Not only is she a woman, which is unusual enough in the male-dominated business, but she has also been in the industry for nearly two decades and, since 2020, has been one of the few women to run her own venture firm.
There’s been a lot of talk in the industry lately about how hard it is right now for newer venture firms to raise their second funds. How were you able to succeed when others haven’t? One is really being long-term oriented when we went . Usually you’ll find Fund Ones — the vast, vast, vast majority has a large percentage of individuals or friends and family. You don’t find as many institutions as you find in us. Those are also more volatile capital.
If we had put all of our money out in 2021, like some funds did, we would have invested extremely quickly into extremely high prices and businesses that, for the extreme majority of them, you cannot find underlying revenues to justify the price paid. So, we would be behind the eight ball, if you will.
Ex // Top Stories State gives SFMTA $130 million to replace floppy-disk system The agency’s subway train-control system surpassed its life expectancy last year In Fund One, we invested in a Latin American company called LaHaus that’s a real-estate marketplace serving Mexico, Columbia, and expanding through all Latin America. We invested in a company called Rewired that Remitly acquired that was based in Israel but very much focused on emerging markets — very big in certain countries of Africa, etc.