Industry News: ESG

Institutional Investors Must Help Close the Race and Gender Gaps in Venture Capital

Written by ESG | 31-Aug-2020 4:20:58 PM

2020-08-27

Harvard Business Review: Over the last decade, U.S. venture capital investments quadrupled, the number of businesses started by women grew to 40%, and we’ve seen growth in the number of entrepreneurs of color. However, the percentage of venture capital dollars going to women-founded companies has barely budged since 2012, and the numbers are even worse for Black and Latinx founders — only 1% of VC-backed founders are Black, and less than 2% are Latinx.

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