
Dear Michael Moritz, Chairman of Sequoia Capital: About your current challenge ...
We saw in Bloomberg Business that you’re having a hard time finding capable, smart women to work for your venture capital firm. Perhaps this explains why there is only one woman featured on your company’s leadership page. And in fact, only 4% of senior venture capitalists are women.
You said if you could find “fabulously bright, driven women who are really interested in technology, very hungry to succeed, and can meet our performance standards” your company would “hire them all day and night.” If only there was a way to find these women in your 425,787 LinkedIn followers …
We’re here to help. The good news is these women exist (building their own companies, running major corporations, developing new technologies) and they would make excellent additions to the community.
Your interview prompted Nancy Lublin, CEO of DoSomething.org and total female powerhouse, to take to Facebook. She offered up five accomplished women who would make excellent candidates for any VC firm. She asked her network to add other notables at will, referring to her list as “a little binder full of women.” In the cheer-spreading manner of the holidays, the idea caught on like wildfire with an additional 200+ women mentioned on Facebook at the time of publishing.
Take a look at a few that caught our eye. (There are hundreds more.)
These women are the game-changers behind companies like Hulu, Shazam, SoulCycle and even NASA. Not bad!
We aren’t surprised. We know that women are the lead adopters of technology, thus making them well-versed in the digital space. We also know that women control 85% of purchasing decisions and represent a $14 trillion market. But with only 7% of venture capital funding going to women-owned businesses,5 we are not really represented on either side of the table. Something seems off, right?
Since you have committed to hiring female leaders, we will be tweeting an ongoing list of women who could fit the bill using the hashtag #shecouldbeaVC.
Women, feel free to join in!
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