While we don’t have a mandate to invest in diverse founders, our team is one of the most diverse teams in the venture industry. We actively volunteer and lead various organizations to build a more diverse ecosystem (see our team bios), and thus we invest in more diverse founders than the average VC firm. Specifically, of the 132 total startups we have invested in across our funds, 34% were founded by a Woman and/or BIPOC founder (for LPs that count Asian males as minority-owned investments, that’s a combined 45%). Additionally, in our most recent fund (FIII) where we backed 46 companies and led 57% of those investments, 45% were founded by a Woman and/or BIPOC founder (52% when including Asian male founders). This impact is even greater because we focus on investing in the Midwest which still receives far less capital than its coastal peers.