Why do so many venture capitalists ignore the single best predictor of the future: demographics?
One of my particular interests is looking for women & minority entrepreneurs in which to invest. It’s not because of personal ties; I’m yet another white male in the overwhelmingly white male VC industry. According to the National Venture Capital Association/Dow Jones VentureSource, the VC industry is dominated by men (89% of VC Partners), specifically white men (76% of the total). Of all VC Partners studied, just 10% identified as Asian, 1% as African-American, and less than 1% as Latino.
