Melinda French Gates has set her sights on a formidable task – reshaping early-stage venture capital (VC) to better serve women entrepreneurs. Given that VCs cater to a select few, fail on about 80%, and need home runs to pay for the failures, the question looms: can Gates make a dent and leave a legacy? Or will she join a long line of well-meaning VC benefactors with loads of good intentions but without a foundational understanding of VC outside the narrow confines of Harvard, Stanford, and Silicon Valley?
Here are 5 challenges and potential solutions.
#1. The economics of VC… Need home