Perspective as an edge: why diversity is decision quality

The case for diversity at a venture fund is usually made on grounds of fairness. That case is real, but it is not the one that changes how capital gets allocated. The argument that moves an investment committee is simpler and colder: diverse teams and networks see opportunities and risks that homogeneous ones do not, and in a business built on information asymmetry, that is an edge.

Our entire model rests on a single claim, that better information produces better decisions. Perspective is a source of information. A team drawn from different backgrounds, industries, and lived experiences will surface markets that look like noise to everyone else, will spot a flawed assumption faster, and will reach founders that a narrower network never encounters. Treating diversity as decision quality is not a softening of our standards. It is an expression of them.

From principle to measurement

Convictions that are not measured tend to erode. So we hold ourselves to explicit, tracked commitments rather than sentiment. We target a portfolio in which a meaningful share of companies is led by diverse CEOs, and a substantial majority has diversity on the management team. We track these outcomes using ILPA Diversity Metrics and report them to our limited partners in aggregate each year.

The commitments, stated plainly

Targets only mean something when they are specific. Ours are measured, tracked, and reported:

Beyond the numbers, we support founders in building diverse teams, because the commitment is only real if it extends past our own selection into the companies we back. Measurement keeps us honest; support makes the target achievable.