WHAT #METOO MEANS FOR SILICON VALLEY
It’s taken a series of scandals to get venture capital firms to (finally) hire female partners.
The venture capital industry, which last year doled out $84 billion to startups, manages a neat trick. While relatively new—and devoted to seeking out what’s next for business and the world—it’s as old-fashioned as it gets, comprising overwhelmingly male, overwhelmingly white partnerships who overwhelmingly do business with those who remind them of their younger selves.
As of last year, at the top 100 venture firms, only 8 percent of investing partners were women. Two percent of venture capitalists were Hispanic. Not even 1 percent were black. And almost a quarter of VCs with
