Recode: A new and intriguing idea to increase investment in women-led startups
Recode, Ferbruary 4th, 2019: A new and intriguing idea to increase investment in women-led startups
What if I told you that venture capitalists aren’t soothsaying wise men who are uniquely qualified to predict the future of male and female CEOs alike?
Don’t take my word for it: The folks at Village Capital over the last decade have been running a social science experiment that raises some interesting questions about whether the powers that be in Silicon Valley investing are really that all-knowing.
Village Capital has for a decade run an accelerator program that had a reality show-esque twist at the end: The dozen or so startups end the program by ranking which of the other startups were the most promising — and the two highest-rated companies would get a check from Village Capital’s venture arm. They spend about 12 days over the course of a three-month period getting to know one another as they all tackle a similar problem.