One angel investor wants an investment portfolio full of women.
Jonathan Sposato, a Seattle-based entrepreneur and the CEO of photo editing software PicMonkey, made a bold announcement last week at the Seattle Angel Conference that he’d only fund companies with one or more female founders.
But the good news is the number of female founders are on the upswing. According to that CrunchBase data, the percentage of startups with at least one female founder rose from 9.5% in 2009 to 18% in 2014.
Sposato has been vocal about his support of enhancing women in tech in the past, speaking at the Seattle Women’s Startup Weekend in 2012. And PicMonkey succeeded, in large part, because of its female users, who make up about 80% of its audience. Read more…