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Earlier this year, as the annual Angel Venture Fair was wrapping up, MilkCrate CEO Morgan Berman dropped some truth to Philly.com reporter Diane Mastrull:

“It is a little bit awkward for me to just go up to all these middle-aged men in sports jackets in the Union League.”

A diversity-challenged angel and venture capital scene isn’t just a Philly issue. The problem also goes beyond just gender. And as our sister site Generocity has reported, the lack of diversity is also found in the impact investment scene.

Image: Venture capitalists opened up about failure at #Failfest during Philly Tech Week 2017 presented by Comcast. (Photo by Roberto Torres)