Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Victoria Pettibone was recorded in October 2017. Victoria Pettibone, Managing Director of Astia Angels, a group focused on funding women entrepreneurs. She discusses what they like to invest in, as well as the trends she sees in the deal flow and the portfolio.
Sramana Mitra: Tell us about Astia Angels. What are you doing? What is the focus of the group? What size investments are you making?
Victoria Pettibone: Astia is an organization >>>
Billion Dollar Unicorn club member Stitch Fix (Nasdaq: SFIX) recently went public. Its listing is worth celebrating because it is the the first IPO this year for a tech company that was led by a woman. The stock has had a choppy ride as investors are still trying to determine how to value this latest e-commerce in a box company. Nonetheless, in a market dominated by male CEOs, I personally am thrilled to see good execution and a milestone achievement by this company.
As the numbers of women who are VCs and Angel Investors continue to grow, the startup ecosystem continues to evolve. Will a female perspective be an asset to your startup? Might the influence and support of a strong woman lead your venture to success? Have a listen to the following 30-minute podcast interviews with a variety of Angels and venture capitalists to learn if your business might be of interest to them.
Ann Winblad, Co-founder, Hummer Winblad – Ann is one of the most successful women VCs in our industry, and as I mentioned in my introduction, I have never heard her whining about bias against women. One of the most encouraging things she discussed today is how her firm is sourcing interesting ventures from all over the world, not just Silicon Valley. Mulesoft, one of their hot portfolio companies, had its CEO based in Malta, originally!
Today, the #MeToo thread has started to spread all over social media. I want to point you to an article I wrote for women entrepreneurs on how to deal with sexual advances from VCs some time back.
As an attractive woman in the male dominated technology industry, I have dealt with my share of sexual advances. I have never named names in public. I am still not naming names or recounting anecdotes.
Victoria Pettibone, Managing Director of Astia Angels, a group focused on funding women entrepreneurs. She discusses what they like to invest in, as well as the trends she sees in the deal flow and the portfolio.
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During this week’s roundtable, we had as our guest Jana Eggers, CEO of Nara Logics, Inc., an AI startup that has successfully pivoted from B-to-C to B-to-B under her leadership. We discussed financing, go-to-market strategy, and bias against women entrepreneurs.
Ankit Raj from Bangalore, India, pitched Nakshi, an online art marketplace. We discussed his strategy on how to differentiate and build a scalable business using proven models that have been tried elsewhere.
You can listen to the recording of this roundtable here:
According to Grant Thornton India, the Indian fashion retail industry has evolved rapidly over the past decade propelled by investments to the tune of $13 billion flowing into the sector. Of this, $10 billion were PE/VC investments. Indian fashion retail industry is worth about $70 billion and online fashion e-commerce, according to Google India, is expected to grow to $35 billion by 2020 or around 35% of e-commerce. LimeRoad is an Indian online fashion retailer with a unique social discovery platform that is trying to make it big. >>>
Entrepreneurs, especially woman entrepreneurs, looking for some inspirational and informative startup founders to share their unique perspectives and lessons learned, will find several success stories worth following in this selection of 30-minute podcasts.
Therese Tucker, Founder and CEO of BlackLine, is a very successful female entrepreneur who followed our core philosophy of bootstrap first, raise money later. When I first met her in 2009, her company was in the $10 million revenue range. Subsequently, it has continued to grow at 50% CAGR year over year, and Therese raised private equity funding in 2013 to take liquidity for herself and her team. The company has since gone public at a Unicorn valuation.
Stephanie Leffler, CEO of OneSpace, has done a prior successful, bootstrapped venture from St. Louis and exited it. This time round, she has bootstrapped to about $350k in revenue and then raised venture capital from Highland Capital and others. Stephanie is a damn compelling entrepreneur.