Starting with Us

  1. Measurement and Accountability: we will track diversity metrics for each startup that enters our funnel and review our diversity metrics on a monthly basis track our progress across all stages from initial screening to Partner pitch to term sheet. This will help us identify where our deficiencies are and enable us to make changes to our process to ensure a more inclusive portfolio.
  2. Intentional Expansion of our Network: we will set aside time each week to connect with funds, accelerators and entrepreneurs focused on and comprised of overlooked persons in the markets from which we source. Our goal is to create mutually beneficial relationships with these networks to collectively move the needle on inclusion within the venture community.
  3. Reduction of Bias in our Deal Review Process: we will continually refine our deal review process to reduce the bias embedded within its scoring algorithm. Areas of focus will be re-calibrating the scoring for referred deals, rethinking how we evaluate teams (less weight to where they went to school, where they have worked, and/or past entrepreneurial endeavors and greater emphasis on competencies such as integrity, ability to overcome adversity and market knowledge), and weighting team composition in a manner reflective of the data that supports diversity as a driver of economic outcomes. As we track our metrics through the funnel, we continually evaluate the way we score deals to determine where hidden biases may be reducing quality throughput.

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IDEA Fund

IDEA Fund

IDEA Fund Partners is one of the oldest and most active early stage VCs headquartered in the Southeast United States.