‘Women are the true unicorns’: This millennial investor is breaking barriers in venture capital and betting on female founders (via CNBCMakeIt)
SoGal's first $15 million fund was used to invest in 42 companies, which have since created a total of $7.8 billion in market value, said its co-founder Pocket Sun .It didn't take long for Pocket Sun to realize that entrepreneurship can be a lonely journey — even more so for women.
"He brought in CEOs and VCs every week to speak to us and I remember asking on the first day, [are] there going to be any female speakers? And he's like, 'Maybe. There are very few of them.'" "It was … born out of my own pain point of not seeing enough women in the entrepreneurship world. I felt incredibly isolated and like an outsider," theBut eight years later, SoGal is more than just a safe space for likeminded women. It is now SoGal Ventures — a VC that invests in early-stage startups in the U.S. and Asia, and all of them are led by women or entrepreneurs of diverse backgrounds, Sun said.
I remember so clearly in New York at this investor meeting, [a male investor] was sitting across from me and he said, 'Investing in biotech is a thesis. Investing in women is not.'"I remember so clearly in New York at this investor meeting, [a male investor] was sitting across from me and he said, 'Investing in biotech is a thesis. Investing in women is not.'"
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