Latest / Women Disrupting Tech / How Women In VC NL Close the Gender Funding Gap with Erica van Eeghen & Maud Vermeulen | Ep. 119
Transcript
- 0:10Welcome to Women Disrupting Tech.
- 0:13My name is dear Kanupkas, and on this podcast, I give the women
- 0:16who work in tech the platform they need to inspire and empower
- 0:20each other. Join me on a journey into the
- 0:23world of entrepreneurship, funding biases, and role models
- 0:28to discover the strategies for success in the tech industry.
- 0:32In other words, how women can disrupt tech.
- 0:36Are you ready to listen? Hey, welcome back to Women
- 0:45Disrupting Tech, and thank you for tuning in to episode 119.
- 0:51As you know, only 2% of venture capital goes to all female
- 0:55founding teams. That's one of the most
- 0:58persistent inequalities in tech, and it's a number that has
- 1:02barely changed in the past decades.
- 1:05My guests today are Ian Cavan Eichen from VP Capital and Mount
- 1:09from Merlin from Golden Egg Check.
- 1:11Together they lead women in VCNLA community of more than 170
- 1:17women changing who gets funded. We talk about how they break
- 1:22open the closed networks that shut women out, challenge the
- 1:26stereotypes around risk that hold female founders back, and
- 1:30build the education infrastructure that women in VC
- 1:34need to advance. By the end of this episode,
- 1:37you'll understand why closing the funding gap is not just
- 1:40about fairness. It's about creating smarter
- 1:43systems and better opportunities for everyone.
- 1:47So when you're ready to discover how women in VCNL close the
- 1:51funding gap, please welcome to women disrupting tech, Erica von
- 1:55Ehren and mount for Merlin. Erica von Ehren, mount for
- 2:00Merlin. Welcome to women disrupting
- 2:02tech. It's an honor to have you.
- 2:05Question I always ask at the start is how you got into your
- 2:09current job and current positions.
- 2:11And Erica, let's start with you. Yes.
- 2:15So I've actually always believed that capital is one of the most
- 2:19powerful levers for driving positive change and development.
- 2:24And my my first real awareness on how equal access, unequal
- 2:29access to finances between men and women was actually when I
- 2:33was working for FMO in the Middle East and Northern Africa.
- 2:38But what actually struck me even more was realizing that this
- 2:42imbalance isn't limited to emerging markets.
- 2:45It's just as present here in Europe and especially within the
- 2:49venture capital industry. And that realization led me to
- 2:53join Borsky Fund, which is a fund that is investing in tech
- 2:57companies or female founders. And I saw what I saw was just a
- 3:03direct way to address the funding gap and to really help
- 3:06diversify the kinds of innovations that receive that
- 3:09backing. And today, I, I continue that
- 3:12journey at VP Capital, which is a family office to well
- 3:17dedicated to sustainable and inclusive impacts.
- 3:21And because the shifts in capital flows go hand in hand
- 3:25with reshaping who sits at the investor table, I pursue that
- 3:30that mission through the women in VC in in the Netherlands as
- 3:33well. So we really work to build a
- 3:36more balanced and representative investor community that drives
- 3:42broader and more meaningful change.
- 3:45Yeah. So that that's actually what
- 3:47brought me to VP, but women in VC in particular.
- 3:50OK. Thank you and I'm out.
- 3:52How about you? Yeah.
- 3:54So my first experience with the entrepreneurial ecosystem, to
- 4:00say it like that started during my bachelor and I did an
- 4:04internship at it's best Inc and I joined their pressure cooker
- 4:07program with a startup. And that's where I found that
- 4:11working with startups is something that I really enjoy
- 4:14and also energize me a lot. So working with founders that
- 4:18have like passions and they really want to change something
- 4:22in the world and they're working on, on the big societal
- 4:25problems. So that's something that I, that
- 4:29I, yeah, really inspires me as well and motivates me to work
- 4:33together with them and how I got into my current position.
- 4:36So today I'm working for Golden Egg Check as investment
- 4:40associate. And I got in contact with
- 4:43Thomas, well, a few years ago when I was writing my thesis on
- 4:48the team factors that VC funds look at.
- 4:51And we kept in touch actually. And yeah, since the 1st of May,
- 4:55I joined, I joined the Golden Egg Check.
- 4:58Yeah, wow. Congratulations on that.
- 5:01Sounds like a really cool place to work VP Capital.
- 5:05So by the way, but Thomas has been on my radar ever since I
- 5:12started this journey myself. So he's quite also quite focal,
- 5:17I think about having a more balanced ecosystem.
- 5:22Yeah, definitely. Yeah, yeah.
- 5:24And about the funding gap, I joined women in FEC 1 1/2 year
- 5:29ago. So I went to, besides my job
- 5:32that, well, back then, I was working for the regional
- 5:35development agency in IT. And yeah, I wanted to do more on
- 5:40my network. And I saw it was actually the
- 5:43first time that I saw that the capital is so like weirdly
- 5:47divided or distributed across the ecosystem.
- 5:51And I read the news and all the the data and statistics on see
- 5:56more entrepreneurship. And then yeah, I wanted to do
- 6:01something about that as well and also help women in their PC
- 6:07careers. And I just started my own PC
- 6:09career. So also help young women in in
- 6:13their career. Yeah, to get to know each other.
- 6:16And yeah, that's when when I asked if I could join the board
- 6:20of women in PC. And I'm very happy that I did it
- 6:22because I get a lot of energy from this and from networking
- 6:26with women in the sector and also with with women founders.
- 6:31OK, so just to double click on that, why does it give you
- 6:36energy except for the the connection part, which I
- 6:40understand. What what What makes for you
- 6:44that it's like makes it alive? Yeah, I think it's also part of
- 6:51the problem that we're going to talk about.
- 6:53But I think it's just like women like the, this, the sector is a
- 6:59male dominated sector. And originally there were many
- 7:03men working in, in the sector And you see that that women had
- 7:08a hard time or like it, it was probably less attractive to
- 7:12women this sector. And as a young woman in in
- 7:16venture capital, I find it important that opportunities are
- 7:20equal. And also for me.
- 7:22So while I'm like building my own career in this sector and,
- 7:28and well, hoping that I'm seen as equal as well and also trying
- 7:34my best for it, I also want other people to know that they
- 7:38are equal, that they deserve to to be taken seriously.
- 7:43And yeah, that's something that also personally touches me.
- 7:46And I've seen many young women that have a heart.
- 7:49I mean, boardrooms, for example, they're not taken seriously or
- 7:53they're yeah, people just interrupt them.
