Why Women Are the Best Opportunity for Businesses
Studies have shown that companies with women in leadership positions perform better. First Round Capital published a report that portfolio companies with at least one female co-founder performed 63 percent better than all-male teams in increasing valuation over time.
It was only a few years ago that I met Kathryn Minshew, Alexandra Cavoulacos, and Melissa McCreery through Y Combinator. They were three women who set out to make a career site for other young women like them with rich, photo-intensive profiles of employers featuring interviews with their teams.
Today that site, The Muse, sees more than 3 million active users per month and Minshew says the company feels poised to compete against destinations like Glassdoor, Monster.com, and LinkedIn for their youngest users. So they’ve raised $10 million in Series A funding from Aspect Ventures, the firm that Accel’s lone female general partner Theresia Gouw left to create with Jennifer Fonstad, DBL Partners and QED.
Techcrunch: The Muse raises $10m from Aspect Ventures to scale a careers site for millennials
Entrepreneur Hermione Way launches Mini-Fund for Female-Founded Startups – Fillmore
Northwestern Mutual acquires LearnVest, the financial planning startup
After six years of operation, the New York startup sells for more than $250 million.
Congratulations, LearnVest!
Female Founders Fare Much Better In 2014
“Anyone who says they can’t find good women entrepreneurs to invest in is not looking,” says Susan Lyne, who recently stepped down as AOL’s Brand CEO to launch female-focused VC fund BBG Ventures.
Via Ada’s Lister Francesca Piazza
