The percentage of African American and Hispanic decision makers in the U.S. venture capital industry fell last year from already extremely low levels in 2017, reversing three years of small gains. Female representation in the industry’s senior ranks edged up to just over 15% from 14.6%, while Asian presence climbed. Overall, venture investing remains dominated by white men, even though the issue of diversity has garnered more attention in the past year than previously.
Those are the findings of The Information’s VC Diversity Index, based on the gender and race of key decision makers we surveyed at the 102 biggest U.S. venture capital firms. The Information then ranked the firms to show which are the most and least diverse. The rankings showed a three-way tie for first between BlueRun Ventures, Costanoa Ventures and Forerunner Ventures. Forerunner is a repeat first-place winner, while BlueRun and Costanoa moved up from 7th and 21st, respectively.