Tel Aviv brokers.
(photo credit: REUTERS)
The US National Venture Capital Association, in cooperation with Dow Jones
VentureSource, has published a comprehensive report about venture capitalists,
focusing on origin and gender. The study analyzed 600 venture capitalists
both as investors and in administration.
The results are not at all
surprising. As in many other fields in the US that involve money, only white men
sit at the top. And indeed, the report found that 89 percent of employees who
deal with investments in venture-capital funds are men, and only 11% are
The report also analyzed support-level positions. One step down
from the top there is a little bit more ethnic and gender diversity: 79% of
finance, marketing and public-relations managers are men, 87% of whom are white
and under 30.
US venture-capital firms might not let women touch the big
money, but they are happy to decorate their offices with them. Sixty-two
percent of the administrative staff of VC firms are women. Women investors
appear more prominently in life sciences (15%), clean-tech (18%) and IT
Another statistic that appears in the report shows that 95% of
people who work in the industry are US citizens, 2% are Canadian, 1% are Asian
and 1% are European. Venture capitalists confirm that they work 60 hours a week,
and 44% of them are married.
The report shows that 85% of venture
capitalists in the US are members of LinkedIn, 62% also have a Facebook account
and 33% have Twitter accounts.
Similar research has not been conducted in
Israel, but even a quick glance at the Israeli VC industry is enough to see that
the overwhelming majority of managers are white Ashkenazi males between 45 and
60. Erel Margalit, Ze’ev Holzman, Yossi Sela, Avi Zeevi and Erez Shahar are just
a few of the names on this very long list.
Women are not very
well-represented; Ruti Alon and Rona Segev-Gal of Pitango and Hadar Ron of IHVC
are the sole female representatives in the Israeli VC industry.
groups are also not represented; not even one Arab is employed in Israeli VC
Shlomo Kalish is an exception. He is the only haredi Israeli
venture capitalist, although he has slowed down in the last few
years. Kalish is also a member of a large group of former pilots who
manage funds, including Chemi Peres and Aaron Mankovski.