When the worlds of venture capital and diversity collide
- On March 8, 2019
- By GrowthInvest Admin
On International Women’s Day, female representatives of Mercia’s investment team argue that whilst there are shortcomings in the VC industry, some progress is being made but insist that mandating female-led investment levels is not necessary.
Many institutional investors employ no women at senior level, with industry wide figures reaching a paltry six percent. Mercia’s Investment Director Jill Williams and Investment Manager Sandy Reid believe that a full and diverse investment team could be the touchstone to breaking the deadlock, but both vehemently insist that this shouldn’t be achieved through tokenism.
This subject has received wide-reaching interest following the recently published UK VC & Female Founders report which highlighted that for every £1 of venture capital investment, less than 1p goes to all-female founder teams. By comparison, all-male founder teams receive 89p and mixed-gender teams get the remaining 10p. The research, commissioned by the government, will inform ongoing work to tackle the underfunding issue and ultimately boost the economy.
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