- 7:58So I feel like, yeah, we should stand out and do something about
- 8:04that and and show so that everyone has a place, can have a
- 8:07place at the table, regardless of their age or their gender.
- 8:12Yeah. So Erica, what is your
- 8:14experience with that? Yeah, I, I totally conquer with
- 8:19that. And I think it's, it's for me,
- 8:20what really drives me as well is to see that you actually as a
- 8:25woman, you kind of face similar challenges in this sector in
- 8:31particular. And that just well, just
- 8:33bringing all these women together and, and well, just
- 8:39making well have open conversations about the
- 8:44challenges that we face really helps in just well become
- 8:50stronger, but but really help out in in just kind of
- 8:55progressing in your career, but also in indeed your interactions
- 9:00with other Co investors or boards members.
- 9:06So it, it's really, I see such a strength of just having that
- 9:12network and, and really strengthening or feeding that by
- 9:16well organising events or other types of education or trainings.
- 9:22So maybe good to get a bit of a feel of the landscape here.
- 9:28Is is there like like there are in, in terms of female founders,
- 9:32I think it's about 60, forty, 40% women, 60% men, if I'm not
- 9:41mistaken in the Netherlands. How is that on the on the
- 9:44investor side and especially with women in positions where
- 9:48they actually can. Yeah, how to say pull the
- 9:52trigger? Yeah.
- 9:54So that's still really low. Actually.
- 9:57We've seen that over the last years.
- 9:59There are more women and younger women as well entering the VC
- 10:05job market, so to say. But currently actually there was
- 10:10a research done by the MVP and level 20 and they researched
- 10:15that in 2025, said this year there's 18% of the professionals
- 10:22in VC is women, so 118. And in 2023 that was 15%.
- 10:30So it increased a little bit, which is good to see.
- 10:34But we've seen that that mostly increased on the junior and
- 10:37meteor levels and in senior positions, there's still only 9%
- 10:42women working in in senior level positions.
- 10:46So one in eleven decision makers in VC is a woman?
- 10:52How did that happen? Is that, is that something that
- 10:56just happened because it was initially a male, totally male
- 11:00invented markets I would even say or is that because women?
- 11:05Yeah. Yeah, I think VC really thrives
- 11:08on informal networks and local networks.
- 11:11So you have to basically, yeah, share the deal with each other
- 11:18just because of like willingness and connections.
- 11:22So there's any yeah, information that's actually kept between
- 11:26these informal networks and because there were less women in
- 11:31these sectors. Yeah, originally.
- 11:34I think it's, it's more difficult or it can be more
- 11:37difficult for them to yeah, to have access to all this
- 11:41knowledge or networks or deal flow or so that was originally,
- 11:45right. Luckily, we see now that yeah,
- 11:49women are breaking into CC and it's very, very good for the
- 11:52sector, not only for the funds, but also for investing in female
- 11:58founders because the the lack of of women is in decision making
- 12:04positions in this sector also has a very big impact on on how
- 12:10much capital is distributed to women founders.
- 12:13So we do see a change. But I think that that, yeah, the
- 12:16the reason for this is the informal networks or one of the
- 12:21Yeah. Erica, you want to add?
- 12:23Yeah, I would like to add to that as well.
- 12:24And and actually echo also what Mao T is saying.
- 12:28But I, I think 1 is indeed maybe on the why on the investor side,
- 12:34it's so male dominated. I, I think it's indeed, it is
- 12:37something that is already, well, they're from, well, a long time
- 12:43ago. It's already something that kind
- 12:46of grew because the financial sector in itself is male
- 12:51dominated. But it's also, I think if you
- 12:55look at the funds that have been built, they indeed have been
- 12:59built by men. And it's to, in order to kind of
- 13:04create a culture among funds where you embrace more
- 13:09diversity, not only women, but also other types of diversity,
- 13:13you need certain mass and a certain changing culture in
- 13:17order to kind of, well, be more inclusive in that.
- 13:22And I think that's often still lacking.
- 13:24What so you feel when I talk with other female investors, I
- 13:29often hear that either funds are still just doing it in a very
- 13:34kind of classical way, but also in terms of personal development
- 13:40and and creating that culture. And I think there it is
- 13:45something that certainly has to change and I think will change,
- 13:50but it needs to come from both sides.
- 13:53So the fund management as well as women becoming kind of more
- 13:57well equipped and confident that they actually have that position
- 14:03in the fund as well and never well and and very good say in
- 14:08and good input in decision making as well.
- 14:12So is it, is it, do I hear you say that in part, let's say the
- 14:17the classical setup of the of the whole ecosystem, but also a
- 14:23matter of women needing to be more confident about themselves.
- 14:31I think it's indeed on both sides.
- 14:33So, well, I think indeed women also need to kind of, well, kind
- 14:38of or get more equipment or tools in order to thrive in CC.
- 14:46But I think there also needs to be more openness for other types
- 14:51and other ways of investing because I think I really would
- 14:56never say that women just need to change in order to kind of
- 15:02fit in the the C industry. I think the authenticity and the
- 15:08actually the way they do it, not to generalise too much, but it
- 15:13is brings actually a lot of diversity in decision making,
- 15:17but also, as Mao said, in the types of investments that you
- 15:21make. And I think that's link to
- 15:24indeed the types of companies that are are being invested or
- 15:29backed by VC. We were were really kind of
- 15:33quite monotone in, in what type of companies we invest in.
- 15:39Well, if you have more a more diverse VC team, you also see
- 15:44that there are a lot of other types of opportunities in the
- 15:47market that actually do deserve investments as well and really
- 15:52make and return as well. So hence it is important to have
- 15:58that diversity in the teams of VC funds.
- 16:02Yeah, also to open up more, more opportunities in terms of of
- 16:08widening the scope of of what is considered investable.
- 16:13Exactly. But what I also heard you say,
- 16:17I, I just want to touch back on that, is that it's also a matter
- 16:21of, let's say, mass, the sheer number of women in VC.
- 16:26So Mao, you indicated that currently there there, the book
- 16:30of the women is in junior or media positions.
- 16:35Do you know of that? There's a sort of structured
- 16:41education plan of sorts to bring those up to the to the more
- 16:47senior levels. Well, I haven't, I haven't heard
- 16:51of that in infants for example. So I think that's partly what we
- 16:56are doing with women in CC. We're trying to structure
- 17:01education and network and we can tell you more about that later.
- 17:05But so, so because there isn't, we are trying to to do it.
- 17:11And I think sponsors, so, so people that support you and also
- 17:16want you to grow into partner positions, for example, are very
- 17:20important. So a sponsor is someone like
- 17:22it's a role in a company. It's someone that helps you
- 17:25actually grow into senior positions.
