We encourage all venture firms and Diverse Check Writers to join the Diversity Rider movement.
By pledging your support, you are committing to using the rider language in every term sheet:
In order to advance diversity efforts in the venture capital industry, the Company and the lead investor, [Fund Name], will make commercial best efforts to offer and make every attempt to include as a co-investor in the financing at least one Black [or other underrepresented group including but not limited to Latinx, women, LGBTQ+] check writer (DCWs), and to allocate a minimum of [X]% or [X] $'s of the total round for such co-investor.
The Diversity Rider is open to anyone who invests or wants to invest in startups, whether that is through a venture fund or as an individual Diverse Check Writer.
Use the links below to visit this Airtable and tell us you’re committing to using the Rider in every deal; your firm’s name will be added to the public website
Use the Rider language as is or tailor to your firm’s needs / processes
Embed the Rider language into your term sheets; be willing to discuss this with founders and be ready for pushback
Be a champion for the Rider and encourage your peers and others who are relevant in your networks to adopt and promote the Rider as well
Take the first step and pledge to use the Diversity Rider in all of your firm's deals; you are also welcome to sign up as a diverse check writerSign Up
If you are a diverse check writer, you can confidentially share your contact information with us and you will be connected with VCs who have pledged to use the riderSign Up
If every firm commits to making this significant change in their deal-making process, the VC playing field will be more inclusive. This will also give diverse check writers (DCWs) exposure to networks they previously did not have access to, and it will benefit firms by bringing diverse thinking to the companies in which they are investing.
Act One is holding itself accountable by including the Diversity Rider in every term sheet.