How Insight Partners Is Championing Diversity in the VC & Private Equity Space
There are a lot of things to consider as you determine what you want out of a job. In addition to role, salary, and location, one thing that might take high priority on your list is inclusivity and belonging. In other words, being welcomed, wanted, and represented at the company you’re working for.
Depending on who you are and what background you come from, your sense of belonging will be determined by a number of different factors. At Insight Partners, a New York-based global private equity and venture capital firm, they’ve made it a priority to find out what these factors are and how to properly embed them within their company.
Recently, we spoke with Insight’s Dhanya Madhusudan, Director of DE&I Community at the firm, and Isabelle Rodriguez, Senior Manager of Campus Recruiting, to learn more about these diversity and inclusivity initiatives at the 28-year-old investment firm.
In our conversation, we discovered that Insight’s employee resource groups, recruiting efforts, CEO ScaleUp Pledge, and Vision Capital fund are just a few of the ways they promote diversity and inclusion within their firm and the software startups they invest in.
Employee Resource Groups
At Insight Partners, employee resource groups (ERGs) are an integral part of company culture and employee benefits. Currently, Insight Partners has Black@Insight and OUTsight ERGs which focus on the empowerment, continued education, and advancement of Black and LGBTQIA+ individuals, respectively.
As a member of these ERGs, or non-members who are interested in learning more, you can attend monthly meetings, educational series, and panels to discover what it takes to grow and thrive as a young professional. Additionally, a mentorship program is rolled out in which employees can learn from those who have been embedded in the industry and company for a while.
One of the most direct ways to expand representation at a company is through recruiting efforts. Insight’s campus recruiting efforts, led by Isabelle Rodriguez, intend to not only recruit individuals from diverse backgrounds but retain them as well. One of the ways they do this is through immersive learning experiences, including the Inclusion by Insight Diversity Summit.
This diversity summit is a two-day event in which top-tier candidates from minority backgrounds are invited to learn and grow their skills. The goal of the summit is to learn about Insight Partners and venture capital and private equity spaces, but also to grow professional skills in a number of ways. An example of this is when they partnered with Great on The Job, a company that leads workshops on perfecting your pitch, owning your brand, mock interviews, and more.
But what’s most commendable about Insight’s recruiting efforts is the end goal they are striving for.
CEO ScaleUp Pledge
Among Insight’s various DEI initiatives is the firm’s bold CEO ScaleUp Pledge, which Insight’s portfolio company CEOs sign to commit to prioritize DE&I at the executive level and drive tangible change in their workforce. Working alongside the CEOs and their companies, Insight helps them building an inclusive workforce that is representative of various genders, races, ethnicities, nationalities, sexual orientations, ages, socio-economic statuses, religions, physical abilities, and more.
Those companies that do sign the pledge aren’t only given the resources needed to make these strides, but they are also held accountable by the firm through progress reports. By both implementing and measuring progress on DEI initiatives, Insight Partners intends on making a difference across the many industries and sectors that the firm invests in.
Vision Capital Fund
Insight’s Vision Capital 2020 Fund is putting their money where their mouth is, so to speak. Insight believes that underrepresented fund managers have access to differentiated perspectives, networks, and deal flow capable of driving strong fund performance. The Vision Capital Funds are governed by Insight’s senior leadership and leverage Insight’s network, experience, and operational expertise to support fund managers’ investment and operating efforts.
For Insight Partners, it isn’t enough to make strides just inside their own workforce and portfolio. While the firm’s ERGs, diversity recruiting efforts and ScaleUp Pledge cultivate internal change, the Vision Capital 2020 Fund looks to make change outside of the company.
To learn more about Insight Partners, the work they do, and the sectors they’re impacting, check out their WayUp company profile. There you’ll find information on everything from job opportunities to more groundbreaking efforts that are changing the private equity and venture capital space as we know it. More