Tuesday, June 16, 2020

NVCA's Venture Forward Aims At More Inclusive VC Community

The National Venture Capital Association (NVCA) says that it is launching a brand new nonprofit Venture Forward, which it says will help advance initiatives around diversity, education, research, and history within the venture capital industry, to help promote a strong and inclusive community. The NVCA--which represents the venture capital industry--said that the new nonprofit is a response to the fact that although the industry produced "tremendous innovation and economic success" it has done so by systematically excluding the participation of women, people of color, and other underrepresented minorities. The new venture is being funded by such donors as Silicon Valley Bank, Deloitte, and Gunderson Dettmer; the new group is being structured as a public charity and supporting organization to the NVCA.