Untapped Opportunity: Minority Founders Still Being Overlooked
While many VCs have publicly declared they are working on diversity initiatives, that dialog is “just lip service,” said Anthony Zhang, RateMyInvestor’s chief growth officer.
Those in the VC-seeking trenches echo the report’s findings, with some industry advocates saying the responsibility lands particularly hard on women to address the issue.
“A lot of the pressure is on women to fix this very deep-rooted problem, and that’s not going to work. We alone as women cannot fix this industry’s problem, where frankly the gatekeepers are dominated by men,” said Allyson Kapin, founder of Washington, D.C.-based Women Who Tech, a nonprofit focused on advancing women in technology. Kapin is also founder of Rad Campaign, a web design firm that works with nonprofits and “socially responsible” businesses.