Yesterday, Dan Primack over at Axios published commentary on the state of women as partners in VC funds. While we agree with Dan that women are still incredibly underrepresented in the venture industry, we question his methodology. For his assessment, he excluded all funds with under $100M in AUM — why?
The reality for venture capital is that the vast majority of venture firms are under $100M in size. Change — as with so many industries and cultural norms — rarely comes from the top. It’s more likely to come from the bottom … from the startups, from the grassroots, from the early-stage Micro VCs who are managing their first or second funds. (more…)