Changemakers: The Fund XX
发布时间 2023-05-17 17:04:07 来源
摘要
Dismayed, yet motivated by what they were seeing in venture capital, Sylvia Kuyel, MBA ’14, called her GSB classmate Alison Stoloff (also MBA ’14) and they began doing more research. “We found that companies that are led by women CEOs typically have about $250,000 less in funding than their peers. And that results in less runway to get to the next milestone,” Kuyel says. The duo teamed up to launch The XX Fund, an early stage VC fund investing in women-led businesses across the U.S.
“Sylvia and I had this belief that women succeed at the same rates as men when given the same access to resources and network,” Stoloff says.
In terms of capital deployed, The Fund XX has deployed approximately one million into 20 companies so far.
“Ultimately, the best world for everyone is a world that represents everyone, and where we need to continue to focus and make an impact is to bring people into the ecosystem who otherwise weren’t in the ecosystem,” Kuyel says. #changemakers #video #videoseries
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