As a journalist, I spent a lot of time thinking and writing about early-stage venture capital. The mystique was intriguing, and at times, pretty annoying. I loved the idea of deeply researching, sourcing, and betting on the brands and companies that will define the future. But it was nearly impossible to understand how anyone working in VC actually got there.
Many of them were (and are) straight, cis, white men who seemed to have been grandfathered into this highly lucrative, exciting industry by nature of, well, going to Harvard/Stanford and looking the way they do. Or they were in the right place at the right time. Or they “knew someone who knew someone.” Yes, there’s judgement and assumption baked into these statements.
Of course, many of these people are insanely brilliant and deserving of their stature. Still, their united front of VC secrecy is discouraging and demotivating for the next generation of professionals — people of all genders, races, sexual orientations, education, and industry experience. We need to be able to see ourselves succeeding in venture, or getting a VC job in the first place. It’s not a novel thought, but representation absolutely matters.
Initiatives like AllRaise, ByWomenVCs, and VC leaders like AileenLee, Anarghya Vardhana, Cat Lee, Monique Woodard, Rebecca Kaden, Sutian Dong, and female, POC, and LGBTQ focused funds like Backstage Capital, Jane VC, and Female Founders Fund have materially moved the needle on VC’s glaring diversity and inclusion problems. They, among other women and allies, have made concerted efforts to respond to cold emails, amplify women’s voices, and educate professionals like myself, who were eager to get involved in VC but didn’t fit the cookie-cutter consultant/finance-to founder profile.
These progressive industry leaders are outstanding and invaluable. They’re also all partners — meaning, they’re the highest-level VCs at their respective funds. They represent what junior employees hope to become, and yet, their success in VC can still feel illusive.
The more I worked in and around VC, the more I heard the same question from people outside (and within) the industry: How did you get into venture? How did you meet people? And if you’re not a partner, what do…