Why the Female Founders Fund isn’t betting big on AI

Founding partner Anu Duggal thinks there’s still opportunity in beauty and consumer goods. AI is a different story.

When the Female Founders Fund (FFF), a seed stage venture fund that invests exclusively in female-founded companies, was started in 2014, just 2% of venture capital dollars went towards women-led companies. That number hit a record high last year, with 22.8% of all VC money going to startups with at least one woman cofounder. We sat down with Anu Duggal, a founding partner of FFF at her firm’s annual gathering to learn about the current funding drought, deciding not to invest in AI, and whether things have gotten better for female founders. Read the conversation below or listen to this episode of Most Innovative Companies.