IDC European Woman in Venture Capital

EUROPEAN WOMEN IN VC IDC #EUR148997722 © IDC 2022 50 DEFINITIONS General Partner: Responsible for the management of the Venture Fund. Has a shareholding in the management company and carried interest. The title is sometimes interchangeable with Managing Partner or Founding Partner. Diversity & Inclusion Strategy: “A term used by organisations and training programs that attempt to ensure all people, regardless of race, gender, or other demographic attribute, are able to succeed in an organisation. (wiki)” In more detailed terms also called a DEI strategy, where the E represents Equity, which is the concept of providing equal opportunities. Assets under Management (or AuM): Also termed Funds under Management, assets under management is the total market value of all the financial assets which a financial institution — such as a venture capital firm — controls, typically on behalf of a client. Carried interest: The percentage of profits that will go to the fund manager. It’s how a GP is paid as incentive compensation to the VC fund’s general partnership, when LPs see a return on their investment. Firepower: Firepower means that the more female GPs holding positions at larger VCs, the higher the amount of available investment funds for female GPs.