13 LGBTQ+ Investors Making a Big Impact

To celebrate Pride Month, we’re highlighting 13 LGBTQ+ investors making a positive impact in the venture ecosystem. From rising stars to seasoned investors, these investors are making a big impact and show the strength and importance of the LGBTQ+ community in our industry.

Meet the Cohort 10 Scholarship Recipients of VC University ONLINE

We’re thrilled to introduce VC University’s Cohort 10 scholarship recipients – 41 talented, aspiring VCs from underrepresented backgrounds.

 

About the Program:

VC University ONLINE is a highly-reviewed certificate course on the fundamentals of venture capital, created by NVCA, Venture Forward, and Startup@BerkeleyLaw. The course democratizes access to quality VC education. Participants learn the nuts and bolts of venture finance through self-paced lectures, interactive assessments, virtual office hours, webinars with faculty and industry experts, and interviews with leading venture capitalists.

To date, VC University ONLINE has:

  • served 9 sold-out cohorts
  • served 1,640+ participants
  • awarded 264 full scholarships

Cohort 10 started on June 1, 2022, serving 250+ participants, including 41 full scholarship recipients.

The Cohort 10 scholarship recipients were competitively selected from hundreds of applicants, through an application process that considers career goals, commitment to furthering a healthy, inclusive industry, demographic factors, and more.

 

Click “Read More” to meet the Cohort 10 Scholarship Recipients:

 

Women in VC: Rising Stars to Watch

In honor of Women’s History Month, we’re recognizing and celebrating 10 rising stars who are making their mark and emerging as industry leaders. We’re excited to highlight some of their early accomplishmentsand cheer their continued success!

New Research Quantifies the Breadth, Growth, and Resilience of Jobs at VC-backed Companies

From coast to coast, the venture capital industry is fueling resilient American jobs, and we have new data to prove it. NVCA, Venture Forward, and the UNC Kenan-Flagler Institute of Private Enterprise embarked on a first-of-its-kind study to explore the employment dynamics of workers at VC-backed companies in the U.S. Using a list of over 67,000 companies that received venture financing as early as 1970 and administrative data on employment for U.S. establishments dating from 1990 to 2020, we successfully mapped the location of workers at VC-backed companies in 2020 by both state and congressional district. Our results, as detailed in this newly released report, were striking.

First, we found that workers at companies that received venture financing are distributed broadly across the U.S. Despite 73% of VC investment dollars going to California, Massachusetts, and New York in 2021, our analysis shows that 62.5% of employees at the companies in our national data set were located outside of those three states. The distribution of VC-backed jobs is geographically dispersed with workers at VC-backed companies located in all 50 states and all 435 congressional districts (as well as Washington, D.C. and Puerto Rico). These results add grist to the sentiment that venture capital is spreading through the country and benefiting labor markets and local economies that span the whole country.

The dynamics of these jobs at VC-backed companies over time were also eye-opening. We found that employment at VC-backed companies grows faster than employment at non-VC-backed companies. What we did not expect was how much faster employment at VC-backed companies grows. The annualized growth rate of employment at VC-backed companies in our dataset between 1990 and 2020 is 8.2%. In comparison, the growth rate of total private sector employment (as provided by the Bureau of Labor Statistics) between January 1990 and February 2020 is just 1.1%. This means that employment at our set of VC-backed companies grew at roughly eight times the pace of employment at non-VC-backed companies.

Finally, we were struck by the resilience of job growth at VC-backed companies and noted that growth rates of employment at VC-backed companies were strong and positive regardless of the stage of the business cycle. To provide one example of this resilience, consider employment dynamics following the most recent financial crisis of 2007-2008. Following the financial crisis and during the Great Recession, annual job growth at our set of VC-backed companies exceeded 4% for every year between 2009 and 2018. In contrast, total private sector employment shrank by 4.3% in 2009, contributing to a decrease of 7.4 million private sector jobs during the recession.

We believe the findings in our report concerning the breadth, growth, and resilience of VC-backed jobs provide motivation for further exploration of this subject, and hope that others will build on our research. In addition, we hope that our findings indicating that VC investment serves as a catalyst for job creation not merely in a select few metropolitan hubs will promote policies that encourage more VC activity in the U.S., helping to fuel broad-based prosperity across the entire nation.

Employment Dynamics at VC-Backed Companies in the United States: 1990 to 2020

New research from NVCA, Venture Forward, and the University of North Carolina Kenan Institute of Private Enterprise estimates and geographically maps employment at VC-backed companies headquartered in the United States at the state and congressional district levels, and analyzes the employment dynamics at VC-backed companies from 1990 to 2020.

