Rent the Runway and Glossier turned into unicorns within the identical week in June 2019. That similar year, easiest 2.7% of venture capital bucks went in direction of female-basically based companies.
Silicon Valley’s disconnect between the financial success of female-basically based companies and funding them within the important thing negate is disheartening. The conversation is there, however the dollar signal momentum stays lacking.
Anu Duggal basically based the Feminine Founders Fund prior to both had been even a tangible actuality. In 2014, the entrepreneur launched her first fund to make investments in female-led startups. It took her 700 meetings over two years to compose that first close, she talked about. Years later, venture capital has a small taken blow their own horns. Nonetheless the Feminine Founders Fund, or “F Cubed,” has tracked female-led wins and bet huge on the underestimated asset class.
Her early focal level on female founders hasn’t evolved, however the landscape has. And in an unheard of world of a long way flung deals and democratization of venture capital, we’re grand extra exasperated to beget Duggal be part of us on Extra Crunch Dwell this upcoming Thursday at 11 a.m. PT/2 p.m. EST/6 p.m. GMT
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Feminine Founders Fund has offered seed institutional capital to entrepreneurs with over $3 billion in venture mark. The firm has lower tests into girls folk-led companies reminiscent of Rent the Runway, Billie, Tala, Peanut, Thrive Global and Zola. The fund has also attracted restricted companions adore Melinda Gates and Ladies Who Code founder Reshma Saujani.
Duggal herself has a moving trajectory into know-how investing. At 25, she started a wine bar in Bombay called The Tasting Room. She went on to build up an MBA from London Industrial College, and co-basically based Exclusively.in, an e-commerce company that bought obtained by Indian vogue e-commerce company Myntra in 2011.
Hear from Duggal on August 20 about how the funding landscape has changed for female founders, what she thinks of as a hit legend and if 2020 feels plenty of than 2014. And Extra Crunch fam, compose particular that to bring your thoughtful questions for me to ask her live to command the tale air.
That that you just would possibly presumably win the stout significant points of the conversation below the soar.