Greylock Partners—Greylock Partners Fund 16 exclusively added diversity-focused LPs including MLT
In its Fund 16 raise, Greylock Partners made the deliberate decision to only add new limited partners (LPs) with a specific focus on diversity and inclusion, including Management Leadership for Tomorrow. This was part of a broader effort to diversify tech's wealth cycle by ensuring that underrepresented communities could participate as investors in venture capital, not just as employees. The firm also partnered with Dreamscape to connect Black executives with leadership opportunities at portfolio companies.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | +toward | secondary | +0.50 |
| DEI Programs | +toward | primary | +1.00 |
| Overall incident score = | +0.443 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Greylock announced Fund 16 with diversity-focused LP additions and Dreamscape partnership
Greylock Partners announced Fund 16, noting the fund exclusively added new LPs with a diversity and inclusion focus, including Management Leadership for Tomorrow. The firm also partnered with Dreamscape, launched in 2020 with 3,000+ members, to connect Black executives with leadership opportunities at portfolio companies including Robinhood, Brex, and AppLovin.