January 28, 2016 Sophie Mann

Venture capitalists are so white – but what if they weren’t?

Source: Chicago Tribune

What if venture capitalists looked less like Oscar voters and more like the rest of Chicago?

The vast majority — 87 percent — of venture capitalists are Caucasian, according to a 2011 survey from the National Venture Capital Association, and 89 percent are male. Only 4 percent identify as African-American or Latino nationally, and there are very few in Illinois. The widely mocked Oscar voter lineup is 94 percent white and 77 percent male. Adams Street Partners, a Chicago-based private equity firm, is one organization trying to change the investor profile. Read more here.

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