Lease the Runway and Glossier became unicorns within the exact same week in June 2019. That same year, just 2.7%of equity capital dollars approached female-founded business. Silicon Valley’s disconnect in between the monetary success of female-founded business and funding them in the first place is frustrating. The discussion is there, but the dollar sign momentum remains missing.
Anu Duggal founded the Female Founders Fund prior to both were even a concrete reality. In 2014, the business owner released her first fund to buy female-led startups. It took her 700 meetings over 2 years to make that first close, she said. Years later on, venture capital has somewhat kept in mind. But the Female Creators Fund, or “F Cubed,” has actually tracked female-led wins and bet big on the ignored possession class.
Her early concentrate on female creators hasn’t progressed, but the landscape has. And in an extraordinary world of remote offers and democratization of equity capital, we’re even more ecstatic to have Duggal join us on Bonus Crunch Live this upcoming Thursday at 11 a.m. PT/2 p.m. EST/6 p.m. GMT
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Female Founders Fund has supplied seed institutional capital to entrepreneurs with over$3 billion in business value. The company has actually cut explore women-led business such as Rent the Runway, Billie, Tala, Peanut, Thrive Global and Zola. The fund has actually also drawn in limited partners like Melinda Gates and Girls Who Code founder Reshma Saujani. Duggal herself has an interesting trajectory into innovation investing.
At 25, she started a red wine bar in Bombay called The Tasting Room. She went on toget an MBA from London Company School, and co-founded Exclusively.in, an e-commerce company that got obtained by Indian fashion e-commerce company Myntra in 2011. Speak with Duggal on August 20 about how the investment landscape has changed for female founders, what she thinks of as a success story and if 2020 feels various than 2014. And Extra Crunch fam, ensure to bring your thoughtful concerns for me to ask her live on air. You can find the full details of the conversation below the dive. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.