2020 VC Human Capital Survey

What does the venture capital (VC) industry workforce look like in terms of demographics? What is the current state of VC diversity, equity, and inclusion (DEI)? The VC Human Capital Survey, powered by Deloitte, National Venture Capital Association, and Venture Forward, answers these and other questions for VC firms seeking to expand the diversity of both their teams and portfolios.

The third edition of our VC Human Capital Survey assesses the state of the US VC industry workforce, with a special focus on DEI. Results from this edition were benchmarked against findings from the first and second editions, which were originally conducted in 2016 and 2018. Conducted in 2020, this third edition requested firm demographic information (e.g., investment stage focus) and demographic information for each employee (e.g., gender and race). Additionally, firms were asked to provide information regarding their talent management practices and DEI programs.

While there have been other industry assessments of VC diversity, this survey provides a more holistic perspective. We gathered data from VC firms of all types and sizes, examined DEI for a variety of groups across all types of positions, and assessed firm talent management strategies. (Learn more.)

Report: Guidance and Best Practices for Investors on Diversity & Female Entrepreneurship

Guidance and Best Practices for Investors on Diversity & Female Entrepreneurship is a report published by the British Venture Capital and Private Equity Association.

The report was commissioned by the Alison Rose Review and HM Treasury, and includes tactical guidance for investors to create an inclusive pipeline and portfolio. It was inspired by broad recognition in the investment community that diverse and inclusive portfolios have substantially lower risk and better performance.

 

High-level, the report recommends:

  • Implementing specific tactics to recruit diverse talent to your investment firm
  • Adopting specific practices to create an inclusive culture at your investment firm
  • Using tried-and-tested strategies to remove bias from the investment process
  • Engaging with portfolio companies using validated tools and tactics
  • Signing up to the Diversity VC standard

SVB Report: Healthcare Investments & Exits Mid Year 2020

In this report, Silicon Valley Bank explores the mid-year state of healthcare investments and exits around the world.

Startups and Small Businesses Generated $1.3B in Economic Impact and 11,564 Jobs in 2019 – JumpStart

Startups and small businesses throughout Ohio and New York were thriving in 2019, generating at least $1.3 billion in economic impact on regional economies, according to a recent study published by Silverload Consulting based on data collected by JumpStart.

This study is a snapshot of startups and small business activity in Ohio and parts of New York, but the total impact of entrepreneurial startups and small businesses is even greater. The 2019 economic impact report includes data from 701 companies who responded to the survey and met qualifying requirements (at least one employee plus revenue or payroll.) 242 (34%) of companies led by people of color and 346 (50%) led by women responded.

Paradigm

Paradigm is a consulting firm that designs data-driven strategies, implements programs with impact, and trains employees and leaders for success.

While Venture Forward does not endorse commercial products, Paradigm produces a great deal of research, resources and events that they make available to the public for free.

 

Paradigm Events: Learn about the latest diversity, equity, and inclusion research, trends, and tactics used by best-in-class companies at one of Paradigm’s events. From full-day, interactive Paradigm DEI Labs to timely webinars, Paradigm’s events are designed to help drive impact.

Inclusion Insights: Paradigm’s magazine contains recent news, articles, press releases, information on upcoming events, and white papers, showcasing the importance of diversity and inclusion in the workplace.

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Pandemic Impacts Entrepreneuring Women at Work and Home

The COVID-19 pandemic has impacted all business owners. The Diana International Research Institute (DIRI) team wanted to uncover just how it impacted a specific category of business owners: women.

How are the entrepreneurs responding to the revenue decline? Nearly 40 percent of business owners are deferring or reducing executive pay, more than one-third are delaying payment, and one-quarter are reducing employee hours.

The survey found that women-owned businesses face key structural inequalities due to smaller size and business age, and these businesses also are over-represented in the industries hardest hit by both need for essential services and the economic shutdown.

Catalyst

Catalyst is a global nonprofit working with some of the world’s most powerful CEOs and leading companies to help build workplaces that work for women. Founded in 1962, Catalyst drives change with proven, action-oriented research, tools, and solutions to accelerate and advance women into leadership—because progress for women is progress for everyone.

Opportunities for Engagement

VC Firms
Catalyst is supported by more than 800 organizations around the world that collectively employ millions of people. We achieve our mission by partnering with our supporters to make positive change in their organizations. We provide learning programs and platforms to:

  • Diagnose barriers and help build inclusive cultures.
  • Develop and deliver effective programs to reduce workplace barriers for women.
  • Help companies advance women at every stage of their careers into leadership.
  • Advise organizations on building robust and diverse boards.
  • Give companies and CEOs the trusted advice and expertise they need to drive workplace talent transformations in complex, global businesses.

Men in VC
Men Advocating Real Change (MARC) is committed to achieving workplace equality through effective gender partnership. Gender inequality negatively impacts the success of organizations, men’s relationships with colleagues, the time men spend with their families, and even men’s personal health. This is why men must be part of the solution. MARC’s suite of programming brings thought leaders together to create deeper engagement. In everything we do, from our online community, to our premier workshops, to our grassroots teams, we seek to foster effective partnership between genders and create in-person connections to support direct actions and solutions.

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PitchBook

PitchBook is a financial data and software company that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people.

While PitchBook is a commercial platform, they provide a substantial number of free resources on their website, including valuable industry data, reports and analysis, and educational materials:

PitchBook also partners with NVCA to produce the Venture Monitor, a free report (and accompanying data pack) that provides a complete look at venture capital activity, reporting on fundraising, investments, exits and other relevant industry analysis in one comprehensive report each quarter:

Disclosure: PitchBook is the official data provider of NVCA. More details on the partnership can be found here.

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#OpenLP

#OpenLP is an effort to help foster greater understanding in the entrepreneur-to-LP tech ecosystem. Supported by Sapphire Partners, #OpenLP serves as a resource for the venture community to hear from a diverse group of investors in venture funds (LPs).

By aggregating articles, podcasts and videos from LPs, #OpenLP aims to help entrepreneurs, venture capitalists, LPs and other stakeholders develop and share greater understanding of the technology startup ecosystem.

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Fairview Capital 2019 Market Review of Woman and Minority-Owned Private Equity and Venture Capital Firms

This 2019 report by Fairview Capital examines the state of woman and minority-owned private equity and venture capital firms.

The universe of woman and minority-owned private equity and venture capital firms closed out the decade with another record year of growth.  At nearly 400 firms, this group is larger than ever, and 2019 marked yet another record number of firms raising capital, with nearly 200 funds in market. With this growth has come increased complexity as market dynamics have resulted in new firm formation in often-overlooked areas of the private markets.

Woman and minority-owned firms remain well positioned to succeed, in part due to this differentiation. Despite the growing opportunity set, institutional investors remain slow to invest capital with diverse firms, due to a number of factors, including continued misconceptions, biases and lack of information. A deliberate, programmatic approach remains one of the best ways to invest successfully with diverse managers.