Rent the Runway and Glossier became unicorns within the same week in June 2019. That same year, simply 2.7% of risk capital dollars went toward female-founded companies.
Silicon Valley’s disconnect between the money success of female-founded companies and funding them in the first place is disheartening. The conversation is there, but the dollar sign momentum remains missing.
Anu Duggal founded the Female Founders Fund before both were even a definite actuality. In 2014, the inventor launched her firstly fund to invest in female-led startups. It took her 700 fits over two years to realize that first close, she said. Times eventually, venture capital has slightly taken note. But the Female Founders Fund, or “F Cubed, ” has moved female-led triumphs and pot large-hearted on the underestimated resource class.
Her early focus on female benefactors hasn’t advanced, but the landscape has. And in an exceptional nature of remote batches and democratization of venture capital, we’re even more excited to have Duggal join us on Extra Crunch Live this upcoming Thursday at 11 a.m. PT/ 2 p.m. EST/ 6 p. m. GMT
Those tuning in and taken due note are encouraged to ask questions, but you have to be an Extra Crunch member to access the chat. If you still haven’t signed up, now’s your risk! With the due, you’ll also be able to check out all of our stellar previous patrons on-demand( watch those episodes here ).
Female Founders Fund provides us with seed institutional uppercase to entrepreneurs with over$ 3 billion in firm appraise. The firm has trimmed checks into women-led fellowships such as Rent the Runway, Billie, Tala, Peanut, Thrive Global and Zola. The fund has also captivated restriction collaborators like Melinda Gates and Girls Who Code founder Reshma Saujani.
Duggal herself has a fascinating trajectory into technology expending. At 25, she started a wine-coloured disallow in Bombay announced The Tasting Room. She went on to get an MBA from London Business School, and co-founded Exclusively.in, an e-commerce company that got acquired by Indian fashion e-commerce company Myntra in 2011.
Hear from Duggal on August 20 about how the speculation countryside has changed for female benefactors, what she foresees of as a success story and if 2020 feels different than 2014. And Extra Crunch fam, make sure to bring your attentive questions for me to ask her live on air.
You can find the full details of the conversation below the jump.
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