Is An Ethnically Diverse Founding Team Key To Startup Success?
The Horizons Tracker
JANUARY 30, 2023
This represents a growth in global GDP of 6%, which to put that into context is slightly higher than the recent economic forecast from the World Bank of the hit to global GDP from COVID-19. In the first round, ethnically diverse teams raised 30% more VC funds on average than teams with only white founders in low-diversity sectors.
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