VC Firms’ Next Step After Hiring a Woman: Hiring a Second Woman
In male-dominated venture capital, some firms aren’t declaring victory after adding a lone female partner.
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The number of venture capital firms with two or more female partners doubled last year to 14%, suggesting a cultural change is under way in one of finance’s most intractable all-boys’ clubs.
Last year 52 women became partners or general partners at VC firms—a record, according to a soon-to-be-published study by All Raise, an advocacy group for women in venture capital and tech. The additions mark a significant shift as more firms add multiple women, helping address concerns of tokenism in an industry that is still overwhelmingly male dominated.