It has been practically a decade since Anu Duggal, founding associate of Female Founders Fund, began elevating cash to spend money on women-led startups. In 2020, the investor says her thesis — that there will likely be a era of profitable venture-backed companies constructed by ladies — is one you may’t keep away from.
“You can’t argue with that anymore,” she stated. “There are going to be some people who take a little longer to kind of accept that this is a long-term development, and there’s some that have recognized this is the future.”
We introduced Duggal on to Extra Crunch Live on Thursday to debate how her work is altering amid unprecedented instances.
She, like many traders, says she has taken on the “new normal as the new normal” and is invested in startups with out ever assembly founders in-person. But how does the breakdown of conventional networks impression feminine founders?
“I wouldn’t say we’re seeing new tailwinds yet,” she stated, on the main focus to spend money on feminine founders. “I think we’re still kind of in the early innings of corona. I will say, though, that there’s reason to be optimistic.”
Duggal talks about vivid spots on this dumpster hearth of a 12 months, scout packages and the “lipstick effect” within the full session, which is offered beneath. You can join Extra Crunch here in the event you nonetheless want entry.
Covid-19 Should traders publicly share portfolio diversity information?
We felt strongly about disclosing diversity information as a result of, , we make investments 100% in corporations began by ladies and so we’re already at considerably of a bonus in comparison with many of the trade. I feel the explanation we did it was to indicate that we’re not patting ourselves on the again. We nonetheless have extra work to do. And right here’s what we’re going to do, listed below are the motion steps we’re taking.