Just two days ago, Ada Ventures published the “Women in UK Venture Captial” report, examining where £6.6bn of Limited Partner Capital has been invested in the UK. The findings reveal the stark gender inequality in VC. 👷♀️While 38% of the VC workforce is comprised of women, only 22% of individuals holding leadership titles in VC firms are women,representation. 💼 Women make up only 17.7% of those with significant ownership of VC firms. 💰Just 7p in every pound raised goes to all-women-owned management companies; 17p in every pound goes to mixed-ownership management companies. 💡 We also see an emergence of “diversity washing”, a tactic that gives the appearance of diversity without addressing the underlying issues. It's crucial to address these issues as the UK's VC ecosystem continues to grow. 💪 Together, we can drive meaningful change in the venture capital industry, fostering inclusivity and equity. #DiversityInVC #VentureCapital #InclusionMatters #InvestingInWomen
NEWS: Today we at Ada Ventures release a first-of-a-kind report examining where £6.6bn of Limited Partner Capital has been invested in the UK over the last six years, between 2017-2023. The aim was to produce data on gender diversity of the leadership teams in UK VC firms. We created this report in partnership with Diversity VC with support from Google Cloud. It highlights some stark realities, showing that even with all the progress in the last six years on diversity, equity and inclusion, we still have a very long way to go. For the first time it shines a light on where LPs have allocated their capital and the differences between job titles and management company ownership (and therefore share of the fund profits). 💡 "Diversity washing" appears to be happening. Women have leadership titles (founding partner, managing partner and partner) without the same levels of ownership as their male counterparts (27% of men with leadership titles have significant ownership, vs just 17.7% of women). 💡All-male owned funds are 10x the size of all-woman owned funds over the period 💡That is the equivalent of 7p in every pound raised going to all-women funds and just 17p going to mixed gender owned funds. 💡Mixed gender owned funds raised 1p for every 4.5p raised by all-male owned funds 💡All-woman owned funds are raising just 1 fund in the time it takes for all-male owned funds to raise 8. The report covers: 👉 Background and methodology 👉Limitations of the data collection methods 👉The body of evidence linking fund performance to gender diversity 👉The context for why this matters now, before more funding to VC exacerbates the situation 👉Recommendations for LPs Comments from key opinion formers in the industry including Anne Boden at Starling Bank, Tilly Franklin, CIO of University of Cambridge Endowment, Caroline English, Director of Policy and Strategy at the British Business Bank, Stephen Muers, CEO, Big Society Capital, Katariina Helaniemi from Illusian Family Office and many more. Ladi Greenstreet, Sam Ettelaie, Oksana Stowe, Diarra Smith, Christian John G. Rojo, Jemima Maunder-Taylor, Johannes Lenhard, Gurpreet Manku, Matt Penneycard, Xun Ning Choong, Camila Zattar, Michael Tefula, Alasdair Thong, Ed Zimmerman, Michelle Ashworth, Charles Hudson, Marta Sjögren and Francesca (Check) Warner
Retired senior exec in the B2B Marketing space. International, large corp, SME & MBO experience. Now lives in Budleigh Salterton & spends time in the Marina Alta region of Spain in north Costa Blanca
11moPerhaps publishing a few case studies on Successful Women in VC would help or a panel session at a conference? What’s the gender breakdown by age group?