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The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?

David Teten

based founders, 35 were white* American; four were white immigrant/first generation, from France, Ukraine, Russia and Iran; and four were Indian immigrant/first generation. of 3,981 VC funds below $2b in size returned at least 2X Distributions to Paid-In Capital (2X) or more. All of the 40 companies’ 92 founders were male.