Diversity breeds diversity. We welcome entrepreneurs from any background, gender and ethnicity. We work hand and hand with them to accelerate their path to revenue and scale. We support them with resources no other firm offers. The key is to be clear about the kind of culture you want to build. We are focused on making this happen. This got us to wonder:
How do businesses approach diversity and inclusion?In the 60s, diversity and inclusion in business was thought of as a compliance-based model around affirmative action and equal opportunity employment. It then evolved to a so-called deficit model, arguing that organizations with a low level of diversity don't perform as well as their diverse peers. Today, organizations seem to approach diversity one of three ways:
- Liberals, who let the market decide,
- Radicals, who enforce quotas, and
- Transformers, who implement unconscious bias trainings.
What does that mean for Mighty Capital?Since its inception, Mighty Capital has been committed to diversity & inclusion. It's an essential part of our culture that we summarize with Mark Twain's famous quote: "Actions Speak Louder Than Words." We lean on the liberal side and focus on making our industry more diverse and inclusive every day by using three key levers:
- Parity: half the decision makers (GPs) in our fund are female,
- Apprenticeship: a disproportionate number of investors (LPs) are female and joined because of our apprenticeship-based model, and
- Community: our unfair advantage is access to one of the largest networks of early adopters in the world, which skews 40% female.