Despite extensive endeavors aimed at enhancing diversity within the venture capital (VC) industry, a notable gender disparity persists among both decision-makers in investment within VC firms and the beneficiaries of venture capital funding. Presently, in the United States, women constitute roughly 11% of investing partners within VC firms, and me rely about 13% of venture capital funds are allocated to startups led by women.

Venture capital is a male-dominated industry and bias, whether conscious or subconscious. Harvard study showed that 70% of VC investors preferred pitches presented by male entrepreneurs over those presented by female entrepreneurs, even when the pitches were identical in nature.

The stark reality of societal inequity in the United States is particularly evident within the startup landscape. Recent data underscores significant disparities: In 2022, Black and Latino entrepreneurs received only 1 percent and 1.5 percent of total U.S. venture capital (VC) funding, respectively. Meanwhile, women-led teams secured 1.9 percent of VC funds, with an alarmingly low 0.1 percent directed towards Black and Latino women founders.