FOR IMMEDIATE RELEASE
June 16, 2021
Contact: Sabrina Fang
Phone: 703-283-2091
Email: sfang@nvca.org
SAN FRANCISCO, CA – Venture Forward is excited to celebrate its one-year anniversary as well as the appointment of two new members to its board of directors: Elliott Robinson, Partner at Bessemer Venture Partners, and Nicole Walker, Managing Partner at Arboretum Ventures. Read more
FOR IMMEDIATE RELEASE
March 3, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – Amid heightened efforts to promote increasingly diverse, equitable and inclusive workforces over the past year, venture capital (VC) firms are taking note of their social and corporate responsibility in achieving greater gender, racial and ethnic diversity. These key findings are from the third edition of the VC Human Capital Survey, powered by the National Venture Capital Association (NVCA), Venture Forward, and Deloitte.
FOR IMMEDIATE RELEASE
June 16, 2020
Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) today launched Venture Forward, a 501(c)(3) non-profit to shape the future of venture capital and meet the growing needs of the venture capital (VC) industry that extend beyond public policy. Venture Forward will drive the human capital, culture, values, and narrative of venture capital, to promote a strong and inclusive community.
WASHINGTON, DC – While much is still left to be done to boost diversity and inclusion (D&I) in the venture capital (VC) industry, the second edition of the National Venture Capital Association (NVCA)-Deloitte Human Capital Survey found that VC firms are beginning to make some important—albeit small—gains in implementing strategies to attract and retain top diverse talent. Read more
WASHINGTON, DC – The National Venture Capital Association (NVCA) today released a set of model documents and resources to help address sexual harassment in the venture industry. Created with guidance from working groups consisting of legal, H.R., and employment experts as well as venture investors, the documents have been created for both venture firms and startups to reference and adopt. These industry resources include: 1) Sample H.R. Policies for Addressing Harassment & Discrimination; 2) Sample H.R. Best Practices for Addressing Harassment & Discrimination; and 3) Sample Code of Conduct Policy. They are available with the NVCA Model Legal Documents as well as on the VentureForward page of the NVCA website.
The H.R. resources come in response to the news reports last summer of incidents of sexual harassment involving venture investors. In the wake of these revelations, NVCA sprang to action, speaking with many of the victims, collecting recommendations via an online form, and organizing a workshop in San Francisco that convened more than 60 industry participants, including managing partners, H.R. professionals, entrepreneurs, limited partners, legal experts, and other stakeholders. Read more
WASHINGTON, DC – The National Venture Capital Association (NVCA) today unveiled sample human resources (“H.R.”) policies—titled “Sample H.R. Policies for Attracting and Retaining Diverse Talent” (“the Policies”)—to assist venture capital firms in fostering diverse and inclusive cultures. Prepared by Proskauer Rose and Miller Law Group with support from Silicon Valley Bank, the Policies are an extension of the work of the NVCA Diversity Task Force and will be made available on nvca.org with all the other model legal documents NVCA shares with the venture community.
Included in the document are sample policies for a firm mission statement, non-discrimination, recruitment, childcare leave, mentorship, participation in outside affinity groups and activities, and flexible work arrangements. Read more
WASHINGTON, DC – The National Venture Capital Association (NVCA) today pledge to work with President Trump to advance opportunities for women in entrepreneurship and business. Recently President Trump announced an initiative in partnership with Canada to support women in business through the “Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders.”
“America’s venture capitalists are ready, eager, and able to partner with your Administration on this important initiative. NVCA members, hundreds of U.S. venture capital and corporate venture capital groups, support entrepreneurs by investing capital and resources to build the next-generation of innovative companies,” wrote Bobby Franklin, President and CEO of NVCA, in a letter to President Trump. Read more
WASHINGTON, DC – Although women comprise nearly one-half (45 percent) of the total venture capital workforce, few are in investment decision-making positions, according to a new report released today by the National Venture Capital Association (NVCA) and Deloitte. Based on the findings of the first ever 2020 NVCA-Deloitte Human Capital Survey conducted by the Deloitte University Leadership Center for Inclusion, women represent 11 percent of investment partners or equivalent on venture investment teams.
Racial minorities are also significantly underrepresented across the VC industry, according to the survey. By race, the report found that non-white employees comprise 22 percent of the venture capital workforce, including Black employees at 3 percent and Hispanic or Latino employees at 4 percent. Read more
WASHINGTON, DC – The National Venture Capital Association today joined as a supporting partner of the Open Network for Board Diversity (ONBOARD) Initiative. Spearheaded by the U.S. Small Business Administration and LinkedIn, the goal of the initiative is to increase the number of women and minority members of advisory boards and boards of directors of high growth small businesses, with special emphasis on those businesses supported by Small Business Investment Companies (SBICs).
“NVCA, our members and the companies they support all have a stake in creating a more inclusive entrepreneurial ecosystem and a critical component to those efforts starts with the composition of company boards,” said Bobby Franklin, President and CEO of NVCA. Read more
WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued a new report, Building a More Inclusive Entrepreneurial Ecosystem, showcasing the work of the NVCA Diversity Task Force and others over the past 18 months to advance a more inclusive entrepreneurial ecosystem. The report features actions taken by NVCA and its member firms to directly address the lack of underrepresented groups participating in venture capital and entrepreneurship and provides an overview of diversity and inclusion initiatives led by collaborators across the U.S.
“Diversity is core to the competitiveness of the entrepreneurial ecosystem. Diverse teams and inclusive approaches to building companies improve outcomes for society, individuals and the future of innovation,” said Bobby Franklin, President and CEO of NVCA. Read more
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