We know inclusion and diversity matters.  And yet: diversity is still not represented equitably in most positions of influence.  

The current state of diverse representation in venture capital is lacking...

• Studies demonstrate that unconscious or implicit biases negatively affect Black, Indigenous, and people of color (BIPOC) in all structures and institutions of American society, including those who make decisions on the use capital. 1 

• According to a 2017 report, investment firms owned by women and people of color manage less than 1% of the $70 trillion in US assets under management despite the fact that 70% of the US population represent women and BIPOC. 2 

• Funding offered to women-owned startups before the pandemic was lower than their male counterparts, and the pandemic has only exacerbated the issue. According to CrunchBase, women-only founded ventures only received 2% of funding dollars in 2020, with the historical peak year being at 7% in 2018.  

• Analysis of 142K founders and 95K high-growth companies across the United States between 2000 to 2022 found that only 0.5% of the $2.1T in startup funding was raised by LGBTQ+ founders while nationwide 7.1% of the population identifies as LGBTQ+.3

Why does this matter?

• Diversity reduces unconscious/ implicit bias and contributes to economic growth by increasing the talent pool, fostering innovation, and promoting better decision-making within organizations.4

• Diverse teams are more likely to consider multiple viewpoints and approaches, which can lead to better decision-making and improved outcomes.5 

• Diverse shareholder representation and active participation in venture investing leads to increased diversity in board directors, advisors and leadership.

• Promoting diversity is an essential part of working towards a more just and equitable society, where all individuals have equal opportunities.6