talking about blacks. All are valid issues.
Of course they're all valid issues. That doesn't answer anything i've asked, though. I want to know why support is only being given to women and not people who probably have a harder time getting into the field. This doesn't need a separate thread, it speaks exactly to the topic which is Etsy giving grants to only women.