VC: Lack of Diversity in Founders

Race
1. “In 2015, there were 12 black women who had raised more than $1 million in funding, according to Digitalundivided’s new ProjectDiane report. In 2017, there were 34.”
2. “Latinx women are over 18% of the population of women in the US, but they lead less than 2% of women-led startups.”
3. “We found that 79.2% of startup executives were White, 15.6% Asian, 2.6% Latinx, 2.1% Black, and 0.5% Other.”
Gender
1. 12% of US VC dollars go to teams with at least one female founder
2. “the median amount of funding raised by black women is $0. That’s because the majority of startups founded by black women receive no money. Of the black women who raised less than $1 million in funding, the average raised amount is $42,000. In total, according to Digitalundivided, black women have raised just .0006 percent of all tech venture funding since 2009.”
Location
1. For the US in 2019, 3 Metro regions accounted for 68% of venture capital dollars and 53% of the deals. They are:
  1. San Jose-San Francisco-Oakland, CA
  2. Boston-Worcester-Providence, MA-RI-NH-CT
  3. New York-Newark, NY-NJ-CT-PA
2. In 2019, California companies received 53% of all venture capital dollars invested. That is despite California making up only 12% of US population.
3. Global Beijing and San Francisco/Silicon Valley are the two dominant cities for VC dollars invested.
Sources