Good morning,
Anu Duggal started the first early-stage fund for female-founded companies. So, what criteria does she look for in pre-revenue companies?
"There are no hard and fast rules. We're really looking to invest in great founders with big vision, from relevant backgrounds. And you know, early signs of traction," Duggal, the founding partner of the Female Founders Fund, said Wednesday during an Inc. live stream event. Duggal’s seed-stage venture fund has become a leading source of capital for women founders, closing its second fund of $27 million in 2018. Since its launch in 2014, Female Founders Fund has backed successful startups such as razor company Billie, women's health startup Maven Clinic, astrology app Co-Star, Real, Rent the Runway, and many others.
It's no secret that women-led startups get a smaller piece of the venture capital funding pie--only 2.4 percent of venture capital dollars in the U.S. in 2020, according to Crunchbase. Interested in beating the odds? Read our story to learn Duggal’s top three tips for making your company stand out to investors. |
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