Unfortunately, venture capital firms have made very little progress on diversity in the past decade. While there are many reasons investors, venture capital firms and startups might wish not to widely disseminate specific investment information, it makes demonstrating diversity issues more difficult. Harvard Business Review found that IPOs for companies with diverse investment teams outperformed their less diverse peers by up to 32 percent. There are firms affirmatively focused on diversityThe number of female- and minority-led investment firms has increased in the past decade, although the pace still is insufficient. One firm actively seeking participation from diverse limited partners is Acrew Capital, founded in 2019 by well-respected venture capital veteran Theresia Gouw.