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Alternative Market Briefing

68% surveyed VCs to invest in multicultural-founded companies in 2021

Monday, January 04, 2021

Laxman Pai, Opalesque Asia:

Morgan Stanley's second annual survey of venture capitalists revealed that more than two-thirds of VCs we surveyed (68%) say that they are more likely to invest in multicultural-founded companies in the coming year.

The intensified dialogue around racial inequality has captured investor attention and shifted their attitudes significantly, said the report.

The increased focus on this issue is leading to investment strategies that include more actions to address disparities in funding for multicultural- and women-founded companies, which are well-documented for women and Black entrepreneurs.

61% of VCs say that the Black Lives Matter (BLM) movement has affected their investment strategy.

43% of VCs say that finding opportunities with multicultural-founded companies is a "top priority" for their firm, a 10-percentage-point increase from 2019.

75% of VCs strongly agree that "it is possible to have an investment strategy that intentionally invests in women and multicultural entrepreneurs, while still maximizing returns," up from 55% in 2019.

"The discourse around race and inequality is raising awareness of the funding gap that multicultural entrepreneurs face and the opportunity they represent, motivating VCs to close that gap. VCs better understand and value the opportunity that multicultural-founded companies present and have made it a priority to invest in multicultural entrepreneurs," pointed out the survey.

VCs are taking im......................

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