Female VC partners emerge to ride the tech wave
Since joining in 2016, Ms. McDonald has led investments in robotic AI technology Abyss, real estate technology startup: Different, and Process Street workflow software. Since arriving in 2018, Ms. Vullinghs has supported Grow, the blockchain-friendly pension fund infrastructure builder, electric bike rental company Zoomo, addiction support social media platform Arli and the direct disruptor. to the consumer Eucalyptus.
Ms Vullinghs said she was more interested in consumer products, brands and technologies that promote positive behavior change, while Ms McDonald said she had a soft spot for software as a service. company.
Regarding the success her new role would give her, Ms. McDonald said her aspiration was to be seen as a valuable advisor and support to the founders she supports.
Their appointments mark a positive step towards greater gender balance in leadership positions in the local venture capital scene. End of 2019, The Australian Financial Review surveyed leading companies and found that out of 50 associates, only 11 were women.
On the issue of the lack of gender diversity in venture capital, which Amnesty International’s Silicon Valley Initiative director Michael Kleinman has presented as a human rights issue, Ms Vullinghs and Ms McDonald said they had feelings mixed results following their promotions.
The type of diversity that matters most in making sound investment decisions, according to Ms. Vullinghs, is diversity of thought.
“What I love about the way the team works together is that we are all really curious people who love the products and the technology and that’s what brings us together. But we also have the psychological security of not agreeing with each other on investments without disagreeing with each other personally, ”she said.
She said others keen to step into coveted venture capital roles need to immerse themselves in the industry and start looking for leads before they find a role.
“Start doing the job before you get the job,” Ms. Vullinghs said.
“You can study trends, meet founders, and create a fantastic portfolio on paper. Any venture capital fund will be impressed if you can tell them which companies are in your fantastic portfolio and why.