impact through leadership diversity: impact investment forum 2016

Bonnie Foley-Wong @BonnieOWong piqueventures.com

Impact through Leadership Diversity

http://piqueventures.com


1. Women are under-represented in investment leadership.

2. Business case for leadership diversity is clear. 3. Different perspectives of success is important. 4. Impact case for leadership diversity is clear. 5. Examples and ways to enable leadership diversity.



< 3% of venture-backed companies are led by a woman. !

7% of partners at top 100 VC firms are women (in decline since 1999).

!

< 25% of angel investors are women. !

35% of leaders of ImpactAssets50 companies are women.



THE BUSINESS CASE FOR DIVERSITY IS CLEAR



First Round Capital’s companies with a female founder

performed 63% better than their investments with all-male founding teams.

!

Women-founded ventures have lower failure rates, 12% higher revenues using less capital, venture-level returns.

!

VCs with female partners are twice as likely to invest in women founders and CEOs.





Women-run hedge funds outperformed the hedge universe at large by a margin of

6 percentage points over 6.5 years. !

Women-led alternative investment funds outperform, offer diversification, and

can reduce market volatility.





SOCIAL ENTERPRISE GOIZUETA AT EMORY UNIVERSITY

Ventures with at least one woman founder tend to report

(slightly) higher revenue and employment levels.



The most problematic outcomes are found among ventures with all-women founding teams. • less revenue • raised less equity and debt financing • lower levels of employment generation



The most problematic outcomes are found among ventures with all-women founding teams. • more revenue with • raised less equity and debt financing? • more flexible forms of employment?



• Better quality and range of ideas • Greater range of problems that get solved • Access to essential resources • Greater range of businesses that get started and

are supported to grow • Take care of the village

THE IMPACT CASE FOR DIVERSITY IS CLEAR





HOW?



ANGEL INVESTORS & WOMEN-LED VCS

ANALYZES TEXT FOR EFFECTIVENESS &

GENDER BIAS



• 19 out of 24 investors are women,

representing > 80% of the capital !

• 55% accredited investors, 45% non-accredited !

• 100% female Board (founder + lead investor) !

• Four portfolio companies -

100% led by women CEOs





WAYS TO ENABLE LEADERSHIP DIVERSITY



!

1. SELF-REFLECT ON AND ACKNOWLEDGE YOUR OWN

BIASES !

2. EXPAND YOUR PERSPECTIVE OF WHAT CONSTITUTES SUCCESS

!

3. BE CURIOUS ABOUT WHAT A DIVERSE LEADERSHIP TEAM

COULD BE OR ACHIEVE !

+ 15 more suggestionsBonnie Foley-Wong @BonnieOWong piqueventures.com




RESOURCES & REFERENCES http://piqueventures.com/impact-investment-forum/ !

PIQUE FUND piqueventures.com/fund !

INTEGRATED INVESTING integratedinvesting.ca !

Contact: BONNIE FOLEY-WONG Founder, Pique Ventures & Pique Fund @BonnieOWong @Pique_V


http://piqueventures.com/impact-investment-forum/

http://piqueventures.com/fund

http://integratedinvesting.ca

impact through leadership diversity: impact investment forum 2016

Leadership & Management