Q&A: ‘Better Venture’ authors on why VC has failed to reinvent itself

On Wednesday, Erika Brodnock and Johannes Lenhard published their book, “Better Venture: Improving Diversity, Innovation, and Profitability in Venture Capital and Startups,” which serves as a guide for those looking to increase diversity, equity, and inclusion in the venture capital market.
The authors conducted more than 80 interviews to gauge how much progress there has — and hasn’t — been in the American and European startup ecosystem, suggesting that the current venture funding model is archaic. They point out that, in its current structure, it resembles the economic model used by European

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