On the diversity front, 2020 may prove a tipping point – TechCrunch

Since the Minneapolis Police is Authorities killed George Floyd in May and set off months of nationwide protests, with the corporate world – including venture capitalists – attempting to respond to the Black Lives Matter movement.

Indeed, many resorted to social media to voice their support, disseminating their new diversity-focused networking groups and vowing to do better, especially as it found and funded more Black Founders and other underrepresented entrepreneurs When it comes to doing.

As of 2018, 81% of venture firms still lack a black investor.

It was fascinating to dismiss it as so much hot air, given that the chancellors have talked about diversity for Eoens without doing much about it.

As of February 2020, according to Report good All Rise, an organization that promotes women founders, 65% VC firms still had no female partners. As of 2018, 81% of venture firms still lack a black investor, per Analysis By Richard Kerby, Partner at Equal Ventures.

Those numbers are comparatively illuminated considering the percentage of women and black investors in senior decision-making roles. According to recent Pitchbook data, earlier this year, just 12.4% The decision makers in US venture firms were women (up slightly from 9.65% in early 2019). For the number of black investors in senior positions, it has been hovering around for a long time 2%.

But here’s a good news: While it remains an ongoing challenge to get these numbers in line with other industries, there are two developments, particularly in 2020 that can forget more action in 2021.

We’ll be the first to point Decide this fall When diversified by Yale’s endowment, its asset managers need to improve. Notably, the school’s $ 32 billion settlement – led by investor David Svensen since 1985 – told its 70 US money managers that from here, they would be measured annually on their progress in increasing the diversity of their investment staff, recruiting. Mentions their retention of women and minorities from to training.