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January 23, 2024 ‱ 43 mins
“𝐈𝐧 đšđźđ« 𝐕𝐂 𝐟𝐼𝐧𝐝, 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐝𝐹𝐧𝐞 đ„đšđ­đŹ 𝐹𝐟 𝐭𝐡𝐱𝐧𝐠𝐬 𝐭𝐹 đ„đžđŻđžđ„ 𝐭𝐡𝐞 đ©đ„đšđČ𝐱𝐧𝐠 đŸđąđžđ„đ, 𝐭𝐹 đšđ©đžđ§ 𝐭𝐡𝐞 đđšđšđ« đ°đąđđžđ« 𝐚𝐧𝐝 đœđ«đžđšđ­đž 𝐚𝐧 đžđ§đŻđąđ«đšđ§đŠđžđ§đ­ đ°đĄđžđ«đž đžđŻđžđ«đČ𝐹𝐧𝐞 𝐱𝐬 đ°đžđ„đœđšđŠđžâ€. Meet Cindy Padnos, founder of Illuminate Ventures, a seed and early-stage venture capital firm based out of Oakland that invests exclusively in enterprise/B2B software companies. In this interview episode of ‘Wiping Out the Norm,’ Cindy shares her journey in Venture Capital with our founder Radhika Bajoria. Cindy started her career by working with a large corporation, then did management consulting within the tech sector and soon founded her own startup in B2B software which she eventually exited and built a VC fund to invest in B2B SaaS sector. After working in the VC world, she conducted many researches to understand what helps startups and founders to become successful. She shared many of her valuable insights in the conversation like,â€œđŒđšđ„đž 𝐚𝐧𝐝 đŸđžđŠđšđ„đž đžđ§đ­đ«đžđ©đ«đžđ§đžđźđ«đŹ đ©đąđ­đœđĄ đđąđŸđŸđžđ«đžđ§đ­đ„đČ. 𝐌𝐞𝐧 đ›đžđ„đąđžđŻđž 𝐱𝐧 â€˜đŸđšđ€đž 𝐱𝐭 đ­đąđ„đ„ đČ𝐹𝐼 đŠđšđ€đž 𝐱𝐭’ đœđšđ§đœđžđ©đ­, đ°đĄđžđ«đžđšđŹ 𝐰𝐹𝐩𝐞𝐧 đšđ«đž đ đžđ§đžđ«đšđ„đ„đČ đ«đžđšđ„đąđŹđ­đąđœ 𝐚𝐧𝐝 đŸđšđœđ­đźđšđ„, 𝐚𝐧𝐝 𝐝𝐹 𝐧𝐹𝐭 𝐜𝐹𝐩𝐩𝐱𝐭 𝐭𝐹 𝐚𝐧đČ𝐭𝐡𝐱𝐧𝐠 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞đČ 𝐡𝐚𝐯𝐞𝐧’𝐭 𝐚𝐜𝐡𝐱𝐞𝐯𝐞𝐝”. In the conversation, Cindy revealed many other observations from her interesting research like,“𝐈𝐧 𝐩đČ đ«đžđŹđžđšđ«đœđĄ 𝐰𝐡𝐱𝐜𝐡 đŹđźđ«đŻđžđČ𝐞𝐝 đĄđźđ§đđ«đžđđŹ 𝐹𝐟 đ„đ§đ­đ«đžđ©đ«đžđ§đžđźđ«đŹ 𝐚𝐧𝐝 𝐕𝐂𝐬, 𝐕𝐂𝐬 đŹđĄđšđœđ€đąđ§đ đ„đČ đ«đžđŻđžđšđ„đžđ 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞đČ đ›đžđ„đąđžđŻđž 𝐩𝐞𝐧 đđąđŹđ©đ„đšđČ𝐞𝐝 đŠđšđ«đž 𝐛𝐼𝐬𝐱𝐧𝐞𝐬𝐬 đšđ­đ­đ«đąđ›đźđ­đžđŹ 𝐭𝐡𝐚𝐧 𝐰𝐹𝐩𝐞𝐧.” She highlighted the subtle but unintentional biases that women face. “VCs do not want to invest in companies where husband and wife are running the company together, but we invested in such a company, and made massive returns”. There are many such preconceived notions in the mind of VCs and avoid investing in companies that are different from the ‘norm’. In addition to women, she found that people of color, LGBTQ+ individuals, those from other nationalities, and even those with different accents were frequently impacted by prejudices and biases. In her VC fund, they have focused on inclusion, and also shared that half of the companies in their portfolio have at least one female co-founder. Along with conducting researches, she has been involved in a number of nonprofits supporting women entrepreneurship for 20 years. Watch our full conversation with Cindy as she shared with us many more learnings from her researches and experiences in the VC world. Watch the full video- https://lnkd.in/dK-kzJ2U#VentureCapital #WomenInTech #VCJourney #WipingOutTheNorm #IlluminateVentures #TechSector #B2B
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