Using company-level data for over 67,000 VC-backed companies that received venture financing dating back to 1970, we map the location of approximately 3.8 million jobs at VC-backed companies in 2020. Explore the interactive map for detailed employment figures by individual congressional district or state.

Key findings:

  • Employment at VC-backed companies grows at roughly 8x the pace of employment at non-VC-backed companies.
  • Employment growth at VC-backed companies is resilient with strong positive growth rates observed regardless of where the economy is in the business cycle.
    • Even after the 2007-2008 financial crisis and during the Great Recession, annual job growth at VC-backed firms exceeded 4.0%. Total private sector employment, by comparison, shrank by 4.3% in 2009, contributing to a decrease of 7.4 million private sector jobs.
  • VC-backed jobs are distributed broadly across the entire U.S. with 62.5% of VC-backed jobs outside the states of California, Massachusetts, and New York.
  • In contrast, 73% of VC investment was deployed to startups in those three states in 2020.

State of Black Venture

BLCK VC, in partnership with Silicon Valley Bank, is proud to share the inaugural State of Black Venture report. They surveyed our community and collated industry data to set a baseline against which they can measure future progress toward equitable representation.

Key Findings: 

  • The number of Black partners is increasing: 27% of Black partners launched new funds within the past two years.
  • Black fund managers face fundraising & investing obstacles raising funds that are 46% smaller than the industry average.
  • Black partners have an outsized positive impact with over 50% hiring and mentoring other Black venture investors.

State of the Market Report H1 2022

The State of the Markets highlights the latest trends for an innovation economy that reached new heights in 2021 with venture investment doubling to a record $333 billion. Here are three takeaways from the report:

  • Exceptional VC investment growth in 2021

    US VC investment doubled 2020’s record high fueled by both record levels of US VC fundraising and extensive participation from hybrid PE/VC investors.

  • Growth expected to level set in 2022

    With the drop in the US markets, it is questionable whether 2022 will see the same level of growth experienced in 2021, yet growth is expected to continue at a more sustainable rate.

  • Persistent headwinds continue

    Innovation companies continue to experience challenges including hiring talent, market inflation and supply chain delays resulting in increased costs.

Black VCs Making a Big Difference

Black VCs Making a Big Impact

Black investors remain underrepresented in VC. The latest VC Human Capital Survey tracked little progress in the representation of Black partners between 2018 and 2020, though there is some optimism to be found in the growing representation of Black junior investment professionals. Venture Forward’s mission to diversify and empower the VC industry includes accelerating the representation of Black investors and recognizing changemakers who share our vision for a more diverse, equitable, and inclusive venture community. Last year, we highlighted leaders and initiatives driving more Black representation in VC. This year, we’re highlighting the accomplishments of 15 Black VCs – rising stars to watch, community catalyzers, and investors making significant impact.  

While we only featured 15 Black VCs in this post, there are many more whose accomplishments deserve to be recognized and celebrated – please help us do so by tagging them on social!

VC University ONLINE Cohort 9 Scholarship Recipients

Meet VC University ONLINE’s Cohort 9 Scholarship Recipients!

We’re thrilled to introduce Cohort 9 of VC University ONLINE scholarship recipients – 42 talented, aspiring VCs from historically underrepresented backgrounds.

VC University ONLINE is a highly-reviewed certificate course on the fundamentals of venture capital, created by NVCA, Venture Forward, and Startup@BerkeleyLaw. The course democratizes access to quality VC education. Participants learn the nuts and bolts of venture finance through self-paced lectures, interactive assessments, virtual office hours, webinars with faculty and industry experts, and interviews with leading venture capitalists.

To date, the program has:

  • held 9 sold-out cohorts
  • served 1,640+ participants
  • awarded 264 full scholarships

The Cohort 9 scholarship recipients were competitively selected from hundreds of applicants, through an application process that considers career goals, commitment to furthering a healthy, inclusive industry, demographic factors, and more.

2022 Trends in Entrepreneurship Report

The Trends in Entrepreneurship Report brings together expertise and data from academia, industry and policy to highlight relevant topics facing entrepreneurs and investors today.

For the 2022 annual report, the Kenan Institute of Private Enterprise invited researchers to submit trends based on their own emerging research. They welcomed submissions related to current topics in entrepreneurship, with a particular interest on trends related to funding; ecosystems; teams and talent; emerging technologies; and addressing diversity, equity and inclusion in entrepreneurship and small business. Each trend was reviewed for quality and relevance their editorial board.

The copyright for each trend rests solely with the submitting author and their co- authors.