By Hayley Etherington
Ahead of National Inclusion Week next week, we wanted to share our latest statistics and thoughts on diversity & inclusion amongst early stage funding.
Investment managers have a responsibility to investors to pick investments with the highest potential. We also have responsibility to the society at large to direct funds to the most interesting innovations and most talented teams regardless of the gender, location, colour, economic background or beliefs of the entrepreneurs. Luckily those two responsibilities are complementary and we believe it makes good investment sense to ensure every entrepreneur has the same opportunity to impress. You’ll see from the infographic below, the Start-Up Series competition has a much higher-than-benchmark rate of funding diversely.
Click to enlarge.
These numbers are not an accident and are not the result of any positive discrimination. They are a result of deliberately designing a unique approach to attracting deal flow and distilling that deal flow. Baking in the belief that the best investment returns come from accessing, attracting and supporting the best talent regardless of what that talent looks like, believes or where it is based.
Our venture capital industry is waking up to the need to improve its performance on funding diversity & inclusion, and we are please to be involved in an increasing number of conversations about how we can do so.