Ashley Brindamour AVG Blog December 28, 2020

False Dichotomy: Why Investing in Diversity Pays Off

Doing good and doing well by supporting diverse founding teams



False Dichotomy: Why Investing in Diversity Pays Off

December 28, 2020 | Ashley Brindamour

 

The AVG Anti-Bias Fund offers investors a portfolio of ~20-30 venture investments that are led by diverse founders/teams or featuring a business model addressing systemic biases.

AVG creates the portfolio from deals invested in by actively managed AVG funds. We then vet them for their fit with the Anti-Bias Fund thesis. The portfolio will be largely built over ~12-18 months, with ~20% set aside for follow-ons. The minimum starts at $25K. The fund closes on March 31.

 

New Anti-Bias Fund Open

The Anti-Bias Fund offers investors a portfolio of about 20-30 venture investments that are led by diverse founders/teams belonging or featuring a business model addressing systemic biases. Click below to review fund materials, along with case studies on AVG portfolio companies that demonstrate the kind of investment 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 »

 

Why Diversity Pays

“There are a tremendous number of women entrepreneurs and founders of color…who are unrecognized, unfunded, and under-leveraged. This is not just an equity issue. This is a business and innovation proposition for America.”

— Jean Case, Chairman of the National Geographic Society and CEO of the Case Impact Network and Case Foundation 

 

Our thesis: Bias not only harms society but quashes the positive potential financial gains from diversity.


 

1. Unconscious Bias is Pervasive but Addressable

2. Unconscious Bias Impacts Venture Capital Too 

 

Fund Intro Webinar

Join our webinar, An Introduction to AVG’s Anti-Bias Fund, on Tuesday, January 12, at 2:00 PM EST. We’ll explain the investing thesis behind this fund, outline our process for assembling the portfolio, give examples of representative deals, and answer questions.

Register Here » 

 

3. Backing Diverse Teams/Founders Has Major Financial Benefits 

Ironically, VCs acknowledge that underrepresented entrepreneurs can have a real competitive edge into problems and markets. But biases persist, and it’s estimated that VCs are missing out on as much as $4 trillion in value by not investing in more diverse founders.

There are many more stats to offer to support the benefits of diversity — and we haven’t even touched on the social and ethical dimensions. If you’re interested in doing good while doing well by backing diverse ventures, we invite you to connect with us on our Anti-Bias Fund. 

 

AVG’s Anti-Bias Fund offers a portfolio of about 20-30 venture investments that are led by a diverse founding team or feature a business model addressing systemic biases. Approximately 25% of the fund is reserved for follow-on investments. Minimum starts at $25K. Click below to learn more.

Get the Details »

 

 

Feature Photo: OregonDOT



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