Startups

The Changing Face of UK VC 2020

Last year we went on the search for the best and brightest women in UK venture capital. We were responding to a new wealth of data on the topic which that a glaring gender disparity in the small but powerful industry.

New data from the likes of Diversity VC, the British Business Bank, and the VC firm Atomico has pulled back the curtain on an industry that looked a lot like a boys’ club, and a pretty exclusive one at that, populated by just 20 percent of women in investing roles, and 13 percent at the senior level according to the latest report from Diversity VC.

That report also expanded its remit beyond gender diversity to include career background, education, and ethnicity for the first time.

A fifth of employees in Britain’s VC industry had attended either Oxford, Cambridge, Harvard, or Stanford. A third of those surveyed had either attended those prestigious universities, or a business school.

Ethnicity proved harder to quantify because just 223 of the 2,114 VCs surveyed submitted answers on the topic. Still, of those respondents, 76 percent identified as white.

To reflect this we also broadened our search for diverse talent in the industry, committing to speaking to six people in the industry about their experiences, and we will be publishing one every two days for the next two weeks.

Copyright © 2020 IDG Communications, Inc.

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