2023-10-17-德勤-2023年风险投资人力资本调查_52页_5mb

The fourth edition of the VC Human Capital Survey highlights the progress and challenges in advancing diversity, equity, and inclusion (DEI) within the venture capital industry. Key findings show modest increases in gender, racial, and ethnic diversity among employees, particularly in junior roles, but significant disparities persist at senior levels. Factors such as small firm size, systemic barriers, and unconscious bias hinder faster progress. DEI strategies are becoming more common, with many firms setting specific goals, using external sources for talent, and addressing inclusion through surveys and policies. Recommendations include prioritizing DEI in hiring, promoting equitable practices, and maintaining focus during downturns to drive systemic change.

Main Findings Summary:

• Gender Diversity: Female representation among investment professionals rose to 26% (up from 23% in 2020), but senior roles remain low at 19%. Progress is uneven, with better gains among newer firms.
• Racial Diversity: Black and Hispanic employees have seen slight increases but remain underrepresented, especially in leadership positions (e.g., Black investment partners at 1%).
• Ethnic Diversity: Hispanic representation improved slightly, to 6% overall, with variations across firm types.
• DEI Practices: 46% of firms report a diversity strategy, and 32% conduct inclusion surveys. However, no strong correlation was found between DEI strategies and racial/ethnic diversity outcomes. Turnover is low in senior roles, limiting opportunities for diversity growth.

Challenges:

• Computational barriers like small firm networks and lack of objective metrics for talent promotion create obstacles.
• Long-term dynamics in the VC industry slow the impact of DEI initiatives, with changes only partially visible two years post-George Floyd's murder.

Recommendations:

• Set measurable DEI goals, promote inclusive hiring by seeking external candidates, and address unconscious bias in evaluations.
• Enhance corporate infrastructure, such as flexible work policies and mentorship, to support diverse talent.
• Maintain DEI momentum through learner programs and supporting underrepresented investors, even during market downturns.

DEI is essential for fostering innovation, improving firm performance, and aligning with venture capital's broader social impact.