Why W Fund?
Our team knows two things really well - the tech startup space, and inclusion in that same tech startup space. Both of them need changing, and at many different levels.
The W Fund is structured to make the biggest impact it can on as many of those levels as possible. A few ways we do this:
-- Directly investing in outstanding companies led by innovative leaders from underrepresented backgrounds
-- Supporting portfolio company diversity and inclusion of employees, workplace, board, advisors and investors
-- Establishing VC-in-Residence, carry-holding investment positions to open a path to VC for people who would otherwise not have that access
-- Diversifying our own Limited Partners, providing them with investing, operating and leadership skills-building programming, and equipping them to be inclusive in activities outside our fund
We've seen firsthand the power of underestimated founders, and we know our next $1B companies will be led by women and underrepresented people. We have a singular focus on fueling a more powerful and representative future for the world, and access to the best-of-the-best.
Our investment thesis
We invest in traditionally underfunded founders who build innovative, profitable technologies and companies that will generate big returns.
We focus on Pre-Seed through Series A companies, with the bulk of those being Seed. We also reserve a portion of our capital to invest in proven portfolio managers who share our mission and vision, and have a successful track investment track record.
At least 70% of our investments will be in women-led startups. Of that 70%, at least half will go to women who also come from another traditionally underestimated group.
The remaining 30% must have one of more of the following characteristics:
-- Founder from a traditionally underestimated group, such as race, ethnicity, LGBTQ+ identity, socioeconomic status, nationality, age, or location.
-- Solution focused on increasing diversity, equity and inclusion.
-- Solution focused on solving problems for traditionally underserved people.
Our portfolio strategy
We care about profitability over hockey sticks, healthy growth over stacked venture rounds, and don't rely on a small handful of our portfolio companies to contribute to positive fund performance.
We look for technology founders who have a confident path to profits, are excited about the contributions our investment team, our advisors, our LPs and our network could have on their startup, are 100% committed to creating a diverse and inclusive workplace, and care about the well-being of themselves and their team. After all, people are truly the biggest asset a growing company can have.
We invest in technology companies that are ethically-forward and are working to make the world better - whether it be by providing more access (that's a big word for us), creating solutions for underserved markets, promoting the positive use of data, or what have you.
-- Some of the things we're excited about: FinTech, EdTech, Health and well-being, AI (with some caveats!), Sustainability and Environmental Tech, AgTech, Big Data (more caveats!), LegalTech.
-- Some of the things we're less excited about: Basically anything that suggests a questionable data and privacy moral compass, Social Media (unless you've got the next, non-evil version of Facebook... we'll take a look at that), HR Tech, AdTech, BioTech.
Are you interested in learning more about our fund?