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Data collected by PitchBook found only 13 percent of all venture capital deals in the United States went to women in 2013, a significant increase from the firm’s 2004 data that put the figure at 4 percent. But that still means 87 percent of deals are being given to all-male teams.
I could quote this whole article but instead I’ll just urge you to read it. While Newsweek is not the first publication to look at how tech investments heavily favor young, white men—See Model View Culture’s excellent Funding issue—this piece is still a thorough look at the problems facing VC.