Women and minority founders still vastly underfunded, new report finds
Kenny Herzog
Entrepreneur
A more balanced community of founders and business owners doesn t manifest itself. A new set of insights from venture-capital review platform RateMyInvestor and nonprofit partnership Diversity VC vividly underscores that reality. The organizations second Diversity in U.S. Startups report, which synthesizes data on U.S. venture-backed startups between 2018-19, was released earlier today. (The first edition, which drilled down into data from 2013-17, was released in 2019.)
In a nutshell? Most venture capitalist backers still disproportionately allocate money to companies launched by white men.
Exponentially more money was raised overall in 2018-19 versus 2013-17. And yet, in a press release that bluntly synopsizes its findings, the organizations share that VC-backed startups are still significantly male (89.3%), white (71.6%), based in Silicon Valley (35.3%) and Ivy-educa