- 17:28I think that's super, super important.
- 17:29Because if that's not the case, like yeah, it's going to be very
- 17:33difficult to to join a distance decision making position, right.
- 17:39So I think also the board of if you see funds really need to
- 17:43yeah, try and diversify their look or their the way that
- 17:48they're currently doing things. And I think that the quickest.
- 17:53What? What is standing in the way?
- 17:54What? What is standing in the way of
- 17:56that? Yeah.
- 17:58Why? I mean, this is, this is a bit
- 18:01just to go on a tangent here, this is a bit my frustration
- 18:05with the whole topic is that we have known since well at least
- 18:112015, the diverse teams perform better.
- 18:14We know from companies left, right and centre that if the,
- 18:21the moment you promote women to leadership positions, the, the
- 18:27culture changes in a positive way.
- 18:29And I I'm like, OK, so what's keeping these quote, UN quote
- 18:35guys in VC from making that change?
- 18:41Yeah, I, I think it's it, it has several factors, but I, I think
- 18:47it's, I think it's, it has to do also a lot with unconscious
- 18:51bias. So not actually knowing that
- 18:55you're working in such way and that other people that may not
- 19:03well look in the same way as you do have have also interesting
- 19:09inputs. So I think it's, it's often just
- 19:12not knowing that and also the culture that you have built in
- 19:15your fund is actually maybe not welcoming to everyone.
- 19:20So I, I think it has to do with one on the the fund level.
- 19:25I think it's, it's just will become more aware of your blind
- 19:30spots and making sure that you will in the end be more
- 19:36inclusive in well, gathering other inputs from others and
- 19:42really appreciating, appreciating it.
- 19:45So I think on, on that level, it's, it's lacking.
- 19:48And I think also on the, what I also see is, well, people,
- 19:53especially when they're younger, they, they kind of need to
- 19:56indeed they need sponsors like Mod said, but you also need,
- 20:01well, you need also a certain training in order to develop
- 20:05and, and well, develop your personal skills and, and
- 20:08technical skills. And I think that's in PC also
- 20:12lacking a lot. There is very little budget.
- 20:16For trainings, so there is actually almost none.
- 20:21Well that also has to do with the cost structures of funds
- 20:24often. But the the problem is that then
- 20:28you'll have to find it somewhere outside and and that's something
- 20:31that we really try to address with women if you see.
- 20:35OK. So yeah, Mao, do you want to
- 20:38chime in? Yeah, maybe in addition to that
- 20:40as well as if you've started a fund with for men, for example,
- 20:44you're also doing things the way you've already you've always
- 20:49been doing it, right. So I think it's really changing
- 20:52a narrative of your fund and also hiring a, a woman in this
- 20:57team, but then keep a woman in the team of four male people
- 21:02that are more senior perhaps in running this fund.
- 21:06So it's also it, it requires also, yeah, adaptation skills of
- 21:12the people that are already in the fund.
- 21:14It's very difficult to actually hire a woman as a partner in a
- 21:17fund with four men, for example, because that's still not equally
- 21:21distributed, right. So also, yeah, a woman in a
- 21:27partner position where most of the team is still male can be
- 21:31still quite difficult. And I still hear that people
- 21:35also in those positions, they yes, sometimes people don't let
- 21:40them talk like they get interrupted all the time.
- 21:42So that's, it's like the same problem, I think.
- 21:46So it's also really indeed, like Erica said, also being open to
- 21:52changing the way you work and be aware of the way that you look
- 21:56at things and that other people can actually bring fresh and new
- 22:00perspectives that maybe you, you yourself haven't thought about.
- 22:05OK, Yeah. So I was, I'm wondering, yeah,
- 22:08how can we bring this sense of urgency in?
- 22:12Because if, if I hear you correctly, one, one of the
- 22:16things that is lacking, there's education, of course there's I
- 22:21was actually quite shocked by your remark that there's no
- 22:24education budgets, Erica. Yeah.
- 22:27Because I, I, I, I think that's like one of the base parts of
- 22:33running a good company anywhere. Yeah.
- 22:37And yeah. And I think, I think to that, I
- 22:39think particularly the smaller funds that are that, that will
- 22:45have just also more little or or smaller budgets because of the
- 22:51management fee that is in the end related to the fund size,
- 22:56which also kind of in the end leads to very little budget for,
- 23:01for training. But the bigger the funds,
- 23:04probably they'll they'll have bigger budgets.
- 23:06So it also depends a bit on on well the type of fund.
- 23:10But overall we see that there is very little money spent on
- 23:17trainings, personal trainings. So that, that's why we kind of
- 23:21take that role and, and, and people feel really kind of
- 23:25personally motivated just to develop and, and work on their
- 23:31skills, but it's not per SE something that is driven by old,
- 23:37well, your, your, your partners. No, but yeah, then that that
- 23:42keeps me wondering why, how we can get the sense of urgency in.
- 23:47Is that is that also a matter of training or because I recognize
- 23:52your remark amount on on if you're hiring a woman and you've
- 23:57been running the front with four men, you tend to continue
- 24:02running as as you've always done, maybe with with more
- 24:08literally a fifth wheel on the wagon.
- 24:12How do how do we get these guys to be more open, more
- 24:19hospitable? Good question.
- 24:23I think that's very difficult to answer because changing like
- 24:26it's also in our culture, right? It's rooted, it's rooted in our
- 24:30culture. So I think it's also very
- 24:32difficult to change it, but I think there are more funds like
- 24:36seeing that they're actually missing out on good deals or
- 24:40diverse deal flow and that they're there.
- 24:44There's also like, I don't want to say that people don't want to
- 24:46change. They do want to change.
- 24:48I have this this talk with my male counterparts as well.
- 24:52And they, they also wanted to change, you know, but changing
- 24:55it is, is difficult. So it's not that it's their
- 24:59fault or something, but it's just going to take a lot of time
- 25:04to, to make a culture change. And also, of course, women also,
- 25:10yeah, it's necessary that they also want to stay in the sector
- 25:14because if, you know, we have a quite dynamic work and sometimes
- 25:20it can require quite some time to, to carry out our work.
- 25:24So it's also you, you have to be able to manage that during your
- 25:29week. And it's the same for men, but
- 25:31maybe also in some families there are still some like more
- 25:35traditional structures or you know, so I think there's,
- 25:38there's also more, yeah, the, the job is not very easy just to
- 25:43to leave at 5:00 and then do that every day.
- 25:48And, and, and that's it. You know, it's also quite
- 25:51demanding job. Yeah, yeah.
