“Insights from the First Venture Vanguard Class: Key Takeaways from the National Venture Capital Association (NVCA)”

The National Venture Capital Association (NVCA) recently released a report on the first Venture Vanguard class, which is a program designed to increase diversity and inclusion in the venture capital industry. The program was launched in 2020 and included 44 participants from 34 venture capital firms.

The report highlights several key takeaways from the program, including the importance of mentorship, the need for more diverse networks, and the value of intentional efforts to create a more inclusive industry.

One of the main themes of the report is the importance of mentorship. Participants in the program were paired with mentors who provided guidance and support throughout the program. Many of the participants noted that their mentors helped them navigate challenges and provided valuable insights into the industry.

Another key takeaway from the program is the need for more diverse networks. Many of the participants noted that they had limited access to networks that could help them advance in the industry. The program provided an opportunity for participants to connect with other venture capitalists from diverse backgrounds and build relationships that could help them in their careers.

The report also highlights the value of intentional efforts to create a more inclusive industry. The Venture Vanguard program was designed specifically to address the lack of diversity in the venture capital industry. By providing training, mentorship, and networking opportunities, the program aimed to help participants overcome barriers to entry and advance in their careers.

Overall, the insights from the first Venture Vanguard class provide valuable lessons for the venture capital industry as a whole. The program demonstrated that intentional efforts to increase diversity and inclusion can have a significant impact on the industry. By providing mentorship, networking opportunities, and training, the program helped participants overcome barriers to entry and advance in their careers. As the industry continues to grapple with issues of diversity and inclusion, programs like Venture Vanguard can serve as a model for creating a more equitable and inclusive industry.

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• Source: Plato Data Intelligence.