|Not another white guy...|
Venture capitalists in the United States - just like all those pesky National Register of Historic Sites across the nation - are, well, embarrassingly white:
A new survey of venture capitalists shows little has changed in the area of diversity since the first poll was conducted three years ago by the National Venture Capital Association and Dow Jones VentureSource.
Not surprisingly, the profession is dominated by males, specifically white men. Of the more than 460 respondents identifying themselves as investors, 89% were men, and 11% were women. The 2008 survey consisted of 86% men and 14% women.
When looking at race, 86% of investors identify themselves as Caucasian, 10% as Asian and 1% as African American. In the 2008 study, 88% were white. Combining gender and race, 76% of participants were white males, compared with 77% three years ago.Read VentureWire’s complete story, which details some efforts to diversify the industry.This tragedy is punctuated further by Gawker.com's serious article bemoaning the utter horror of living in a nation where Black (well, Hispanic too) contributions are limited to the social construct of Black supremacy in sports and The Maury Povich Show. Here's what Gawker wrote:
The National Venture Capital Association has completed its 2011 census. Now we all know the business of doling out money to tech startups is a pasty one—right? we're all clear on this, yes?—but the association this year trumpets "signs of increasing ethnic diversity." So, take a wild guess at the combined percentage of blacks and Latinos among venture capitalists.
Did you guess two percent? If so, congratulations, you win another several decades of continued de facto exclusion and OMG HOW DARE YOU CALL ME A RACIST push back. After surveying 600 VC professionals, NVCA found the industry to be 87 percent white, 9 percent Asian, and 2 percent black or Latino. The low numbers of blacks and Latinos apparently precluded even breaking out separate tallies, even though these are the two largest U.S. ethnic groups after whites, constituting 16 and 12 percent of the overall national population, respectively.
The NVCA's president Mark Heesen wrote, "The future composition will be predicated on a variety of market factors.... Ideally, we would like to see a professional base that reflects the entrepreneurs in which we invest, one that is robust and diverse in terms of gender, ethnicity, nationality and age." Ha ha, yes, hopefully the future world of venture investors will be as wonderfully diverse as the current world of venture capital recipients. Dare to dream.What does any of this even mean? When you recall that the Department of Education basically putting a proverbial gun to the head of the Los Angeles Unified School District (LAUSD) to improve poor Black academic performance and educational disparities, you should realize that putting any hope for the future world of venture capitalist to be "diverse" is laughable. Pure folly.
Across the country, Black kids aren't just being abandoned by their sperm donor father, but by an education system that just can't nurture away nature. How will they ever grow up to be venture capitalists in anything save concocting elaborate prison distribution systems for smuggled contraband - and manipulating the price of cigarettes and other supplies - that would make even the wise supply chain management guru blush?
Oh well. Dare to dream, right Gawker?