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Venture capital remains white boys club

November 21, 2011: 11:17 AM ET

The venture capital industry remains dominated by white men, according to a new demographics survey released today by the National Venture Capital Association and Dow Jones.

Only 21% of the 590 survey respondents were woman, and just 11% identified themselves as "investors." This is down from 14% from a similar survey in 2008. The rest were administrators, including chief financial officers (where women outnumber men 53%-47%).

A whopping 87% of respondents identified themselves as Caucasian, which is down just slightly from 88% in the 2008 survey. Asians comprised 11%, while African-Americans (2%) and Latinos (1%) brought up the rear. Worth noting that this was a U.S.-dominated survey, with 95% of respondents based in America (11% of whom are immigrants).

The most common alma matters were Harvard and Stanford with 10% each, followed by U Penn (8%), UC-Berkeley (5%) and MIT (4%). Eighty-five percent of respondents use LinkedIn, while 62% use Facebook and just 30% use Twitter. In terms of media production/consumption, only 33% say they read blogs (a stunningly low number) while 11% write them. The survey did not ask for the percentage of respondents who regularly wear khaki pants with blue button-down shirts.

View more results below:

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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