The boy’s club mentality of VCs has got to go

  • 📰 Women 2.0
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States Headlines News

'It is simple math: diverse investors result in diverse portfolios, and diverse portfolios support diverse communities.'

We are privileged to live at a time when diversity is not only appreciated but encouraged. Yet despite the national conversations surrounding gender diversity in the workplace, the world of Venture Capital has remained almost exclusively a boy’s club.Sure, every VC these days loves to attach the words “diversity” and “inclusiveness” to their LP presentations but look behind the perfectly designed memos and the reality is stark. A comprehensive data set of every VC in the U.S.

that “without a VC industry that is truly diverse and reflective of the society it is investing in, the startups they're funding can't really be expected to promote and deliver best practice around diversity."Gender diversity is not only better for the global community and tech innovation, but also produces financial gains for the VCs themselves. It is time for VCs to break out from bro-culture and encourage diversity beyond mere lip-service.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 149. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Insurtech: European VCs name the top 26 startups to watchWe asked Europe's biggest tech investors to pick the disruptive insurance startups they think will blow up in 2021. Here are the 26 they chose. BITech I'm a Brazilian lawyer and system analist for 50 years at IBM's customers. I wrote a brand new Social Network with many facilities, incl. improvements to FB, Insta and Twitter with responsive approach. Ready to go, looking for partners. percyreplicante.com.br. 55 13 99799-1946.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The top 8 VCs backing health startups that want to end fee-for-serviceStartups trying to change the way healthcare is paid for pulled in a record $3.6 billion in 2020. Meet the top 8 VC firms that placed the most bets. $$Blue ❤️🥰❤️💸💸🐦💸
Source: BusinessInsider - 🏆 729. / 51 Read more »

Silicon Valley VCs are calling for action to #StopAsianHateTop Silicon Valley VCs are sharing their personal stories and calling for action to StopAsianHate in the aftermath of the Atlanta shootings
Source: BusinessInsider - 🏆 729. / 51 Read more »

Two VCs analyze diversity in European investing sector compared to USBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Lockdowns are lifting, but VCs remain bullish on food delivery start-upsVenture capitalists are continuing to invest in food delivery start-ups, even though the margins are often small. Taster is the latest start-up to raise money. Anecdote from the Gig Economy: Over the past 3 weeks Uber left me stranded twice. Charged me twice for ride each way No help from faceless customer service. Capitalism Enjoy
Source: CNBC - 🏆 12. / 72 Read more »