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      "text": "Ethnic diversity among investment partners was more significant in small firms (11%) than in mid-size (5%) or large firms (1%). Hispanic employees were a larger percentage of the investment partners at firms founded within the last ten years (8%) than at older firms (2%). Hispanic representation among investment partners was higher at firms in the West (7%) than at firms in the South (5%), Northeast (3%), and Midwest (3%). The ethnic diversity of investment partners was greater at firms focused on the seed investment stage (9%) and early stage (7%) than at those focused on multi-stage (2%) or growth stage (0%).",
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      "text": "Base = Employees. Percentage of Hispanic employees among each group. Note: Figures for 2016 are not shown because the survey questions on race and ethnicity had a different format in the 2016 survey and are not comparable to those in 2018, 2020, and 2022. Hispanic/Latinos = 18% of the US labor force",
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