- 25:53Because yeah, we, we yesterday we had a WhatsApp conversation,
- 25:56I think at 11 in the evening. I'd I hope that that doesn't
- 26:02represent your standard working hours, but.
- 26:06No. And I'm, I'm, yeah, I also like
- 26:10it a lot, you know, because yeah, I'm thinking a lot about
- 26:15my work, but it also gives me a lot of energy.
- 26:17So I still have the time for that right now.
- 26:21Is that also one of the sites of the work that you actually
- 26:28there's a lot of analytical skills involved.
- 26:30I think that that you can actually, I mean, there's always
- 26:34time to to think I would would believe.
- 26:39Where am I wrong there? No, of course, yeah, that's
- 26:44true. And, and it's also you learn
- 26:45something about new markets every day because the one day
- 26:49you're working on company that's active in farming and then the
- 26:53other day you're looking at a company that's active in AI.
- 26:56So totally not related, you know, so that's something that I
- 27:00actually find really interesting that you learn something every
- 27:03day. But like I mentioned before,
- 27:07it's also, it's also very important in a sector to network
- 27:11a lot. And there are many, many
- 27:13networking events like especially in these months that
- 27:17can be 1 every day. And these networking events are
- 27:20always in the evening, you know, at these side events or yeah, or
- 27:25drinks or gatherings. They're, they're often in the
- 27:29evening. So yeah, it's it requires a lot
- 27:34of flexibility. Yeah.
- 27:36And just for context of the listeners, we're recording this
- 27:40at at the beginning of July, sorry.
- 27:43And and June and July are really busy at least in the Netherlands
- 27:48with networking events, I think internationally even.
- 27:53So just before the summer starts and then you get a dip in August
- 27:57and then in September through November, you get a lot more.
- 28:03And, and to your point, you have really you need to be flexible,
- 28:08be able to, to be flexible. So Erica, I was wondering about
- 28:13one thing. Yeah, we talked about education
- 28:16and, and that it's possibly also part, part of the cause is that
- 28:24there's an issue with budgets. So how do you educate yourself?
- 28:28How do you keep up to standard with the information about
- 28:33sector besides from reading the newspaper?
- 28:36Well, I don't, I don't know. Do you need newspaper or
- 28:40websites or what? Yes.
- 28:41Well, certainly you also need so, so you have indeed maybe
- 28:45just to get the that get that clear.
- 28:47So you have one education more on the kind of personal
- 28:50development and of course you have education on just diving
- 28:53into specific sectors or specific propositions.
- 28:57And that is I think just well inherent to or or that's just
- 29:02your job. So you really need to dive into
- 29:05when you see a certain startup that you really like, you'll
- 29:09just need to know every nitty gritty of the market.
- 29:13And so that that is something that you'll, you'll actually
- 29:16learn either well, both through kind of desk research, but also
- 29:20talking to people, reference calls, talking to industry
- 29:25experts or people in your network.
- 29:27So that's where this network is also very important for.
- 29:31And then on the, so more on the educational side, if you want to
- 29:35learn more about well, how you, you do well, how, how do you
- 29:40actually negotiate a term sheets?
- 29:43So what are the kind of important terms that you need to
- 29:47be aware of? And, and so, so that's or, or
- 29:50for example, on valuations, how do I evaluate a company, but
- 29:57also on personal skills, indeed, how, how do I perform in a
- 30:02board? Those are, I think the ones that
- 30:05do need well, either trainings or mentorships or through well
- 30:11coaching. And that is something that we
- 30:14really try to do also with the women in VC is to, to really
- 30:19bring that knowledge and network in order to kind of well propel
- 30:26your, your, your, your skills and, and your knowledge and, and
- 30:32development. Is that your career?
- 30:36Yeah, exactly. And, and in the end that will,
- 30:39will, will it, it will help you in, in just your promotions also
- 30:43in, in within your fund or outside.
- 30:46And I think that's super important.
- 30:48And maybe to my point where I was saying so there's too little
- 30:52budget. I think I'm I'm mostly talking
- 30:54about just kind of the, the classical VC funds.
- 30:58There are of course many other types of funds or investor types
- 31:03which may have budgets. For example, VP capital where I
- 31:08work, there is actually a big training budget, but that's a
- 31:12family office. So it's it has a different
- 31:14structure. So, so it really depends.
- 31:17Overall you see that the kind of classical VC funds have very
- 31:22little budget there. And maybe, yeah, to the point
- 31:26and maybe we'll we'll be discussing that a little bit
- 31:28later as well. But I think on, on education,
- 31:32one of the things that we we've set up last year was a newly
- 31:37venture program, which is a program that is actually meant
- 31:41well for female investors with work experience of above 5
- 31:45years. But it's, it's both meant for
- 31:48women that actually just entered the CC industry as well as
- 31:52people that are already more seniors or also on partner
- 31:55level, because we believe that you can learn a lot from each
- 31:59other. And that program is in the end,
- 32:03it, it consists of several workshops where you'll just be
- 32:07talking, discussing on specific topics like fundraising,
- 32:11negotiations, and then you'll have intervision sessions where
- 32:16you'll just be talking with other, well, smaller groups, but
- 32:21people like minded people that you want to present your
- 32:26specific challenges that you face too.
- 32:29And, and they'll, they'll can actually provide feedback.
- 32:31And I think that's through these.
- 32:33I'm just talking, this is an example of, of a program that we
- 32:37set up. But I think it, those are super
- 32:40important in order to, to really equip the female investors in
- 32:45one, broaden their network, finding just people that you can
- 32:49really trust and, and will discuss and be very open to
- 32:55things that that will, that will challenges or problems that you
- 33:00face. But also, well, it's, it's in
- 33:04the end also just the education that we want to provide.
- 33:08Yeah, it's a sort of education session meets mastermind meets
- 33:13networking. Yeah, exactly.
- 33:15It's a bit of a mix of those opponents.
- 33:19Yeah, because it also to, if I hear you correctly, it also sort
- 33:24of creates opportunities for the for the coaching and mentorship
- 33:28part, because you have, let's say, different people operating
- 33:35in different levels of of AVC organization.
- 33:39And I think also for smaller VC funds for women working there.
- 33:44It also provides an opportunity then to touch base on things
- 33:50that they run into on a daily basis.
- 33:52And yeah, if you're alone, you're alone.
- 33:56Certainly so I think there you do we actually well, this was a
- 34:01kind of a first cohort where there were now doing this for a
- 34:05second one. But I, I think the feedback that
- 34:08you get also from the the kind of higher levels is that there
- 34:12is a huge need for just for discussions on everyone has in
- 34:20their work challenges that you'll be facing.
