TLDR:
Key Points:
- Rachel Yang, a partner at Giant Leap, emphasizes the importance of diverse investment teams in challenging biases and making more informed decisions.
- Giant Leap is the first 100 per cent impact VC firm in Australia, investing in companies with both financial and social impact lenses.
Rachel Yang, a partner at Giant Leap, discusses the significance of having diverse investment teams in minimizing biases and making better decisions when it comes to venture capital investments. Rachel, who brings a different perspective as a woman with Taiwanese background, highlights the need for intentional and fair processes in the investment world. Giant Leap, being an impact VC firm, has invested in over 30 companies, including eco-friendly brands promoting sustainability. Rachel advocates for strategies that promote inclusivity, like using platforms to remove unconscious bias in hiring processes. She also stresses the importance of setting targets and being transparent to create a more balanced investment team.
Rachel addresses the challenges faced by women-led startups in accessing funding and discusses the unconscious bias prevalent in the venture capital industry. She calls for greater diversity and intersectionality in investments, moving beyond the gender conversation to consider perspectives from migrant entrepreneurs and culturally diverse backgrounds. Rachel also highlights the need for regulatory requirements to drive transparency and change in the industry, emphasizing the value of varied perspectives and voices around the table in making informed decisions.
