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VC Leads Fight Against Investor Bias

vc leads fight against investor bias business manchester

A London-based venture capital firm has initiated a groundbreaking effort to eliminate investor bias. This novel approach aims to improve diversity and remove unconscious bias from the investment process.

By anonymising pitch decks in a trial period, the firm hopes to judge ideas purely on merit. The initiative comes in response to a significant gender imbalance in the investment landscape, with only a small fraction of pitch decks submitted by female founders.

Addressing Gender Imbalance

The venture capital firm revealed that only four per cent of over 4,000 pitch decks submitted in the past four years were from companies with female founders. Furthermore, only 13 per cent included a female as part of the founding team.

Recognising this disparity, the firm aims to tackle this issue head-on. Founder Mark Pearson highlighted the need for change, noting that investment equality between male and female founders would not be reached until at least 2040.

Anonymising Pitch Decks

To combat unconscious bias, the firm will anonymise pitch decks during a three-month trial period. By doing so, they intend to ensure that proposals are assessed purely on their merit.

In this process, identifying personal information will be stripped from the pitch decks before they are reviewed. Previous founder success, often a critical factor for investors, will still be highlighted by sector and financial information.

Judging on Merit Alone

The firm believes that by judging the initial deck without any identifying personal information, proposals will be evaluated without bias.

This method aims to level the playing field for all founders, allowing ideas to shine based on traction and scalability alone. By removing personal information, any fears founders may have about discrimination will be quashed.

Pearson stated, “By removing unconscious bias, we hope that our firm will buck the trend and encourage not only female founders but also level the playing field for founders from all backgrounds.”

Trial Period and Expectations

The trial period will last three months, during which the effectiveness of the anonymisation process will be closely monitored. The firm will evaluate whether this approach leads to a more diverse range of investments.

During the trial, interested founders can submit their anonymised pitch decks to participate. The firm is currently investing at a rate of one company per month, setting aside up to £2m per portfolio company.

Long-term Goals

The ultimate goal of this initiative is to foster a more inclusive and diverse investment landscape. By eliminating unconscious bias, the firm hopes to set a precedent for others in the industry.

If successful, this approach could revolutionise how investments are evaluated, leading to greater opportunities for underrepresented groups.

Fuel Ventures, known for providing seed funding to early-stage technology companies, aims to build a global, market-leading company by supporting diverse founders with the passion and ability to execute.

Industry Implications

This initiative could have significant implications for the venture capital industry as a whole. By demonstrating the effectiveness of anonymised pitch decks, other firms may adopt similar practices.

The broader adoption of such strategies could lead to a more equitable and diverse entrepreneurial ecosystem, benefiting both investors and founders.

In the long run, the success of diverse founders would not only enrich the venture capital industry but also drive innovation and growth in various sectors.

A Step Towards Equality

By taking this bold step, the firm is setting an example for others in the industry to follow. Their commitment to eliminating bias is a significant move towards achieving investment equality.

This initiative represents a proactive effort to address systemic issues within the venture capital sector and foster a more inclusive environment for all founders.


The venture capital firm’s initiative to combat investor bias is a significant step towards creating a more inclusive investment landscape.

By judging pitch decks purely on merit, the firm hopes to level the playing field, providing equal opportunities for all founders regardless of their background.

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