- 34:23And I think just the strength of just being able to in, in a very
- 34:29kind of secure and, and trust environment to be able to share
- 34:35these challenges and, and thoughts that you're having is
- 34:38just super powerful. I think in the end it, it, it
- 34:43also is something that you that men will appreciate as well.
- 34:47But I think it is in the end, the women that we want to
- 34:51support here in particular because they're a minority.
- 34:56Yeah. And I think it's it's also a
- 34:58beautiful way to at least create an ecosystem with a safe space.
- 35:04Yes, exactly. And you're sort of in the
- 35:07process creating this this pipeline because do you then
- 35:11also see people transfer from 1 VC to the other as a result?
- 35:15I haven't seen it directly from the New Leaf program yet, but
- 35:20I'm sure there will be because there is often transitions to
- 35:25other funds as well. I think it's in the end we do
- 35:28see that happen. I mean overall the PC industry
- 35:31is a pretty small market in the Netherlands.
- 35:35Every well people know each other or or well get to know
- 35:39each other quite, quite fast, particularly through these types
- 35:43of networks like the the women in VC.
- 35:45But so that that definitely enhances or facilitates those
- 35:50transitions as well. Yeah, and I, I.
- 35:53Think sounds. You mentioned something here
- 35:57that's actually also quite important because what happens a
- 36:00lot in VC is that vacancies are not even coming online.
- 36:04So you also get jobs just because, you know, people.
- 36:08And yeah, therefore it's also super important to network.
- 36:12Maybe we can, as fans, we can also do something differently
- 36:15here to really share a vacancy because that's actually very
- 36:20important for for people to open up the space a little bit.
- 36:23But yeah, I think that's also what's what helps a lot is if
- 36:27you increase your network, you will also better know like where
- 36:32our positions open and and yeah, you get these chances.
- 36:36Yeah, A, you get, you hear about them, and B you're, you get on,
- 36:42as I call them, scouting lists. Yeah.
- 36:46Because most, most employers and I don't think from what I hear
- 36:52VCs are the exception there have a sort of list of people, hey,
- 36:56if we have an open position here, we want to ask the this,
- 37:01these are the top 3 outside candidates.
- 37:03Let's say you need to be on that on those lists as well.
- 37:09So maybe a good time also to, to switch to, to women in VC as a
- 37:14community. We talked about the new leaf
- 37:16program it's in. It's it's coming up to its
- 37:19second cohort. What I heard both of you say is
- 37:25that there's a lot of networking, a lot of education
- 37:28going on. What else do you offer as a
- 37:34community to female investors? I can tell a little bit more
- 37:39about it and please add on mouth, but I think with with
- 37:44indeed there there's educational training is is a very important
- 37:47one. Network is an important one.
- 37:49Indeed the well the new leaf program.
- 37:51What we actually, I think I do have to mention that because it
- 37:54is actually also makes it even more powerful is that we Co
- 37:58organise that with NVP and level 20.
- 38:03So those are well it makes it very kind of powerful because
- 38:08they'll bring a lot of input as well on the the educational side
- 38:12and and then the exposure to a bigger network.
- 38:17But other than that, we have a gallery, which is all the female
- 38:22investors have registered their with their funds and the types
- 38:26of the focus that they have on the types of investments and
- 38:31founders actually have female founders have access to that
- 38:34gallery. So that it, it helps a lot in
- 38:38just bringing the female founders a bigger network of the
- 38:43right type of investors that they're looking for.
- 38:46So it it's so it's enabling them And well, MO MOT had actually
- 38:53did, did a lot of work on that. I think on one hand, it's just
- 38:56super cool to see that the female investors are actually
- 39:01giving access to their, their, their kind of focus.
- 39:04And, and because that is not very uncommon thing that people
- 39:08are so open about what they, what they do, what they, what
- 39:14they're looking for, because they are also afraid that
- 39:17they'll just be bombed by founders that are looking for
- 39:21capital. But here there's actually a lot
- 39:23of openness in order to make sure that we actually reach
- 39:27those female founders as well. Yeah.
- 39:30What I really like about that is that it also makes the whole due
- 39:37diligence part for the founders a lot easier because usually one
- 39:41of the these, that's what I hear a lot is that it's so difficult
- 39:46to find the right investor because you need to be in the
- 39:49right vertical, the right stage, the right ticket size.
- 39:55And if you have, I think it was an air table or another at least
- 40:01sort of dashboard thing where you can see, OK, hey, I need to,
- 40:06I can skip these people off the list and I need to really focus
- 40:10on, on these people. It makes your your funding
- 40:13efforts a lot easier. Yeah, yeah.
- 40:15And we see that that in particular for female founders,
- 40:19one of the reasons why they will have more difficulty in, in
- 40:24finding capital, attracting capital is because they don't
- 40:29always have that network. And therefore this isn't a way,
- 40:34a tool to enable them and, and, and well, also giving them that
- 40:39exposure. So that is an important one.
- 40:44Maybe one other I would like to add is that we're, we're
- 40:47actually actively looking for a lot of partnerships as well with
- 40:50other types of organizations. Like for example, there were,
- 40:55there was an event organized by Femstart where we Co organized
- 41:01Femstart is actually organizing pitch competitions for female
- 41:05founders. And they also provide the well
- 41:08education on the, the pitch pitches itself or how to hold a
- 41:12company. And I think those are also super
- 41:14important to have in our ecosystem.
- 41:19And, and we're very much looking for these type of of
- 41:22partnerships as well, Although we do want to, I mean our main
- 41:28focus is really to get more female investors in the industry
- 41:33and really retain them also in the industry.
- 41:37Yeah, so I'm out. You want to chime in?
- 41:42Yeah. So, so I think indeed what
- 41:44Erica's saying is, is we've we've recently had a strategy
- 41:48session on logic. OK, what are we going to do?
- 41:50Because the funding gap is a real big issue.
- 41:52Is it something that we can solve?
- 41:54Well, we, we do this, we are in a board with four people.
- 41:58So Erica, VP Capital, Sophie Heimbach had no such ventures
- 42:03and lots of it like at Gapya Ventures and me from Golden
- 42:06Golden Neck check. But so we, we all do it besides
- 42:12our job, right. So, but but we really want to do
- 42:15something about it. And this was basically for us a
- 42:18way to say, OK, we are focusing on one part of the problem,
- 42:22which is that there's a lack of women investors in decision
- 42:27making positions, but we want to do something about it.
- 42:31And that's basically opening up our network to FEMA founders.
- 42:34So indeed the database can be used as a first filter on like
- 42:39which funds are there, which, which funds fit your strategy?
