That’s the day when society no longer categorizes its citizens based on color, nationality, class, creed, gender, and every other way we marginalize each other.
Until then, we’re not going to stop.
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The Diversity Term Sheet Rider for Representation at the Cap Table is a call to action focused on increasing opportunities and access to wealth in venture capital and startups for underrepresented communities such as Black, LatinX, female, LGBTQ+, disabled, and others.
Firms adopting the rider language pledge to bring people from these communities into deals as co-investors, thereby instantly increasing diversity at the core of the deal-making process. Use the below links to sign up as a firm, an individual, or both.
Changing the cap table starts with adopting the Diversity Rider and embedding it into every term sheet. Use this form to tell us you're committed.
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Use this form to tell us you are an underrepresented, emerging check writer who is open to being in our database for various levels for co-investment opportunities.
Sign UpIn August 2020, Act One Ventures launched the Diversity Term Sheet Rider for Representation at the Cap Table, or simply the Diversity Rider. We were joined by 9 other venture capital firms who committed to using the rider in every deal and 5 industry partners who pledged to amplify the rider among clients and networks.
Today, more than 85 venture firms have publicly signed up to use the Diversity Rider and many more are doing so privately. The combined Assets Under Management (AUM) of these firms exceeds $14 billion, and the rider has been inserted into 100s of deals.
Venture capital remains most lucrative for white men who live on either coast of the U.S.
In its most basic form, venture capital’s function is totally unbiased: provide capital to businesses that have the potential to return capital quickly and at a high rate. However, that’s not how it works in real life.
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