NVCA-Deloitte Human Capital Survey | 7 Charts & Takeaways
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 2
Despite progress, women remain underrepresented in investment positions & in leadership
Workforce demographics | Gender diversity
45%
45%
21%
15%
29%
26%
14%
11%
55%
55%
79%
85%
71%
74%
86%
89%
2018
2016
2018
2016
2018
2016
2018
2016
Allpositions
Investment
professionals
Senior-level
positions
acrossall
functions
Investment
partners*
Female Male
n=2,712
n=2,502
n=1,304
n=1,063
n=1,162
n=940
n=589
n=472
*defined as employees with the titles of managing general partner,
managing partner, general partner, founding partner, or managing
director, or were partners who were designated as senior-level
employees and as investment professionals
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 3
Black employees are underrepresented across all positions & in leadership
Workforce demographics | Racial diversity
4%
3%
3%
3%
17%
17%
18%
15%
76%
76%
77%
80%
All positions
Investment
professionals
Senior-level
positions
Investment
partners*
Black Asian/Pacific Islander White
Note: employees may be in more than 1 racial category
n=1,824
n=909
n=779
n=414
*defined as employees with the titles of managing general partner,
managing partner, general partner, founding partner, or managing
director, or were partners who were designated as senior-level
employees and as investment professionals
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 4
Hispanic employees are underrepresented across all positions & in leadership
Workforce demographics | Ethnic diversity
5%
5%
4%
3%
95%
95%
96%
97%
All positions
Investment
professionals
Senior-level
positions across all
functions
Investment
partners*
Hispanic Non-Hispanic
n=1,394
n=744
n=491
n=376
*defined as employees with the titles of managing general partner,
managing partner, general partner, founding partner, or managing
director, or were partners who were designated as senior-level
employees and as investment professionals
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 5
A higher percentage of firms have D&I strategies but many still do not
Human capital strategies (% of firms)
35%
32%
31%
24%
15%
17%
Human capital
strategy
Diversity strategy
Inclusion strategy
2018 2016
n=201 n=157
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 6
A higher percentage of firms have D&I programs but many still do not
Diversity & inclusion programs (% of firms)
30%
26%
23%
19%
15%
14%
10%
10%
8%
5%
5%
4%
Recruitment of
diverse employees
Hiring of diverse
employees
Leadership
development
Mentorship of diverse
employees
Promotion of diverse
empoyees
Retention of diverse
employees
Formal Programs
2018 2016
68%
68%
58%
54%
50%
52%
50%
54%
47%
42%
39%
37%
Recruitment of
diverse employees
Hiring of diverse
employees
Leadership
development
Mentorship of diverse
employees
Promotion of diverse
empoyees
Retention of diverse
employees
Informal Programs
2018 2016
n=201 n=156 n=201 n=153
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 7
HR policies are foundational to an inclusive culture
HR policies & processes (% of firms)
83%
80%
77%
44%
17%
Employee
handbook
Anti-harrassment
policy
Code of conduct
Internal contact
identified to report
alleged misconduct
External contact
identified to report
alleged misconduct
2018 NVCA-Deloitte Human Capital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 8
Firms rely on internal and external networks for recruitment
Talent recruitment (% of firms, n=202)
77%
60%
53%
48%
37%
35%
12%
Notifying peers in VC industry
Notifying firm internally
Recruiting/search firm
University/college career
center
Posting on third-party website
(e.g., LinkedIn, AngelList)
Posting on firm website
Other
Questions? Contact nvcahumancapitalsurvey@deloitte.com
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their
related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide
services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte”
name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Please see www.deloitte.com/about to learn more about our global network of member firms.
© 2019 Deloitte Development LLC. All rights reserved.
About NVCA
The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the
U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community
as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education,
peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.

NVCA-Deloitte Human Capital Survey, Second Edition

  • 1.
    NVCA-Deloitte Human CapitalSurvey | 7 Charts & Takeaways
  • 2.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 2 Despite progress, women remain underrepresented in investment positions & in leadership Workforce demographics | Gender diversity 45% 45% 21% 15% 29% 26% 14% 11% 55% 55% 79% 85% 71% 74% 86% 89% 2018 2016 2018 2016 2018 2016 2018 2016 Allpositions Investment professionals Senior-level positions acrossall functions Investment partners* Female Male n=2,712 n=2,502 n=1,304 n=1,063 n=1,162 n=940 n=589 n=472 *defined as employees with the titles of managing general partner, managing partner, general partner, founding partner, or managing director, or were partners who were designated as senior-level employees and as investment professionals
  • 3.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 3 Black employees are underrepresented across all positions & in leadership Workforce demographics | Racial diversity 4% 3% 3% 3% 17% 17% 18% 15% 76% 76% 77% 80% All positions Investment professionals Senior-level positions Investment partners* Black Asian/Pacific Islander White Note: employees may be in more than 1 racial category n=1,824 n=909 n=779 n=414 *defined as employees with the titles of managing general partner, managing partner, general partner, founding partner, or managing director, or were partners who were designated as senior-level employees and as investment professionals
  • 4.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 4 Hispanic employees are underrepresented across all positions & in leadership Workforce demographics | Ethnic diversity 5% 5% 4% 3% 95% 95% 96% 97% All positions Investment professionals Senior-level positions across all functions Investment partners* Hispanic Non-Hispanic n=1,394 n=744 n=491 n=376 *defined as employees with the titles of managing general partner, managing partner, general partner, founding partner, or managing director, or were partners who were designated as senior-level employees and as investment professionals
  • 5.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 5 A higher percentage of firms have D&I strategies but many still do not Human capital strategies (% of firms) 35% 32% 31% 24% 15% 17% Human capital strategy Diversity strategy Inclusion strategy 2018 2016 n=201 n=157
  • 6.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 6 A higher percentage of firms have D&I programs but many still do not Diversity & inclusion programs (% of firms) 30% 26% 23% 19% 15% 14% 10% 10% 8% 5% 5% 4% Recruitment of diverse employees Hiring of diverse employees Leadership development Mentorship of diverse employees Promotion of diverse empoyees Retention of diverse employees Formal Programs 2018 2016 68% 68% 58% 54% 50% 52% 50% 54% 47% 42% 39% 37% Recruitment of diverse employees Hiring of diverse employees Leadership development Mentorship of diverse employees Promotion of diverse empoyees Retention of diverse employees Informal Programs 2018 2016 n=201 n=156 n=201 n=153
  • 7.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 7 HR policies are foundational to an inclusive culture HR policies & processes (% of firms) 83% 80% 77% 44% 17% Employee handbook Anti-harrassment policy Code of conduct Internal contact identified to report alleged misconduct External contact identified to report alleged misconduct
  • 8.
    2018 NVCA-Deloitte HumanCapital SurveyCopyright © 2019 Deloitte Development LLC. All rights reserved. 8 Firms rely on internal and external networks for recruitment Talent recruitment (% of firms, n=202) 77% 60% 53% 48% 37% 35% 12% Notifying peers in VC industry Notifying firm internally Recruiting/search firm University/college career center Posting on third-party website (e.g., LinkedIn, AngelList) Posting on firm website Other
  • 9.
  • 10.
    About Deloitte Deloitte refersto one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. © 2019 Deloitte Development LLC. All rights reserved. About NVCA The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.