Venture Capital Human Capital (VCHC) report
Aug 7 2010
A long time Adviser/Mentor of mine, who also happens to be a very successful investor, sent me a link to the Venture Capital Human Capital (VCHC) report. The findings were interesting but not too surprising (except for possibly the average age of the founding team, given I founded my first company at the “didn’t know any better” age of 26) from my vantage point. I have embedded the report below so you should be able to scroll through the pages.
They say: “In part 1 of our first-ever Venture Capital Human Capital Report, we look at the race of founders, the racial composition of founding teams, age of founding teams and the # of founders of VC backed companies to see if there is any relationship between these characteristics and the VC funding received.” Some of their findings:
- 87% of Founders are White; All-Asian Teams Raise the Most Funding
- Nationally, South Asian and East/Southeast Asians are funded to a similar extent
- 83% of Teams are all White. All Asian teams raise more money.
- Average founding team is age 35 to 44 years old.
- 39% of founders were CEO/Founders before. Sales/Marketing and Product Management/Development were common previous roles.
- Majority of companies have two or more founders, but a third are led by one founder.
Venture Capital Human Capital Report (Part 1) –
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OK, what this tells me is:
Asians can raise more money than whites/ non-Asians.
Whites are a better investment than Asians because the use less money to start up a company?
Teams have more success than individuals
Older is better than younger for getting VC money
It is good to have a sale/marketing background
It is good to have at least one start up venture behind you
Just my observations for what it is worth
@jeteye – yep, all pretty valid conclusions!