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Harvard University's campus. Photo: Brooks Kraft/Corbis via Getty Images

It is no secret that venture capital is homogeneous when it comes to gender and race. But now there's new data on the industry's lack of diversity, including a previously-unstudied metric: educational background.

The big picture: It comes via Richard Kerby, one of Silicon Valley's few black VCs, who first analyzed venture's racial breakdown in 2016. Kerby also found that, among his sample of around 1,500 VCs, a whopping 40% went to either Harvard or Stanford.

By the numbers:

  • He finds that the percentage of white VCs has fallen from 74% to 70%.
  • Asian representation climbed from 23% to 26%.
  • Black representation up slightly from 2% to 3% (black females created the difference, as they were at 0% last time around).
  • Hispanics remain stuck at just 1%.
  • Women still only make up 18% of VC professionals, up from 11%.

As for why it matters, I'm going to let Kerby take it from here:

"The bar to create a more diverse industry is difficult when one looks for folks that most resemble themselves; and while talent is evenly distributed, unfortunately, opportunity is not. When you couple the lack of gender and racial diversity with the lack of educational institution diversity, you not only end up with teams that look similar, but you also end up with teams that think in a similar fashion. Not only is our industry lacking in gender and racial balance, but we also suffer from a lack of cognitive diversity. This insularity of the venture ecosystem has ripple effects throughout the tech industry.... If we want to have more successes in the venture and broader tech ecosystems, diversity in all fashions (racial, gender, cognitive) needs to be a part of what drives us forward."

Go deeper:

Go deeper

At least 3 dead after Amtrak train derails in Montana

Photo: Jacob Cordeiro/Twitter

An Amtrak train derailed near Joplin, Montana, resulting in at least three deaths and multiple injuries on Saturday, per a Liberty County Sheriff's Office statement to media outlets.

The big picture: Some 147 passengers and 13 crew were aboard the Empire Builder train, which runs from Seattle to Chicago, when five cars derailed about 4p.m., Amtrak spokesperson Kimberly Woods said in an emailed statement. The National Transportation Safety Board said it's investigating the derailment.

New York prepares for staff shortages from health vaccine mandate

New York Gov. Kathy Hochul during a news conference Tuesday in New York City.. Photo: Mark Kauzlarich/Bloomberg via Getty Images

Gov. Kathy Hochul (D) announced Saturday she would declare a state of emergency if there were health worker shortages due to New York's upcoming COVID-19 vaccine mandate.

Why it matters: Hochul moved to reassure concerns of staffing shortages in the health care sector in a statement that also outlined plans to call in medically trained National Guard members, workers from outside New York and retirees if necessary when the mandate takes effect Monday.

California to remove word "alien" from state laws

Gov. Gavin Newsom during a September news conference in Oakland, California. Photo: Jane Tyska/Digital First Media/East Bay Times via Getty Images

California is removing the word "alien" from its state laws and replacing it with words such as "noncitizen" and "immigrant," Gov. Gavin Newsom (D) announced.

Why it matters: The word "alien" began to be used in the 1990s "as a political dog whistle to express bigotry and hatred without using traditionally racist language," per a statement from Newsom's office.