- 42:43We hope that's helping. And I also sometimes get asked
- 42:47questions from founders like, hey, do you know a fund that's
- 42:50good that suit my company. So then, yeah, of course I can
- 42:55try to make introductions for you with the investors.
- 42:59And yeah. And indeed, the partnerships
- 43:02will also help us to reach more female founders and to open up
- 43:06our network even more. So yeah, I'm really, really
- 43:10happy we we were able to do that.
- 43:12Yeah. And on on the on the partnering
- 43:14side, I think there's also a list of what I would call
- 43:19service providers. So people who can do marketing,
- 43:23who can do accounting, etcetera. I mean, can you tell a bit more
- 43:27about that? Yeah.
- 43:28So we since January, we restructured the community.
- 43:32So right now we have basically have three groups, one for
- 43:35investors only, one for investors and founders, and one
- 43:39for investors and service providers.
- 43:41So often PCs are looking for services to help their portfolio
- 43:45companies. And in this WhatsApp group, we
- 43:47often see that PCs are, for example, asking like, hey, I'm
- 43:51looking for a fractional CFO for a company in My Portfolio.
- 43:56Anyone in this group that could help me?
- 43:59So yeah, indeed, we, we try to, yeah, keep, keep those
- 44:04connections also close to us. And we also use it sometimes for
- 44:09them workshops that we give. So outside of the newly venture
- 44:14program, we also give workshops just for any member.
- 44:18And if we want to do a session on scaling, for example, we can
- 44:23ask in the service provider group if, if someone wants to
- 44:25give a workshop on scaling. So yeah, it's very helpful.
- 44:30OK cool. And if there's someone who is
- 44:34who can do workshops on biases, then probably you also ask that
- 44:38question. Yeah, yeah, definitely.
- 44:40Yeah, yeah. So to give an example, we also
- 44:45worked with Ian who's on session on on term sheets, for example.
- 44:50But indeed, I'm, I'm still looking at a service provider
- 44:54that could help me on a session on investment biases.
- 44:57So if there's anyone, then they reach out to me.
- 45:00That's a nice little bridge to the back to the biases because
- 45:04there's one thing that struck me.
- 45:06I think you said it mouth that when you've always done things
- 45:12like you've done things, you will continue to do that.
- 45:16Also you need, you will keep looking for the same things.
- 45:21So that's yeah, a pattern matching, I think, or
- 45:25confirmation bias. How do you how can we break that
- 45:28a bit? Besides adding more women, what
- 45:33else can we do? Yeah, that's very difficult
- 45:36actually to to change that I think.
- 45:39Yeah, good question. What?
- 45:40What role can what role can more women play there?
- 45:44Well, I think I think for example, what women can do
- 45:47indeed is, and that's also what we discussed internally with
- 45:52with our members during International Women's Day.
- 45:54We had a really nice breakfast and we had a discussion on this,
- 45:58like what can we do to find more women and support them better
- 46:01during their founder journey? And one of the things that we
- 46:07discussed there is also like if, if we, if you reject the
- 46:11proposition, for example, from a female founder, also try to
- 46:14really give them honest feedback.
- 46:16And yeah, sometimes, like we always try to give honest
- 46:21feedback, of course, but sometimes, yeah, it just doesn't
- 46:24fit. Or you know, it's, it's a bit,
- 46:27yeah, you just want to keep it short.
- 46:29But what I'm trying to do as investor is also to really take
- 46:34time then and, and explain them why it doesn't fit for us at the
- 46:37moment or if I think they're investor ready at all.
- 46:42And I really try to also put some time in in consulting
- 46:46people on this and how they should approach reaching
- 46:50investors or what they can do or if they're investor ready.
- 46:54So I really try to share the knowledge that I have in a
- 46:58network that I have with people and more, I think even more if
- 47:01they're women founders, yeah. Yeah, I think also indeed
- 47:06sharing your, your network, I think that the women that are
- 47:10there, I think, well, one, it's of course important to create
- 47:13that mass of more female investors at the investor table.
- 47:18I think super important. But other than that, I think
- 47:21it's indeed the, the women that are already there share as much
- 47:26network that you are, you're having, but also try to coach
- 47:29other, other women in your in your network or in, in this
- 47:35industry to really create that kind of ripple effect.
- 47:39I think it's, it's super important that we all are, are
- 47:43open to kind of help each other out instead of competing with
- 47:48each other. Not, I'm not saying that that is
- 47:50the case, but I think it is we, we should be very collaborative
- 47:54and I think and overall women have that in them.
- 47:59So, but let's do that more actively.
- 48:01Let's let's make sure that we'll all yeah, help each other and,
- 48:07and also trying to be visible in this industry just to because I
- 48:12think also talking, for example, about role models.
- 48:16I think it is in the end, I think we, we, we maybe sometimes
- 48:23have that definition of role model in our minds that you have
- 48:26to be like a celebrity or something, but that's not the
- 48:29case. I think a role role model is in
- 48:31the end, just something that you have that inspires others and,
- 48:35and everybody can be a role model.
- 48:37I think there's also not as a person myself, I, I don't have
- 48:42one role model, but I just take different pieces of different
- 48:47people around me, which I really appreciate and, and think I
- 48:51would like to well, kind of add to my skills or to my way of
- 48:59doing so. What I'm saying is that role
- 49:03model models are important, but I think everybody should be
- 49:06aware that they actually are a role model, probably a role
- 49:10model to someone else as well. Yeah, Yeah.
- 49:13I think that's really powerful to say that really there's
- 49:16always, because I also have this, as I call it, pick and
- 49:21choose approach where I look at sometimes people can do things
- 49:27one thing really well and rest maybe well, they're they're at
- 49:33the standard level, which is quite OK, But I always try to,
- 49:38to really lead to focus on what people do well and then what can
- 49:42I learn from them? And if you, I agree with you,
- 49:47Erica, that if you changed your approach of learning and looking
- 49:51at role models at that makes it makes the pool bigger and also
- 50:00makes it easier to let's the rest go.
- 50:04It's also because many people have sort of fall in the trap,
- 50:08Like if you have to be a role model, then you have to be
- 50:10perfect all around. Like you almost have to be gold.
- 50:17And this this sort of avoids that trap I would say.
- 50:22Yeah. And I think as a founder, I
- 50:25mean, like if you start a business, you're, you come in a
- 50:29bubble of people that also found these companies and it maybe
- 50:32have more ARR like annual recurring revenue already.
- 50:35And they're, they have a very successful business that perhaps
- 50:38there are many people that are still in their corporate life,
- 50:41they've thought about like setting up a business that they
- 50:45like didn't have the, the well chance or, or not or whatever
- 50:50to, to start it. And yeah, if you are a founder,
- 50:54you did, you know, you, you give up a lot actually to build your
- 50:58business because you believe in in your vision and anything that
- 51:03you're building. And that's already super
- 51:05inspiring. I think any founder can be and
- 51:09any person indeed can be a role model.
