We are excited to see more and more Women VCs populating the industry in all imaginable roles. First time in history of Cannes Lions, a venture capitalist takes the helm of Cannes Lions Innovation, and that is a Woman VC: Susan Lyne, President and Managing Partner of BBG Ventures has been appointed the Innovation Jury President this year. "The Innovation Lions honour the most creative and impactful use of technology to solve global problems, open minds, and transform business and society. Serving on last year's jury was a highpoint of my year, and I'm honoured to return this year as President,” commented Lyne.
When we scanned the tech media and blogosphere last year, we found a very few female investors in the spotlight: indeed, men are more focused on self-promotion than women, which we should all learn from them. To increase media presence of Women VCs, we experimented with a dozen of ideas, and eventually a couple of them worked out. It's great to see more Women investors blogging and being quoted by media! Don't miss their advice!
This week, Venture Capital Journal published some responses Women VCs gave us on the following topics: multiple lay-offs on startup scene and lawsuits of investors against their portfolio companies. Besides that, Kara Nortman of UpFront Ventures published her article about investing in digital health on TechCrunch. She says that "the greatest impact will come through patient-centric thinking and a focus on preventing, rather than simply treating, disease wherever possible". Rudina Seseri, Founder and Managing Partner at Glasswing Ventures, explained the need Artificial Technologies are creating for data scientists and pointed out that the demand for them is far ahead of the supply of qualified talent.
Also, we are launching video interview series with Women and Men VCs discussing different aspects of life, sharing their practices of venture investing and of course, advising on how to run a startup. Get a glimpse!
We would like to invite you to VC Academy series of monthly mini-conferences on art of venture investing. Venture capitalists from Menlo Ventures, Structure Capital, Visionnaire Ventures, Aligned Venture Partners are scheduled for the upcoming events. Please, RSVP replying to firstname.lastname@example.org, so we could make sure that 150-seat audience will fit us all. Thank you! :)
Aprat from that, Members of WomenVC have saved $940 on tickets to SaaStr Conference & Women In Tech Festival this month! If you would like to receive discounts to many of industry events and you are not yet among our Members, you should definitely consider becoming one!
You know that a handful of VCs came to the industry from media, including Michael Moritz of Sequoia Capital being a journalist before? Don't miss such opportunities from FirstMark Capital hiring Community and Content Lead to organize +60 annual events and expanding their online presence and Insights Lead for the Platform Team to produce thoughtful and insightful written content (New York, NY), as well as Technology Reporter for Atlantic Media (San Francisco, CA).
Coparion Ventures is inviting an Intern with an economics or finance background to perform due diligence and analyses of markets and companies for potential investment opportunities (Berlin, Germany)
Comcast Ventures is now hiring a Principal to nurture existing Bay Area relationships and foster new ones with entrepreneurs, investors and industry practitioners (San Francisco, CA).
ART OF VENTURE INVESTING
Stephen Hays, Managing Partner at Deep Space Ventures, a Venture Capital fund located in Texas, blogged about raising a small first-time venture or angel fund. Because almost 30% of all current women VCs have raised their own funds rather than stayed an employee of someone else's venture firm, his post can come handy. His advice #5 says: "Don’t be in a hurry to do deals — be in a hurry to learn", and this is exactly why we are here for you with our weekly handpicked wisdom on art of investing! We also liked Stephen's advice to use good VC attorney as your psychologist (because they will be there for you to stop you from doing anything stupid) and to write some relationship checks to whom you can learn from (meaning to get into some deals with established investors or become an LP yourself).
For our next pick, you want to get yourself a cup of tea, because this topic will require your full attention to get comfortable with. But trust us: once you become an investor, and especially if you take a seat on board, you do want to understand such financing tool as 'venture debt'. Todd Schneider of Spinta Capital discusses the hidden costs of venture debt, particularly loans that amortize. He offers an exercise uncovering the nuanced distinction between traditional, amortizing “venture debt” and a non-amortizing term loan (the “balloon” or “bullet”).
WOMEN VCs DEALMAKING
- Kendra Scott Design, leading fashion accessories brand, backed by NVP's Sonya Brown received new funding from Berkshire Partners;
- Kristina Burow of ARCH Venture Partners led Series A of $50M for proteomics platform Vividion Therapeutics;
- Theresa Mazzullo, CEO of Excell Partners, invested in ostomy device start-up TenCar.
MEET THE TRIBE
- Clare Ozawa was appointed a Managing Director of Versant Ventures to lead investments in San Diego and the Bay Area.
- Arlan Hamilton was interviewed by 'Black Enterprise' about her transition from Tour Manager to Venture Capitalist; while
- EdSurge asked Managing Partner of New Schools Venture Fund Tonika Cheek Clayton about her journey from the NBA to the forefront of educational technology.