Diversity in Venture Capital: Scenes From Culture Shifting Weekend
While women and minorities make up 70 percent of the population, less than two percent of the tens of trillions of dollars in the asset management industry are entrusted to women or minorities.
In recent years, gains have been made among women in venture capital. Diversity beyond gender, though, continues to lag. That’s part of the motivation behind Culture Shifting Weekend, an event that attracted about 200 attendees in New York City in early November.
Fred Wilson of Union Square Ventures, who participated in a fireside chat on investing (pictured below) alongside his wife and angel investor, Joanne Wilson, noted that he is less optimistic that the venture capital industry will reach equal representation in terms of racial diversity within his lifetime. (read more)