New report spotlights DEI data from 315 VC firms
Interest in diversity, equity, and inclusion shows increased interest from limited partners of funds.
There’s a newly issued report that spotlights diversity, equity, and inclusion (DEI) data from 315 venture capital (VC) firms, representing more than 5,700 U.S.-based, full-time employees and $594.5 billion in assets under management.
Titled appropriately enough the “VC Human Capital Survey,” the report is based on data confidentially gathered from VC firms of all types and sizes. It examines various demographic groups across all positions and evaluates firm talent management strategies, including DEI practices and goals. The fourth edition of the survey provides a first glimpse into outcomes from initiatives that many VC firms made following the summer of 2020 when social justice and racial equity were a heightened focus for the country.
What are the key takeaways for start-ups? One in particular was obvious, with many of the others focused more on the firms themselves. The one that stood out was that more VC firms are seeing increased DEI interest from limited partners (LPs) and focusing on DEI at portfolio companies. In 2022, 47 percent percent of firms said that LPs requested their DEI details within the last 12 months, an increase from 41 percent in 2020, and 36 percent in 2018.