- 51:12And yeah, sometimes it seems like I said that if you're in a
- 51:15bubble of founders that maybe you're not doing well, but
- 51:19actually you've already come so far by starting your own
- 51:22business, you know? So it's really worth it also to
- 51:25share that with people and, and go on stage and tell your story
- 51:28on how you did that because you you actually might inspire many
- 51:31people to do the same. Yeah, I think that's really
- 51:34often underestimated power you have by by starting and and also
- 51:41as an investor I would think because that's a question I
- 51:44still had. Can you also be an investor,
- 51:49maybe on an Angel level if you're still working a corporate
- 51:53job? Yeah, definitely.
- 51:54Yeah. There are Angel initiatives
- 51:57where you can actually, yeah, put in small amounts of money
- 52:03and you don't have to be a rich person or an Exodus founder to
- 52:07become A to become a business Angel.
- 52:10So I think to communities that are good, like if you're
- 52:14interested that to become an Angel founder that are very good
- 52:17in this is for example, the Angel initiative or there's a
- 52:20new initiative now it's called adventure.
- 52:23Those are really yeah, good, good initiatives to to start
- 52:27Angel investing. Yeah, sorry that they even also
- 52:32touch on another thing that's very important and that's also
- 52:35personal wealth. So, you know, as as female
- 52:40Angel, for example, if you can invest your money this way, it's
- 52:44also, yeah, it's helping other founders, but also your own
- 52:47personal wealth. Yeah, if you do it right, yeah.
- 52:51But that's probably, probably, yeah.
- 52:55That's always a thing that we have to keep in mind.
- 52:59You don't. You do this with money you can
- 53:01miss, and you do this probably start with companies where you
- 53:04at least have a bit of a feel of what they do that you at least
- 53:08understand what's the risk you take.
- 53:12Yeah, and there are education programs as well.
- 53:15OK. To learn how to educate the the,
- 53:20the that bottom of the pipeline, I would say.
- 53:22The Angel, if that's. You mean yeah.
- 53:25Well, Angel, it's just more in our community, but we like
- 53:30they're, they're welcome to join our sessions, of course.
- 53:35But it is I think we mostly focus on on women in venture
- 53:38capital. And there are also other
- 53:41platforms that focus on solely Angel investors.
- 53:43But Angel investors are welcome to our community, but we don't
- 53:46have specific workshops on Angel investing.
- 53:49No, OK, clear. So I want to move a bit towards
- 53:55the end of this session. You talked about having a
- 53:58strategy session. What are the plans for the
- 54:00future? There's the second cohort of New
- 54:04Leaf coming out. What else?
- 54:05Yeah. I think with New Leaf, we've
- 54:07seen that because, because there's also many senior women
- 54:11joining this program and we've seen that they also like to have
- 54:15like sparing partners to to share experiences with.
- 54:20So I think what we will do internally is also see how we
- 54:24can restructure it even more and yeah, create smaller groups
- 54:29because right now we have a community of 180 female
- 54:33investors. So it's becoming quite big.
- 54:36And sometimes that also makes it that you feel more anonymous.
- 54:39So we're currently thinking on how we could, yeah, structure
- 54:44the the community better to also, yeah, connects people a
- 54:48bit more on, on a deeper level. So we're going to work on this
- 54:53during the summer and yeah, hopefully after summer we can,
- 54:58yeah, we can kick it off. OK, cool.
- 55:01Yeah. And also I think what's also
- 55:04nice in New Leaf program is that you see we, we connect also more
- 55:09senior people with, with people with at least five years of
- 55:13working experience. So there's also, I think we, we
- 55:16also hope that there's like for example, mentor duos rising from
- 55:22this, you know, if you have a question on building your own
- 55:25fund or yeah, whatever that, you know, who to call and that yeah,
- 55:30people can help each other out. So I think that's going to be
- 55:33our main thing to connect our community even more.
- 55:36OK. So building connections and
- 55:38educating people, Yeah, that's there.
- 55:40That's the two focus points. Yeah.
- 55:42And I think maybe to add 1 is what we also are are thinking of
- 55:47because you, you do have other women in CC communities also
- 55:51outside of the Netherlands. So really try to see if we can
- 55:55join forces there as well. So there is one pan European,
- 55:58one unlucked sea and also trying to see if there are good
- 56:04collaborations with these networks to actually make it
- 56:08also international. Because in the end also for
- 56:12your, your, the start-ups that you're investing in that want to
- 56:15internationalize or want to raise another fund outside of
- 56:19the Netherlands, it's actually, well, a big strength to have
- 56:23that network outside our borders as well.
- 56:26Yeah, I was about to say Dutch market is is the Dutch market.
- 56:32It's not particularly big. No, no, no, no.
- 56:37We do realize that there is a rule outside.
- 56:40So let's say we're about 10 years from now and there's how
- 56:45many percent of work positions are then filled by women.
- 56:50So investor on the investors on the VC side.
- 56:53Do you want to have our the the dream answer or the realistic
- 56:58answer? No, the dream answer the.
- 57:00Dream answer. Well, in that case, I would
- 57:03actually, I really would like to push that in the end, the board
- 57:11and just I think in general in the PC industry, it is more of a
- 57:15reflection of society. So it's not only women and men,
- 57:19of course, but just overall diversity.
- 57:22Well, as you said, the figures, the numbers are real, that
- 57:26they're there. Diversity is in the end well
- 57:31brings the best performance and and is is in the in the end the
- 57:36the answer. So if I have to give my dream
- 57:40answer, I would say that the board would look exactly as a
- 57:44reflection of society, meaning that there is half female, Half
- 57:49Men, but also other types of diversity in the board.
- 57:54And that will really in the end bring the kind of balanced
- 57:57decisions in the companies and and well you see them building
- 58:03also for customers that are more diverse and not only surfing one
- 58:09type of customer base. Yeah, I think same.
- 58:13I think the reflection of society is very important and
- 58:18we're now focusing on gender, but there's there's more ways of
- 58:22diversity that we should indeed focus on to to make the results
- 58:27even better. What can men do?
- 58:30So because if we want to move to a more 5050 base of women in
- 58:36decision taking positions, how can men facilitate this?
- 58:41Yeah, I, I think it's important to be aware that you have your
- 58:45own bubble network. So it's important to also try
- 58:49and, and look at other networks outside of your own bubble.
