Good morning! Olivia Wilde founded an investment firm, 23andMe finds a new board, and a VC firm expands from backing female founders. Have a wonderful Wednesday.
- More than a woman. BBG Ventures was founded a decade ago—it was the peak of the "girlboss" moment, the same year Sophia Amoruso's book coining the term was published and that companies like Bumble were founded.
In the decade since, BBG Ventures has backed female-founded companies across 100 investments; its founders have invested in April Koh's Spring Health, the acne patch brand Starface, and other businesses. But the whole time, partners Susan Lyne and Nisha Dua have had an eye toward other kinds of diversity; 70% of its portfolio of 100+ companies has a founder of color.
