Morgan Stanley Survey

Racial Justice Movement Has Shifted VC Attitudes to Address Diverse Entrepreneurs’ Funding Gap - Seite 2

Additional key findings:

The shift in attitudes remains uneven. Women and multicultural VCs lead the way, while traditional VCs (who are largely white and male) trail their respective counterparts, in terms of attitudes, intentions and actions.

• While showing some improvement since last year, traditional VCs are still less likely than women or multicultural-led VC firms to see the value of investing in companies founded by diverse entrepreneurs.
• Only 59% of traditional VCs, compared to 83% and 84% of women and multicultural VCs, respectively, believe that it is possible to have an investment strategy that intentionally invests in women and multicultural entrepreneurs while still maximizing returns.

The 2020 data also suggests that Limited Partners (LPs) have room to increase their engagement on closing the gap.

• VCs haven’t yet marked a major change on this issue ‒ only 59% of VCs believe that investing in diverse entrepreneurs is a priority to their LPs, up slightly from 55% in 2019.

The survey findings are featured here, Morgan Stanley’s second annual VC survey and report examining the funding landscape for women and multicultural entrepreneurs, and the investor attitudes and behaviors that perpetuate the funding gap. Included in the report is a Morgan Stanley playbook for VCs to seize these opportunities and put their capital to work to help boost diversity and access returns from a widely untapped pool of multicultural and women entrepreneurs.

“I hope our second VC report can help shed light on the Trillion-Dollar Blindspot and highlight the multitude of ways that investors can help close the funding gap that women and multicultural entrepreneurs continue to face in today’s investment landscape,” continued Harris.

The online survey of 76 VCs, who are almost exclusively leads or co-investors, with an average equity check size of $2.65 million, was conducted on behalf of Morgan Stanley by Brunswick Group between August 5 and 8, 2020, in the U.S.

The full report and survey results can be viewed online here.

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