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What it is like to be ethnically diverse in venture capital

As an ethnic minority in the venture capital sector, Lillian Li (pictured) always wondered whether her background would hinder her career ambitions.

Ms Li, who was born in mainland China and came to the UK when she was a child, was turned down for a number of jobs in private equity before joining the VC world and was never quite sure if the rejections were down to not fitting the mould.

“It was never explicit whether ethnicity was going to be a handicap,” the 30 year-old says. “But I never saw it as an asset because the [industry’s] mindset has been of having a culture where people come from similar backgrounds.”

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