"Yet, with all the support women receive and their success, access to venture capital remains a stubborn challenge. The reason for the funding gap for women receiving venture capital is the gender imbalance at the partner level. The proportion of women partners in U.S. venture capital firms was small in 1999 — 10% — and it was downright miniscule in 2014 — 6%, according to Women Entrepreneurs 2014: Bridging the Gender Gap in Venture Capital, a report by Babson College.
She calls it the first cross-border venture capital firm led by Millennial females, and now Sun and a partner in the U.S., Elizabeth Galbut, aim to finish raising up to $8 million by next month to close their SoGal Ventures fund I.
Meet the year's top 10 writers in venture and entrepreneurship on LinkedIn, ranked by engagement and more. Pocket Sun, Founding Partner of SoGal Ventures meets and interviews VCs around the world -- then shares lessons with readers.
Yet Analytics’seven-figure seed round made a splash, especially as the final $1.3 million figure represented was far higher than the $750,000 that the data analytics company initially set out to raise.
“Our healthcare costs in the U.S. are out of control, and there are so many opportunities for medicine and technology to both improve patient outcomes and reduce cost… We believe that technological talent helps drive innovation, and we want to find the best talent at Hopkins so we can fund them.”
Jason Calacanis, said to us, “You could probably take a year or two figuring out how to get into VC by applying everywhere, meeting everyone. But when you get there you’re probably not going to like what you find. Or you could take that year or two, work your ass off and see if you can create a new type of venture capital firm with your own goals and views on the world.”
If you can believe it, Sun (left) is 24 and Galbut (right) is 26, and they are venture capitalists behind the first-ever female-led Millennial venture capital fund for diverse entrepreneurs in the United States and Asia.