“An early-stage fund investing in the exponential power of exceptional female talent.”
That line is taken directly from the Female Founders Fund’s webpage. Sounds like a bunch of feel good bullshit business jargon, doesn’t it? And if the fund failed to deliver, it would be.
Lucky for the many women who work for and use the products and services helped along by the Female Founders Fund, the fund has delivered and then some. Some of their first investments are names you’ve probably heard; Maven and ELOQUII and Shine Text. What do all of these companies have in common? Female founders working in technology. And that is their focus, investing in women who are trying to make space for themselves in the traditionally male dominated tech field.
“Women experience greater successes – and fewer failures – than their male counterparts. Yet traditional venture capital does not reflect this.Female Founders Fund was founded to change that.”
There are many studies that back up what F3 says on their webpage, specifically that women have more success than men when it comes to their entrepreneurial efforts and yet money streams tend to veer away from women and toward men.
For now, let’s table the why of that problem. We have to move on to solution and F3 has done a tremendous job of doing just that. In that last few months, F3 has raised a second round of funding to the tune of 27 million dollars. And the people who have invested in the second round include Melinda Gates, a woman who is putting her money where her mouth is when it comes to supporting women.
If you have an idea that lives at the intersection of technology and gender (you are a woman who runs a business that uses technology as a main component of that business) then by all means check out F3. Their website is a treasure trove of businesses they have invested in and there is a link that tell you how to pitch your idea to them.
To submit pitches, email your deck and relevant materials to firstname.lastname@example.org.
What are you waiting for? Up, up, and away, bitches!