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Female-only VC firm Forerunner Ventures raises $40M fund

Mastodon - Thu, 2012-07-26 16:25

Article here Excerpt:

'Amid sweeping accusations that Silicon Valley venture capital firms have failed to attract female talent, one women-only firm has been quietly raising millions for its first institutionally-backed fund.

If you haven’t heard of Forerunner Ventures, you probably will soon. This firm has been making its mark in the fashion world. In its first year, Forerunner made strategic investments in companies like Bonobos, Birchbox, Warby Parker, Hotel Tonight, Snapette, and Threadflip. And today, Forerunner announced it had closed a cool $40 million to continue funding up-and-coming digital commerce startups.

The firm has only been around since 2010, and already Forerunner Ventures has made some promising-looking investments. The secret ingredient is Kirsten Green, the firm’s managing partner, who has a clear vision for success, one that has been almost a decade in the making.'

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New Business Rule #1

Matt - Fri, 2012-07-27 22:33

It's OK, if not fantastic, for a firm or industry to be very successful/profitable if it is staffed only by or largely by women. It's only bad for this to be the case if it's staffed only by or largely by men.

There, simple.

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