This document discusses the importance of diversity and inclusion in business. It begins by introducing the speaker, Francesca Warner, and their organization Diversity VC, which promotes diversity in venture capital. Some key statistics are presented showing a lack of diversity in tech leadership and funding. There are four main reasons why diversity matters: it leads to improved financial performance, access to more talent, better decision making, and product design that considers more users. Practical advice is given on how to build diversity from the start, such as understanding issues, measuring diversity, reviewing hiring and culture, and providing training and support. The overall message is that diversity should be a priority from day one as it benefits the business in many ways.
4. !4
! Who I am
! What I mean by diversity
! Why embracing diversity & inclusion is the best way to
supercharge your business
! Practical, tangible advice for building in diversity from day one
Today
5. Who I am
!5
Venture Capitalist &
Angel Investor
Venture Advisor to the world’s
First Space Fund, Seraphim
Capital
Co-founder & CEO of
Diversity VC
6. Where I came from
!6
36
investments
128
rounds of
funding
3
years
Live Better With Predina Papier
11. Diversity VC comprises four key initiatives
DATA
Promoting diversity
with help of
proprietary data and
research
STUDENTS
Helping venture capital
firms hire from a
diverse talent pool
VCs
Building a diverse
network of venture
capital professionals
ENTREPRENEU
RS & LPS
Connecting with a
diverse community of
entrepreneurs and
LPs
11
13. Presentation for the
BVCA
We published the first ever study on
women in UK VC
WOMEN IN U.K.
VENTURE CAPITAL
2017
A report by Diversity VC
In partnership with the BVCA With
data provided by Craft.co
Published May 2017
13
21. !21
“Cutting corners will come back to bite you. When you fall into debt, the
interest rate keeps growing, and at some point your culture is potentially
endangered.” -
Manu Smadja, co-founder of edtech and financial inclusion startup MPOWER Financing
29. Women represent just 13% of decision makers
in U.K. venture capital
n=987 investment
professionals
n=1,559 employees
OF DECISION
MAKERS ARE
WOMEN
13%OF INVESTMENT
PROFESSIONALS
ARE WOMEN
47%OF U.K.
LABOUR
FORCE
ARE WOMEN
27%OF OVERALL
LABOUR
FORCE ARE
WOMEN
n=660 partners,
or equivalent
Diversity VC Research
(2017)
29
18%
30. Presentation for the
BVCA
Diversity VC Research
(2017)
OF FIRMS HAVE NO
WOMEN IN THEIR
DECISION MAKING
TEAM
66%
OF FIRMS HAVE NO
WOMEN IN THEIR
INVESTMENT
TEAM
n=160
firms
30
48%
33. 33
Financial performance
21%Improved
performance from
gender diverse
teams
35%Improved
performance from
ethnically diverse
teams
Source:
McKinsey,
Diversity
Matters 2018
Source:
McKinsey,
Diversity
Matters 2018
Source: HBR,
The Other
Diversity
Dividend
Source: HBR,
The Other
Diversity
Dividend
11
%
Lower
success rate
on exit with
shared
schools
26
%
Lower
success rate
on exit with
shared
ethnicity
34. 34
Talent
80%
On average of the op-ex
of a business goes on
talent
Source:
LinkedIn 2018
3xMore likely that people
of colour & women will
leave a business
because of cultural
challenges
Source: Smash,
Corporate Leavers
Survey
45. 45
& much more!
Check out the Diversity VC toolkit for more information &
recommendations.
46. Intel
If you do not intentionally include,
you will unintentionally exclude,” -
Barabara Whye, Intel’s chief
diversity and inclusion officer
46
47. Habito
47
“The accessible entrance to the
building is next to the cafe; if you
need any additional information
please let me know.”
Sophia Clarke, Head of Business
Operations, Habito
48. !48
! Build in diversity & inclusion from day one
! Not just an important thing to do- but impacts the bottom line
! There are some really practical things you can do and some
affordable training and software solutions that you can do it
with!
To conclude
49. THANKS!
Francesca Warner
CEO, Diversity VC
Venture Advisor, Seraphim
Capital
Check@diversity.vc
+44 (0) 7958150339
Diversity VC was established as a non-profit organisation on 11th May
2017.
The company was incorporated in the U.K. on 11th May 2017
as a Company Limited by Guarantee (Company Number
10765592). The company is able to take donations for
charitable activities.
We have five directors, called council members:
Francesca
Warner
Travis
Winstanley
Farooq Abbasi
Lillian Li
Anna Boffetta