Anu Duggal, founding partner of Female Founders Fund
The VC industry has had to adapt to a new reality since hit like every other sector. No longer friendly conferences at Blue Bottle Coffee or in-person networking at demo times вЂ” VCs now just just take their pitches (and coffees) more than a safely-distanced zoom call. Feminine founders, nonetheless, suffer from this new powerful. PitchBook recently published a questionnaire saying that VC funding for female founders has dropped up to a three-year low. Organizations spent a complete of $434 million in Q3, the figure that is lowest considering that the 2nd quarter of 2017, relating to PitchBook information. The third quarter total additionally amounts to a 48% fall in financing from Q2, whenever feminine founders received $841 million across 132 discounts.
Happily, you can find VC companies that concentrate solely on feminine founders, a typical example of that is Female Founders Fund (FFF). Launched in 2014, the NYC-based company has raised two funds up to now (Fund I: $6 million and Fund II: $25 million) and matters 40+ organizations in its profile, including Billie, Co-Star, Kama, Lex, Maven, Peanut, Real, lease The Runway and Zola.
Data through the FFF web site
Female Founders Fund
Although FFF is renowned for buying tech-enabled platforms that facilitate digital connections, the lovers choose to relate with prospective founders in true to life (IRL).
вЂњonce you meet someone in true to life, you are able to choose through to body gestures and thereвЂ™s another variety of types of energy,вЂќ FFF partner that is founding Duggal explained in an interview. вЂњAt this very very early stage, weвЂ™re investing in people, so the biggest thing for all of us is spending some time because of the founder(s).вЂќ
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Since March nonetheless, the company has received adjust fully to a set-up that is new it comes to fulfilling and reaching founders. Continue reading “Female Founders FundвЂ™s Anu Duggal On Sourcing Discounts During And Purchasing Founders She Never Met IRL”