Per usual these days, much is being written about the lack of women in tech and the difficulty for women to get funded. The always honest and entertaining Dave McClure (his 500 Startups blog is a must read) had some hard-hitting words this week in an article titled “Women in Tech: Put Your Money Where Your Mouth Is.” While I don’t agree with the entire piece, and the problem is much bigger than the lack of female investors, I do give kudos to Dave’s new project, Women Investors NOW. WIN challenges women to publicly commit to invest a total of $15,000 in three start-ups over the next year. Per Dave, “I’d like to CHALLENGE every woman in tech who’s a) got a nice care, b) owns a nice house, or c) is making over $125K a year to start thinking of themselves as the next Ron Conway or Esther Dyson in the making and commit to investing in startups…”
I often talk (and write here) about the need for women to help women. And this is a GREAT way to do it. Once I get a few months of my new gig behind me (more on that soon!), I am totally up for this challenge – and I hope you are too. Click here to learn more about the WIN Challenge. Personally, I plan to be a force in the LA Angel Investing community. There are definitely not enough women funding and advising companies in Silicon Beach. Yet, there are a ton of successful entrepreneurial women here.
Speaking of kickass chicks, I am adding Kirsten Green to my list. Her female-only VC, Forerunner Ventures, announced is raised $40 million today. How do you like that, Mr. McClure! I had not heard of Forerunner before, but they already have a stellar portfolio that focuses on consumer facing ventures that are predominantly in the digital commerce space. They have funded a number of companies I love, including Warby Parker, Birchbox and Chloe + Isabel. Also, I went into online stalker mode on Kirsten and discovered she is married and has a kid. This might upset all the authors/bloggers who took part in the “Women Can’t Have It All” meme a few weeks back.