Who Are Venture Capitalist?
The lack of race, gender, and educational diversity contributes to the cyclic problem of diversity in tech. Venture capitalist fund people and ideas that have worked in the past, with a phenomenon commonly known as “pattern matching.” When past patterns have lacked diversity, future patterns will lack diversity. Startups founded by women received only 2% of venture capitalist funding. That causes the insularity of venture capitalists to ripple out, ultimately influencing the makeup of the tech industry by determining which companies get vital monetary resources.
This chart shows demographics of U.S. venture capitalists in July 2018.