The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?
David Teten
MARCH 5, 2021
Of course, one could rebut that by saying traditional VC is all about investing in outliers: Seth Levine analyzed data from Correlation Ventures (21,000 financings from 2004-2013) and writes that “a full 65% of financings fail to return 1x capital. Third, the data above reflects companies which typically took a decade to build.
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