Slides on the British Business Bank's research into VC & Female Founders in collaboration with Diversity VC and the BVCA from a recent presentation at the BVCA's diversity forum. Download the full report here: https://www.british-business-bank.co.uk/uk-vc-female-founders-report/
2. The ‘VC & Female Founders’ report was released in February
45 UK
VC firms
3. For every £1 of venture capital investment in the UK:
4. To work on the issues, we need to know where they are
Bias in
decision-
making?
Problems
making contact
with VCs?
Few women in
the industries
VCs invest in?
5. To work on the issues, we need to know where they are
Problems
making contact
with VCs?
Few women in
the industries
VCs invest in?
Only 26% of
digital industries
employees are
female
Bias in
decision-
making?
8. Networks are vital to getting investment
Warm
Cold
Outbound 10% 11% 10%
50%
9% 8%
39%
80% 82%
Pitchdecks
that reach a
VC firm…
…that get to
investment
committee
…that
receive
funding
2.1x
‘benefit’
from coming
in warm
-6.0x
‘penalty’
from coming
in cold
11. Four steps to take
3
2
4
Commit yourselves and your firm to
improving founder diversity and inclusion
• State that D&I is important to you!
• Do it privately and publicly
• BBB is adding D&I assessment to our
fund manager diligence
1
12. Four steps to take
3 4
Commit yourselves and your firm to
improving founder diversity and inclusion
• State that D&I is important to you!
• Do it privately and publicly
• BBB is adding D&I assessment to our
fund manager diligence
1 Collect and analyse diversity and inclusion
data on founders and share your findings
• Collect data, analyse it, discuss it
• Share your findings with others
• BBB is evaluating diversity in our VC
programmes
2
13. Four steps to take
4
Commit yourselves and your firm to
improving founder diversity and inclusion
• State that D&I is important to you!
• Do it privately and publicly
• BBB is adding D&I assessment to our
fund manager diligence
1 Collect and analyse diversity and inclusion
data on founders and share your findings
• Collect data, analyse it, discuss it
• Share your findings with others
• BBB is evaluating diversity in our VC
programmes
2
Connect with other firms and bodies and
help drive the agenda
• Challenge industry bodies
• Bring in those you need to progress
• BBB is working with BVCA, Diversity VC,
HM Treasury / ‘Alison Rose’ Review
3
14. Four steps to take
Commit yourselves and your firm to
improving founder diversity and inclusion
• State that D&I is important to you!
• Do it privately and publicly
• BBB is adding D&I assessment to our
fund manager diligence
Collect and analyse diversity and inclusion
data on founders and share your findings
• Collect data, analyse it, discuss it
• Share your findings with others
• BBB is evaluating diversity in our VC
programmes
Connect with other firms and bodies and
help drive the agenda
• Challenge industry bodies
• Bring in those you need to progress
• BBB is working with BVCA, Diversity VC,
HM Treasury / ‘Alison Rose’ Review
Develop steps to increase diversity for
your firm and track their impact
• Learn from others’ experiences
• Implement, measure, assess, adapt
• BBB will publish VCs’ progress against
these actions by the end of 2020
1
3
2
4