A survey from U.K. LGBTQ+ investor network Proud Ventures found that 75% of LGBTQ+ startup founders and 79% of investors conceal their identity.
A survey from Proud Ventures, a network of LGBTQ+ venture capitalists and angel investors, found that 75% of LGBTQ+ startup founders and 79% of investors conceal their sexual orientation or gender identity.The report encouraged tech investors to openly show their support for LGBTQ+ founders.
Proud Ventures, with the backing of Founders Factory and Investec Wealth, surveyed 118 founders and 61 investors based in the U.K. for the research. It is the first report of its kind in the U.K. startup community, according to Proud Ventures. "Whilst much progress has been made in the last decade on diversity in tech, the Proud Ventures report shows that LGBTQ+ founders and operators are a minority group which has been overlooked," Asher Ismail, co-founder of revenue-based financing startup Uncapped, told CNBC via email.
Diversity has historically been an issue in the tech community. The nature of venture capital, in particular, is such that it often benefits those with existing relationships and contacts, potentially putting founders from underrepresented groups at a disadvantage.
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