Emily Mendell, NVCA, 610-565-3904,firstname.lastname@example.org Channa Brooks, Tenor Communications for NVCA, 302-368-2345Kim Gagliardi, Dow Jones & Company,email@example.com, 603-864-8873
Diversity Increases Among Newer Venture Capital Professionals While GenderComposition of Industry Remains Largely Unchanged
NVCA and Dow Jones VentureSource Release 2011 Venture Census Data
November 21, 2011, Washington D.C
. -- The National Venture Capital Association (NVCA) and DowJones VentureSource today released the results of the 2011 Venture Census survey which examines thedemographic composition of the U.S. venture capital industry. Among the findings are signs of increasingethnic diversity, especially among newer professionals, an investor base comprised mostly of men, and aloyal and stable workforce as almost half the respondents expect to be in the same role at the same firm infive years.“As the venture capital industry continues to contract and the number of professionals declines over thenext five years, we could very well see more dramatic demographic shifts within the industry,” said NVCA President Mark Heesen. “The future composition will be predicated on a variety of market factorssuch as ongoing fund size, favored investment sectors, LP preferences, and public policy. Tax policy,immigration reform, the FDA approval process, and energy policy all will have some impact on whereventure investment goes and who is doing the investing. Ideally, we would like to see a professional basethat reflects the entrepreneurs in which we invest, one that is robust and diverse in terms of gender,ethnicity, nationality and age.”Conducted for the first time in 2008, this year’s Venture Census comprised responses from nearly 600 professionals in both investment roles and administrative functions such as chief financial officers andmarketing and communications professionals.
While 79 percent of the survey respondents were male and 21 percent were female, women were lesslikely to hold investment roles. Of those who identified themselves as investors, 89 percent were maleand 11 percent were female. In 2008, when measured slightly differently, 86 percent of investors weremale and 14 percent were female.The life sciences and clean technology industries had the highest percentage of women investors at 18 percent and 15 percent respectively. Information technology (IT) followed with women representing 12 percent of business-to-business IT investors and 11 percent of consumer IT investors. The lowest percentage of women investors was in the non-high tech products and services sector at eight percent.Of those respondents who were administrative professionals, 62 percent were women and 38 percent weremen. The CFO position was split nearly evenly, comprised of 53 percent women and 47 percent men.