Part of the reason Lyne started BBG Ventures was to help to close the venture capital gender gap in the U.S. It is harder for female founders to raise funding and it’s also harder for female venture capitalists to raise capital. BBG Ventures isn’t the only female-founded fund that invests in female founders — others include Halogen Ventures, Forerunner Ventures, SoGal Ventures and Female Founders Fund — and that might help close the venture capital gender gap sooner. In 2018, 82% of U.S. venture capitalists were men and 70% were white according to an analysis of about 1,500 venture capitalists by Richard Kerby, a partner at the venture capital firm Equal Ventures. There is not only an ethical reason to close the venture capital gender gap; it’s also a smart business decision.

Source: Forbes May 20, 2019 17:40 UTC