Why Wall Street cuts female colleagues out of events (newsletter)

Good morning! 

University of San Francisco published a new quarterly report The Silicon Valley Venture Capitalist Confidence Index® that measures the opinions of professional venture capitalists on their estimations of the venture entrepreneurial environment in the San Francisco Bay Area. Spoiler: investors are bullish. 
However, we didn't find a single women VC among other two dozens of investors participated in the survey. I've reached out the author of the research, Mark V. Cannice, PhD, who is Department Chair and Professor of Entrepreneurship and Innovation with the University of San Francisco School of Management, and offered him our assistance in introducing women investors and facilitating the survey with them. Ladies, stay tuned: we'll update you on this matter.  


Tweet of the week: Jodi Jahic on the presidential elections


Another uncommon perspective on men-women business relationship was articulated this week by Maureen Sherry, a former managing director at Bear Stearns Cos. She said that men on Wall Street will likely further cut female colleagues out of meetings and after-hour events for fear of offending them. “Men may feel like, in a social situation with the women they work with, they can’t let their hair down any longer,” said Sherry, “I think it’ll be more isolating for women.” That can be applied to Silicon Valley and investment community too. 
Since men are not known for being easily offended, they aren't used to smoothing things over during social interactions with each other. So in many cases, they can upset women unintentionally. After all, men aren't the most delicate creatures, and the easiest way for them to avoid offending women is simply to avoid women. Now, when we are reminded of that, let's train our rational brain to take over emotional one when we are ready to get offended. Stay wise. 

Renata George, Chair at Women.VC

Women are looking at something they feel is really screwed up. They’re laser-focused on finding a way to fix it.
— Susan Lyne

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Women VCs' portfolio  

Leslie Henshaw, partner of Deerfield, backs ConcertoHealth and joins its board of directors. 

Kirsten Green, the founder of ForerunnerVC, leads the $7M round for food delivery service Ando.

Hubble Contacts, the company delivering disposable lenses, raised new $7.2M round from Ellie Wheeler of Greycroft et al. 

    We are happy to welcome Abbie Celniker on our list of women VCs: she joined Third Rock Ventures as a partner, becoming the only woman at the Boston-based life science firm with that title. Her first investment on behalf of the firm will be the first one in her life. Abbie loves doing jigsaw puzzles, but never looks at the picture on the box, and she once completed a 1000-piece puzzle that was solid white.

     

     

    Numbers and facts to know

    Most investors (75%) and founders (79%) are not aware of any diversity efforts at their companies.

    63% of surveyed women entrepreneurs do not find female investors easy to deal with

    Nearly 80% of media stories about companies in crisis cited the CEO as a source of blame when the company’s leader was a woman.

    Annual Diversity in Tech Report (they said it's funny; if it weren't true)