Excellent report on the latest DEI stat from our friends All Raise Paige Hendrix Buckner - progress, but still a ways to go! We lift and elevate others while we climb 🤝
This year has been monumental for All Raise, and our CEO Paige Hendrix Buckner is eager to share our collective progress! Here are some takeaways: 1️⃣ We’re trending in the right direction and outpacing the expected time to achieve our goals. The proportion of women decision-makers in VC firms has nearly doubled to 17.4%! (For firms with $50M AUM or greater) 2️⃣ Diversity leads to triumph! Research confirms that diverse teams yield better returns. As noted by Harvard Business Review, venture capital firms that increased their proportion of female partner hires by 10% saw, on average, a 1.5% spike in overall fund returns each year and had 9.7% more profitable exits. 3️⃣ Male allyship is essential. Our community survey reveals that 98% of respondents acknowledge the positive impact of male allies in hiring, funding, and mentorship endeavors. As a collective, we can rewire the industry from the inside. We've made substantial progress, but we still have much work ahead. We are deeply grateful to our team, volunteers, and Board members for their steadfast commitment. For full details, read our comprehensive 2023 Annual Report: https://lnkd.in/gbbZabdr #Investment #VentureCapital #GPs #LPs #EmergingManagers Kirsten Green Ita Ekpoudom Madeline Darcy Caitlin Herling Byron Deeter J.C. Lopez Anna Barber Elise King Erin Harkless Moore, CFA Candice Morgan Karen Toste