Amplifyher Ventures is a new firm looking to invest in female founders.
Amplifyher was created by Tricia Black, Facebook’s former vice president of push marketings. Since her epoch at Facebook( where she was the seventh hire ), Black has been angel investing, and she also co-founded Victress Capital.
Black told me that Amplifyher admits her to build on her use as private individuals investor and at Victress:” I truly required … to build a crew, to formally construct my own brand .”
At Amplifyher, the speculation crew contained in Black and Meghan Cross Breeden, the former managing partner at Red Bear Angels, who also laboured at superintendent of communications at StyleCaster.
” We’re a great pair ,” Black said.” Meghan has done a ton of work on the operational slope, I’m really locked on the networking area … I think we’re going to find a delightful match between the two of us .”
There are other conglomerates with a same focus on girl founders, including Female Benefactor Fund and BBG Ventures( which is backed by TechCrunch’s parent company Oath). However, Cross Breeden said she was ” wholly enthusiastic about Tricia’s whole thesis — not just about seeding the founders, but arming them with both resources and fund to get from founder to CEO .”
Black and Cross Breeden pointed to stats suggested that there’s plenty more work to be done on this breast — the share of female CEOs in the Fortune 500 dropped by 25 percentage this year, while in 2017, only 2 percent of VC dollars are going to startups founded exclusively by ladies.
” We look at female benefactors not as necessarily under funded … but only an untapped opportunity ,” Black said.
To that end, Amplifyher has raised what Black said is an” evergreen money” that’s fully-financed to determine 10 to 15 assets of $100,000 to $300,000 for the next three years.
Again, these should be startups led by woman — ideally with at the least one female founder, but” if there’s the status of women in the C-suite, that works for us ,” Black said.
And while the conglomerate isn’t focused on any particular industry, she noted,” We are … both marketers by sell, and I’ve invested in numerous direct-to-consumer brands .” They likewise expect most of their investments to be on the Eastern coast, particularly those in Boston and New York City( where Amplifyher is based ).
” We’re building an part ecosystem of women supervisors ,” Black computed.” Through our personal systems, we’re not just concluding openings between them, but really encouraging the sharing of new ideas and knowledge .”