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Y Combinator Releases Data On Black, Latinx And Woman Founders

Illustration of Black and Brown Women. [Dom Guzman]

today released three new lists on -, – and w-founded portfolio companies as a part of its designed to allow investors to seek out and invest in these companies.听

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鈥淭oday, we鈥檙e launching three new directory sections. In the aftermath of the recent Black Lives Matter protests, we鈥檝e had many discussions within our community about how we can better support historically underrepresented founders,鈥 , president at Y Combinator, wrote in a .听

Founders of Y Combinator companies are self-reporting this data. Over time, more companies will be added, but as of Sept. 21, 2020, the overall stats are as follows:聽

  • YC鈥檚 Black-founded companies have a combined valuation of $2.08 billion and raised $483 million (101 companies, 64 U.S. based).
  • YC鈥檚 Latinx-founded companies have a combined valuation of $13.5 billion and raised $3.9 billion (153 companies, 67 U.S. based)
  • YC companies founded by women have a combined valuation of $8.03 billion and raised $2.2 billion (256 companies, 202 U.S. based)

These findings reflect Y Combinator鈥檚 investments across the globe.听Companies in the in Y Combinators directory include , , , and that are Latinx founded. , , 听补苍诲 are founded by women. , and have Black founders.听

 

附近上门 adds Diversity Spotlight tags

附近上门 recently launched tagging for companies with underrepresented founders. The goal is to provide a single solution for the tech industry to source and fund companies with . This data in 附近上门 is for U.S. headquartered companies to start.听

Y Combinator summer 2020 batch

Y Combinator launched its first program in 2005 with 10 companies. It has since hosted 31 batches over the past 16 years, with its most recent hosting 198 companies virtually.听

The founder demographics for the most recent summer batch, according to YC, are as follows:

  • Women founders: 16 percent of the companies have a woman as a founder; 9 percent of the founders are women.
  • Black founders: 6 percent of the companies have a Black founder; 4 percent of the founders are Black.
  • Latinx founders: 10 percent of the companies have a Latinx founder; 10 percent of the founders are Latinx.

Will other investors follow suit on disclosing these numbers? You can see Diversity Spotlight tags added to U.S.-headquartered Y Combinator companies .

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