New diversity report highlights progress in VC industry

mercurynews.com - While women and minority venture capitalists are still few and far between, the industry is making some progress -- particularly by admitting that diversity is an issue -- according to the National Venture Capital Association's first report on the subject.

It's been a year and a half since the NVCA launched its Diversity Task Force, making it an official priority to broaden the pool of investors -- typically white men -- who fund Silicon Valley's tech industry. During that time, former Kleiner Perkins Caufield & Byers partner Ellen Pao lost her high-profile gender discrimination trial against the storied Silicon Valley VC firm, and investors and tech companies have faced mounting pressure to diversify their teams.

File photo: Aspect Ventures Jennifer Fonstadt, left, speaks to Women 2.0 CEO and co-founder Shaherose Charania, center, and National Venture Capital Association Diversity Task Force co-chair Kate Mitchell, right, after a panel discussion on diversity in the tech industry at Intel Corporation's Executive Briefing Center in Santa Clara, Calif., on Tuesday, June 9, 2015. (LiPo Ching/Bay Area News Group archives)

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