'This report matters, as the venture capital industry has an outsized impact on the rest of the economy.'
, and supported by Silicon Valley Bank, has found that women make up 20 per cent of VCs in the UK, whilst 38 per cent of firms have no women on their teams.
It’s not like they aren’t qualified. Women in venture often have a higher level of education than men – in senior investment positions women hold an average of 1.5 degrees, compared to 1.3 for men. When it comes to junior positions, 8 per cent hold PhDs or similar, compared to one per cent of men. Change is happening. There is a spate of new women-led VC firms coming up including Jane VC, a new venture fund with offices in London and Cleveland with an aim to invest in women-led companies. As well, tennis star Serena Williams recently joined Whitney Wolfe Herd as an investor in the Bumble Fund which will also invest only in start-ups led by women of colour.
Tennis star Serena Williams is an investor at the Bumble Fund, focused on investing in women of colour start-ups
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