- 58:54Maybe ask different questions to to founders because women tend
- 59:01to be more or that's that's always what I read like women
- 59:05tend to be more risk averse. But actually I always see only
- 59:08like very well motivated propositions of women.
- 59:11They exactly know where their money goes.
- 59:14They have everything well thought true actually.
- 59:16So I yeah, I'm always like risk. Like by only building your
- 59:22company, you already take a lot of risks.
- 59:24So yeah. And actually the risk aversity
- 59:29it's. Actually.
- 59:31They are aware of all the risks that are in the business and
- 59:34they actually have a plan on how to mitigate them.
- 59:37So I'm I'm only enthusiastic about this.
- 59:40Yeah, I, I think women are more risk prepared than men.
- 59:44I don't think they're necessarily they're better.
- 59:48It's it's a myth that women are more risk averse.
- 59:50They're not. They need, they want more
- 59:53information and they want, they are usually better prepared,
- 59:57which actually from my own experience makes them better
- 1:00:02risk managers. So that's why you see in
- 1:00:05especially in risk management positions in, in large finance
- 1:00:09financial companies, actually the the split man where woman
- 1:00:14is, I would not say 5050, but at least close to it.
- 1:00:19Yeah. And I think another thing that
- 1:00:21that men maybe could do is also try to see if you can create an
- 1:00:25unbiased evaluation tool if if you're evaluating companies and
- 1:00:30it shouldn't actually matter if there's a man or a woman or a
- 1:00:34woman in front of you. Yeah.
- 1:00:37And be aware of this and see how you can actually diversify your
- 1:00:41funnel and your and the way that you look at companies.
- 1:00:45Yeah. Would opening up the networks
- 1:00:48also help? Because I I think it's, it's a
- 1:00:51small network, everyone knows each other.
- 1:00:53But if the the moment you start sharing deals with women with
- 1:00:59women feces. Yeah, No, I think super, super
- 1:01:02important also just opening indeed.
- 1:01:05Well, I think from, from our end, I think it's in the end
- 1:01:08also a goal I think just to integrate our network more with
- 1:01:12the mill network. It's not like we're want to
- 1:01:15build a kind of container network that is just interacting
- 1:01:20completely separately from, from men.
- 1:01:22I, I think that's not where you where we should go to.
- 1:01:25But I, I think indeed also on the, for example, with events,
- 1:01:30you always go to the same events and then you actually, it, it
- 1:01:36helps so much better if if you just look around and see, OK,
- 1:01:40but what, what is actually, what are other events I would
- 1:01:43normally typically not go to. Let's let's attend those and see
- 1:01:48if I can actually broaden also my source of of leads by doing
- 1:01:54that. Yeah, or, or if you're
- 1:01:57organizing an event, see who are who are your Co organizers.
- 1:02:01I had a funny example of this because I went to a side event
- 1:02:08and and it was organized by only men.
- 1:02:10And in the first few hours there were only men present and I was
- 1:02:16well, one of the few women. Luckily later on there came a
- 1:02:19few women more. But then the other day I, I had
- 1:02:23another event that was organized by a very diverse team.
- 1:02:26And actually there the crowd was also very diverse.
- 1:02:28So I think also in organizing stuff and teaming up with other
- 1:02:33VC funds, because men and women in VC can find each other really
- 1:02:36well. Also make sure, yeah, if you
- 1:02:39could organize something that the team that's organizing it is
- 1:02:42also diverse because then you would also attract more diverse
- 1:02:47network. So I think that's that's a very
- 1:02:49quick win. Yeah, with a with a huge ripple
- 1:02:52effect. Exactly.
- 1:02:53Yeah, yeah. And it also, it also counts for
- 1:02:57us, right. So as women in TC, I think it
- 1:02:59would also indeed, like Erica said, would also be good to,
- 1:03:03yeah, try to see how we can diverse it, diversify with the
- 1:03:06meal networks as well and organize something together.
- 1:03:09We're not there. We haven't done it so far, but
- 1:03:12but of course, we're also open to this.
- 1:03:14So yeah, I think that's very important.
- 1:03:17Cool. Let's close it there.
- 1:03:19Yeah, out for Mary, Erica for Nathan.
- 1:03:22Thank you very much for this wonderful conversation.
- 1:03:28Question I always ask at the end is where people can learn more
- 1:03:33about you, where they can connect with you, and where they
- 1:03:37can find out more information about women in VCNL.
- 1:03:42Yes. Well, you can find more
- 1:03:44information about women in VCNL at LinkedIn.
- 1:03:48So we have our LinkedIn website. We of course are.
- 1:03:50We have our WhatsApp groups. So if you want to you're, you're
- 1:03:55not member yet and you're an investor or a founder or service
- 1:03:58provider, please reach out to us personally and we can make sure
- 1:04:02to include you. And we can also, of course, add
- 1:04:07you to the gallery as a, as an investor.
- 1:04:10And for the New Leaf program, well, currently where the
- 1:04:13selection has taken place. So for this year it will not be
- 1:04:18open, but it will for next year. We're happy to onboard new
- 1:04:22people on on the programme. Yeah, to have people on the
- 1:04:26waiting list already. Exactly.
- 1:04:29Cool, and people can connect with you Erica via LinkedIn as
- 1:04:34well as Oppose. Yes, definitely can always reach
- 1:04:38out. Cool.
- 1:04:40Mao Sing for me. Yeah, on LinkedIn.
- 1:04:42OK, cool. We'll include those links in the
- 1:04:45show notes. So once again, thanks very much
- 1:04:48for the amazing conversation. Really insightful, this nurse.
- 1:04:54Thank you very much for listening and until the next
- 1:04:56episode, keep being awesome. Well, that's it for episode 119
- 1:05:06of Women Disrupting Tech with Erika Vonageen and Out for
- 1:05:09Merlin, titled How women in VCNL close the Funding gap.
- 1:05:15Erica Maout. And I hope that you found our
- 1:05:17conversation as inspiring as we intended it to be.
- 1:05:21And if you have any questions for Erica or Maout, please leave
- 1:05:25them in the comments on Spotify, Apple, or YouTube.
- 1:05:29I'll make sure you receive an answer.
- 1:05:32When you want to connect with Erica or Maut or learn more
- 1:05:36about women in VCNL, please check out the links in the show
- 1:05:39notes. As usual, you can find the show
- 1:05:42notes at Women Disrupting Tactile Block and that link you
- 1:05:45can find in the description. If you've enjoyed listening to
- 1:05:49this episode, please consider leaving a rating or a review on
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- 1:07:07With that, I wish you a wonderful day.
- 1:07:09I hope to see you in the next episode.
- 1:07:12And until then, as always, keep being awesome.