Programs aiming to tackle the venture capital industry’s systemic lack of diversity are shifting online amid the coronavirus pandemic as they try to sustain their momentum.
This year, London-based Diversity VC and Included VC have tweaked their courses, which aim to get more people into tech investing from diverse backgrounds.
VC has a reputation for being among the least diverse industries in the world. In the U.S., the industry is 70% white and 80% male, while 40% hail from Stanford or Harvard, according to analysis by Equal Ventures. In the U.K., just 13% of top VC jobs are occupied by women, according to a report from Diversity VC. It’s a self-perpetuating prophecy: most of the industry’s capital still flows to a relatively narrow group of founders who tend to have things in common with the VCs themselves.