Diversity As $uperpower: The (Well-Known) Data Against Homogeneous Teams In Venture Capital

The data are clear: As with public companies, startup founder and investing teams that are diverse—specifically with more than one gender and/or one race or ethnicity represented—are more innovative and make more money. In fact, venture capital investing teams limited to any one gender and/or any one race damage innovation and risk limiting financial outcomes. This article summarises the steady stream of evidence published since 2013 indicates that when startup teams and venture investing teams embrace differences in gender, race, ethnicity, educational background, and/or professional experience, these heterogeneous teams outperform homogeneous teams.