I was glad to see the news about the launch of Valor Ventures, a VC firm led by women and focused on finding women founders.
Another firm that excites me is the Impact America Fund. Here’s a good interview it’s founder, Kesha Cash, did with the Andreesen Horowitz team.
Some time ago, I posted First Round Capital’s findings from its 10 years investing in startups. One of its findings was that women-led startups outperformed those led by men. You wouldn’t guess that by the looks of all the startups getting funding for their ideas.
The VC landscape is dominated by white men, leading to white men getting the lion’s share of funding. As the debate on diversity in the technology industry continues to heat up, firms like Valor and Impact America getting traction is huge.
I was disappointed to see that Valor’s team was all white women. That’s another ongoing debate as the tech industry tries to figure out its diversity problem.
Nonetheless, this is exciting news and I look forward to seeing what companies Valor funds.