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This tech investment firm published startup diversity stats for the first time and it shames venture capital's 'collective blind spot'

This tech investment firm published startup diversity stats for the first time and it shames venture capital's 'collective blind spot'




Tech startups and investment remain fairly homogeneous, with ethnic minority and female founders still in the minority.




One problem is that no one really wants to disclose how lacking in diversity they are.




One early-stage venture capital firm has studied its own portfolio of startups to see how many have female and ethnic minority founders and revealed the numbers.




Forward Partners is beating the average, with 10 companies out of its 52 investments having at least one female founder, but the investor wants to do better.



The tech startup and investment is a homogeneous world, with the stereotype of white men at the helm still prevailing.
According to data from The Entrepreneurs' Network and Beauhurst released in 2017, just 9%, or £358.4 million, of UK investment went to startups with a female founder. The remaining £3.6 billion went to male-founded companies. It isn't for want of trying either — female founders anecdotally report that it is tougher for them to raise money.
One early-stage venture capital firm, Forward Partners, is releasing diversity statistics for its startups for the first time in an effort to shine a light on where it puts its millions. Forward has invested in 52 startups since 2013, such as peer-to-peer lender Zopa, and has $84.4 million (£74 million) in funds under management.
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