Ashley Brindamour AVG Blog March 12, 2021

Anti-Bias Fund: Diversity Initiatives in the Financial Sector

Doing good and doing well by supporting diverse founding teams

Anti-Bias Fund: Diversity Initiatives in the Financial Sector

March 12, 2021 | Ashley Brindamour

“Investing in women and underrepresented founders is smart investing, as they on average outperform on both time to exit and returns. In a way, it is alpha hiding in plain sight. The right thing to do and the smart thing to do. No better time than now.”

—Lea Bajc, partner at Antler


AVG’s Anti-Bias Fund is based on the thesis that it can be good for society and for your portfolio to invest in businesses led by diverse founders and/or addressing systemic bias.

While the fact remains that women and people of color are underfunded and underrepresented in the venture industry, there are also some more hopeful signs. We recently highlighted some of our co-investors who actively consider diversity as an important criterion in their investments. Below we’re spotlighting some other diversity initiatives in venture and the financial sector.


Fund Closing March 31

The Anti-Bias Fund offers investors a portfolio of ~20-30 venture investments that are led by diverse founders/teams or feature a business model addressing systemic biases. Click below to review fund materials, along with case studies on Alumni Ventures portfolio companies that demonstrate the kind of investments we might add to the Anti-Bias Fund. You can also book a call with a Senior Partner if you have questions or want to learn more.

View Fund Materials »  


Diversity Initiatives in the Financial Sector 


Live Webinar: AVG Women in VC Panel 

Join some of Alumni Ventures’ female investment professionals on Wednesday, March 24, at 2:00 PM Eastern for a discussion about the opportunities and challenges for women in venture capital. Participants will include (from top left):

  • Jasmi Shah, Principal at Purple Arch Ventures
  • Laura Bordewieck Rippy, Managing Partner at Green D Ventures
  • Lacey Farrell Johnson, Investing Partner at The Yard Ventures
  • Catherine Lu, Managing Partner at Alumni Ventures’ Basecamp Fund

Register Here »  


Learn More About Our Anti-Bias Fund

We’re pleased to report some positive results in fighting bias. But given the overall rate of funding and venture employment for women and people of color, much more needs to be done. We hope the Anti-Bias Fund is one more such “good news” story and invite you to explore more about the fund. If you have questions, click below to connect with us.

Connect With Us » 

Interested in learning more? Click below to review fund materials.

View Fund Materials » 


Contact for additional information. To see additional risk factors and investment considerations, visit


Feature Photo by Christina @ on Unsplash

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