All Raise was initially born our of a grassroots movement in 2017 to arm women with access guidance and support to advance their professional growth. Today the organization is on a mission to accelerate the success of female founders and funders to build a more prosperous, equitable future.
Yesterday All Raise published its latest Annual Report and truly 2020 wasn’t a great year for women and non-binary individuals in tech and venture.
In 2020, the conversation changed — for good.
When All Raise was founded three years ago, diversity was a taboo subject in venture and tech. Change was overdue because we couldn’t have an honest conversation about what was wrong. This year, in the wake of the global pandemic and the movement for racial justice, the tone shifted radically. Inequality and equity are now, irrevocably, at the forefront of the conversation. It’s our responsibility to turn talk into action. Despite industry-wide promises, 2020 was a
setback year for women and non-binary individuals.
Headwinds stalled years of progress. We were asked to do more, and emerged with less. Despite yet another groundbreaking year for venture capital dollars deployed, funding for women and mixed-gender teams fell. Data from ProjectDiane shows that Black and Latinx female founders combined still receive a tiny fraction (0.64%) of the hundreds of billions of VC dollars. This isn’t just a step back for some; it’s a loss for the entire industry. The data sends a clear signal that bias remains deeply ingrained in tech.Pam Kostka, All Raise CEO