Jennifer Fan Contributor
Jennifer Fan is an assistant professor of law and director of the Entrepreneurial Law Clinic at the University of Washington School of Law.
Startups have a seemingly intractable problem: a lack of diversity. Despite research showing that diverse founding teams have a higher rate of return than white founding teams, one characteristic of startups remains relatively unchanged: the dearth of BIPOC and women founders, investors, board members, and counsel in the venture capital (VC) ecosystem.
Why should we care? Venture capital has provided early funding for the most innovative and profitable companies of our time — Apple,