The pandemic and the renewed public reckoning on racial justice have spurred corporate pledges. However, we need to measure the actions taken by the venture community because statements are only as powerful as the concrete action taken both internally and externally. Collecting follow up action will enable us to analyze action beyond what would otherwise be an exercise in public relations.
Lead Author: Rangita de Silva de Alwis. Authors: Dr. Leslie Jeng and Dr. Gitanjali Swamy. All three are affiliated with the Private Capital Research Institute at Harvard Business School. Rangita de Silva de Alwis is also faculty at Penn Law, Hillary Rodham Clinton Gender Equity Fellow at Georgetown GIWPS, and Leader in Practice at WAPPP at HKS (2019-2021).
The authors acknowledge Josh Lerner, the Jacob H. Schiff Professor of Investment Banking of Harvard Business School and the Co-Director of the Productivity, Innovation and Entrepreneurship Program at the National Bureau of Economic Research for his support and pioneering research on diversity in asset management.