VCs/investors, this is an incredibly important post from Jessica Schaefer - and female founders, this is an incredibly important factor for you to be aware of: we don't just need access to our fair share of capital to build, scale and exit the unicorns we're planning, we need the investors we want to make an absolute goddamn f*cking shit-ton of money for, to support, champion, door-open, advise and help us to get to that successful exit. Well done Michael Jaconi John Elton - ladies, we need to find our own Michaels and Johns to both fund AND get us to that exit:
Ladies, let's catch that whale! As we close Women’s History Month, we should talk about the #1 overlooked fact: the number of exited female founders is dwindling. We focus on what % of capital goes to female founders (less than 2% of venture funding), but not on the support of investors along the way to help scale the business and exit, successfully. I made many mistakes, and there were a lot of friends and advisors who coached me – who still coach me. Investors need to continue to support women through the down cycles, advise them on what they might not know and champion those around them vs take advantage of them. This year, I’ll coach females who want to become founders, who already are founders, and who are thinking about selling their company. Thanks to the guys who supported me with my first big catch 🎣 Michael Jaconi John Elton #womenshistorymonth #venturefunding #privateequity
