Lyne relinquished her role as AOL brand CEO last month to start a venture fund that will invest in digital startups headed by women. Seeded by $10 million from AOL, the BBG Fund — which stands for Built By Girls — will make seed and Series A investments in the range of $100,000 to $200,000. Just 7% of venture capital funding goes to women-led companies, says Lyne, yet research shows that investors get, on average, a 34% higher ROI when they put their money behind women.
Susan Lyne is encouraging women, especially young women, to start their own tech companies, and she’s putting some serious cash behind it. (x)