Assertion Supported AI assessment confidence: 98% certainty 4/5 debate potential 3/5

Glenn: Only 2% of VC decision makers are Latino or Black

Erin Glenn · 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire · Dec 4, 2015 · at 9:01

Erin Glenn, CEO of equity crowdfunding platform Quire, highlights diversity statistics among venture capital decision makers.

0:00 / 0:06exact quote · 6.6s

720p mp4 · rendered on demand · StarZero watermark

“You know, only two points of decision makers at VC firms are Latino or African American.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Only 2% of decision makers at venture capital firms are Latino or African American.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim accurately reflects industry data available at the time it was made in December 2015. A major study published by The Information and Social Capital on October 8, 2015, surveyed 552 senior investment professionals with board or decision-making authority across 71 venture capital firms and found that 4 were Black (0.72%) and 7 were Hispanic/Latino (1.27%), totaling 1.99% (approximately 2%). Subsequent baseline studies covering the 2015 period, such as the initial NVCA-Deloitte Human Capital Survey, also corroborated that combined Black and Latino representation among VC decision makers/investment partners was 2%.

The Information & Social Capital study published on October 8, 2015, found that Black (0.72%) and Hispanic/Latino (1.27%) professionals combined accounted for 1.99% (11 out of 552) of decision-making investment partners at 71 top VC firms.
The NVCA-Deloitte Human Capital Survey covering the 2015 baseline period similarly reported that 0% of investment partners were Black and 2% were Hispanic or Latino, resulting in a 2% combined total.

Checked against

[1] podcastrepublic.net [2] theinformation.com [3] projectinclude.org [4] moguldom.com [5] nvca.org [6] prnewswire.com [7] equitablegrowth.org [8] rbccm.com

assessed as of 2026-07-23

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

decision makers at VC firms Latino or African American

⚑ Spot an error? Report it

More from Erin Glenn

Prediction Not checkable as stated

Glenn: Equity crowdfunding will complement venture capital, not displace it

“I think it's going to be a sympathetic relationship. You know, there are instances when companies need 50, a 102 hundred, fifty million dollars to grow in scale, and the crowd is never going to provide that capital, and I think VCs provide important seats at t…”

Erin Glenn Dec 4, 2015 ▶ 12:32 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Assertion Contradicted

Glenn: Women represented 22% of Quire and Mattermark survey respondents

“And even with that high percentage, women still only made up 22% of our respondents.”

Erin Glenn Dec 4, 2015 ▶ 8:48 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Opinion

Glenn: Title III equity crowdfunding is transformative for US small businesses

“Like, we think Title III is transformative not just for tech startups, but also for the broader small and medium-sized businesses, you know, across the United States.”

Erin Glenn Dec 4, 2015 ▶ 10:49 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Assertion Supported

Glenn: Bain study shows customer-owners spend more and have higher loyalty

“There was a study done a while back by Bain that shows customers who are owners of the business spend more, they refer more, they talk about the business more, and they're more loyal.”

Erin Glenn Dec 4, 2015 ▶ 15:58 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Assertion Not publicly verifiable

Glenn: New York has significantly more female founders than San Francisco

“And then there's, there are many more female founders in New York.”

Erin Glenn Dec 4, 2015 ▶ 21:35 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Assertion Contradicted

Glenn: Only 3% of US households qualify as accredited investors

“Despite the accreditation limits and the fact that only three percent of American households can invest, it is an approachable amount that makes it easy to support founders and then will support larger investments.”

Erin Glenn Dec 4, 2015 ▶ 5:01 20 VC FF 025: Crowdfunding Gimlet Media and Why The Nature Of Startup Equity Is Changing with Erin Glenn, CEO @ Betaworks' backed, Quire

Glenn: Only 2% of VC decision makers are Latino or Black

More from Erin Glenn

Turn any episode into a week of clips.