Melinda French Gates is a powerful investor in her own right

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Melinda French Gates' work as an investor at Pivotal Ventures 'remains unchanged' despite the $146 billion divorce, a source says

"We don't have enough women founder CEOs who are getting funding, so basically less than 2% of VC funds go to women. Less than 1% go to women of color. So in this innovation space, I said to myself, 'What's the best way to use capital to move things for women?'" Gates told Chang. She quickly decided that becoming an LP was the smartest business move she could make.

"The first goal is to make money," she said."I'm not putting my money out as a social impact. I'm putting it out to make money." For instance, one of the first funds Gates invested in was Aspect Ventures; she participated in the firm'sfund in 2018. Aspect Ventures was founded in 2014 by Jennifer Fonstad and Theresia Gouw.

"Jennifer and Theresia are extremely talented investors," Gates said in a statement at the time of the commitment."They see opportunities where others don't — including backing diverse entrepreneurs whose potential the venture capital industry has long been blind to.

 

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