Breaking up the boys' club of Silicon Valley is Pam Kostka's new job as CEO of All Raise by bizcarson
.) But with Kostka in charge, the group is now positioned to expand in a more sustainable way. “There’s no taking our foot off the gas pedal. The industry forces today probably resist what we’re doing, but let’s keep all our efforts and forces to make sure we’re moving forward,” Kostka says in her first interview in the role.
As a result, 71% of U.S. firms still do not have a female investment partner today, All Raise says. And of those that do, 75% have just one, leaving women to potentially feel isolated in what is seen traditionally as a boy’s club. While All Raise’s founding members insist there has been real progress in the year since launch, they caution that they operate in a very entrenched industry with a long way to go to change.
“The work All Raise is doing to increase women’s representation in venture capital is both visionary—and common sense. All Raise has an actionable plan to get more money in the hands of female founders and more power in the hands of female funders. This is the lift we need to scale the walls of the old boys’ club,” Gates said in a statement.
Their findings will go to Kostka, who says she’s prepared for more challenges. “There’s going to be setbacks for sure,” she says. “We’re going to gain ground and we’re going to lose ground.”
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