Editor's note: This is the first in our series examining diversity in venture capital. Read the second and third stories here and sign up for our newsletter to get updates.

The nationwide protests in response to the killing of George Floyd led to a flurry of discussions and self-reflection in the overwhelming white male world of venture capital about what needs to change to make the industry more diverse. While many VCs were quick (or not so quick) to take to social media to say they support diversity or attend webinars on inclusivity, meaningful concrete action has been less common.

"The venture field has been probably the slowest to let minorities and women in," said Sue Toigo, co-founder of the Toigo Foundation, which helps underrepresented minorities get careers in finance. "It has the worst record of all asset classes."

Read more Show less

As the country reckons with racial inequity forced to the fore by the George Floyd protests, the National Venture Capital Association launched a nonprofit Tuesday with a focus on building diversity.

Dubbed Venture Forward, the $5.5 million effort had been in the works for years and is being backed by Silicon Valley Bank, Deloitte and Gunderson Dettmer along with dozens of individuals.

Read more Show less

Trending