- Source link: https://www.vox.com/recode/2020/2/10/21128651/silicon-valley-diversity-venture-capital-general-partners
- TL;DR: There is reason to be skeptical of the claim that women are quickly increasing in their representation in decision-making VC roles
- How helpful?: 4/5
- Topic Tags: women in Vc, diversity, decision-making roles, demographics
- Relevant questions addressed:
- Are women rapidly gaining more power in the VC industry?
- Summary bullet points
- Despite the data that says 52 women were made VC partners in 2019, still, 65% of VC firms have zero women partners, which is only down from 71% in 2018.
- Why is diversity in VC important?
- “For a long time, the concern has been that this cloistered corner of finance would not only remain an all-boys club, but also that the products we use in the real world — the cars we drive, the media outlets we read, the food we eat — would reflect the biases of these men at the table.”
- Only 19 of the 52 women partners were GPs, and since many VCs are calling even their most junior, non-decision-making employees “partners” now, it’s hard to say that the remaining 33 women who became regular partners have actually been given much decision-making power.
- Certainly, any increase in women in VC is a good thing, but it’s important not to give VC firms credit for giving more women decision-making power when it may not actually be the case