Initialized Capital
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Initialized's Alda Leu Dennis told Insider she's "liberal" with taking pitches from founders from underrepresented backgrounds.
The percentage of US venture funding going to female founders dropped in 2020, according to Pitchbook.
50% of Initialized's partners are women, and the firm keeps a close eye on gender balance.
The venture capital market is ablaze with eye-popping deals these days — but relatively few involve female founders. That doesn't sit well with Alda Leu Dennis, a general partner at early-stage venture firm Initialized Capital.
"It's been personally very disappointing to see the number of female-backed businesses, given how hot the market has been," she said in an interview with Insider. "It is distressing to me to see that."