1、VC Human Capital Survey Fourth edition|April 20232Executive summary 3Why DEI matters for the VC industry 8The diversity dividend 9Barriers to DEI progress 11Gender diversity 12Racial diversity 16Ethnic diversity 23Other key characteristics of the VC workforce 27Talent management and DEI practices 29
2、Take action:How VC firms can promote DEI 38Survey methodology 41Appendix 43Endnotes 51ContentsExecutive summaryThis report includes the key results of the fourth edition of an ongoing survey series conducted by Venture Forward,the National Venture Capital Association(NVCA),and Deloitte&Touche LLP(De
3、loitte)to assess the state of diversity,equity,and inclusion(DEI)in the venture capital(VC)industry.The VC Human Capital Survey provides data on the workforce demographics and firm-level DEI practices at United States VC firms.The survey was first conducted in 2016,creating an industry benchmark,wit
4、h subsequent surveys conducted in 2018 and 2020.The latest survey,the fourth edition,was conducted in 2022.Results from the latest survey show the VC industry has made significant but somewhat inconsistent progress in increasing its gender,racial,and ethnic diversity since 2016.Womens representation
5、 in both investment and leadership positions has grown steadily,while Black and Hispanic employees representation has seen smaller though accelerated increases since the last survey.Diversity gains have been uneven across different types of firms,and there are areas where more leadership and action
6、can accelerate progress.In addition to their broader social responsibility,surveyed VC firms are recognizing that more diverse,equitable,and inclusive teams outperform,fuel innovative ideas(that may have previously been overlooked),and create value.Research consistently shows that diverse teams have